Supply of diamonds

Assignment Help Microeconomics
Reference no: EM13293806

Suppose there is a simultaneous increase in the demand for diamonds and increase in the supply of diamonds. Which of the following will occur as a result of these simultaneous events?

Reference no: EM13293806

Questions Cloud

What is the magnetic flux through the desk surface : A horizontal desk surface measures 2.52 m x 2.05 m. If Earth's magnetic field has magnitude 0.463 mT, what is the magnetic flux through the desk surface
Design a low-pass unity-gain butter worth filter : Using 3kohm resistors and ideal op amps, design a low-passunity-gain butterworth filter that has a cutoff frequency of 20 khz and is down at least 25 dB at 100 khz.
Explain the amount of product that can be lost as a result : If you used 20 ml water to recrystallize salicylic acid at 10 °C, estimate the amount of product that can be lost as a result of dissolving in the filtrate. (solubility at 10 °C =0.14/100 ml water). Calculate the loss if you had used 4 mls of wate..
Which of the below are considered cash management techniques : Which of the below are considered cash management techniques?
Supply of diamonds : Suppose there is a simultaneous increase in the demand for diamonds and increase in the supply of diamonds. Which of the following will occur as a result of these simultaneous events?
Find the net force on the given charge : A -10uC charge is 3cm away from a +10uC charge. and is 4cm to the left from a +64uC charge. Find the net force on the +10uC charge
Which of the following refers to the overall impact : Which of the following refers to the overall impact of exchange rate changes on the value of a firm?
Design a circuit to multiply two 2-bit numbers ab- and c-d : Design a circuit to multiply two 2-bit numbers - a,b and c,d and produce a 4-bit product -- w,x,y,z. Show a truth table and the equations.
What might the monetary authorities do to a currency : The maintenance of money's value is said to depend on the monetary authorities. what might the monetary authorities do to a currency that would cause its value to drop?

Reviews

Write a Review

Microeconomics Questions & Answers

  Whose business was either helped or hurt by changes

Why is it important for managers to understand the mechanics of supply and demand both in the short run and in the long run What are some examples of companies whose business was either helped or hurt by changes in supply or demand in the markets

  Profits in monopoly-perfectly competitive environment

Assume marginal cost increases to 25 as a result of imposition of a tax. What takes place to monopoly and competitive price and output?

  What is the incidence of the tax on consumer

how does charging the monopoly optimum and the welfare of consumers, the monopoly, and society?

  Define the concentration ratio

what is the concentration ratio for the industry x and y. (number of firm) ----(industry x) ------ (industry y) (1) -----------------------8,750-------- --------1,750 (2) -----------------------7,500---------------- 1,725

  Demonstrate the relationship between supply and demand

Acres, whose grandmother gave her a family recipe for making pies, loved to cook, and she decided to staft a business she called Mrs. Acres Homemade Pies. The company produces specialty pies and sells them in local supermarl

  Would warehouse operators insist on owning own trucking

Would warehouse operators insist on owning their own trucking companies What coordination and control problems and contractual hazards would these companies encounter What organizational form would warehouse operators and truck hauling companies a..

  What role does the use of capital and technology play

1. how are producers of the goods we consume supposed topromote societal well-being through the pursuit of profits 2. what role does the use of capital and technology play in helping the free market now

  When is an exceptionally large crop causes farmers income

Could someone please explain this I think it means that because of the large crop, farmers' incomes will fall because of the increase supply per farmer. Prices would then have to be competitively low to sell due to the high supply and as such the ..

  Explain how is the human development index calculated

Which variables are included and how are they combined What are the Millennium Development goals Who established them What are the targets for poverty and hunger and which regions are "off track" for this goal

  List some of products you typically purchase as a consumer

Identify the market structure(s) for the products listed Is advertising is associated with the identified market structure(s). If so, explain why advertising and/or product differentiation is important to this particular market structure.

  Compute bowen''s accounting profits

Howard Bowen is a large-scale cotton farmer. The land and machinery he owns has a current market value of $4 million. Bowen owes his local bank $3 million. Last year Bowen sold $5 million worth of cotton. His variable operating costs were $4.5..

  Characteristics of the labor economists perspective

Suppose that a labor economist claims that recipients of economics PhDs gain little in terms of acquired productive skills from their graduate studies, but instead, the degree simply reflects a high level of inherent mathematical ability. Which on..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd