What do you understand with the law of supply

Assignment Help Macroeconomics
Reference no: EM133203062

a. Why the Demand Curve is downward sloping from left to right and Supply Curve is upward sloping from left to right?

b. Demand Curve is sometimes shift either to the left or right depends on the decrease or increase in demands. The factors that influencing the above are called Non Priced Determinants of Demand. Give only 2 that you know and explain?

C. What do you understand with The Law of Supply?

d. The factors that determined quantity of market supply are (1) input prices, (2) technology, (3) number of producers, and (4) expectation for future prices. Choose 2 (two only) and explain?

E. What do you understand by the Market Equilibrium? And what are the causes that create Market Surplus and Market Shortage?

Reference no: EM133203062

Questions Cloud

Which legislation has the teacher breeched : Who would you report non-compliance to if this occurred whilst you were at placement? think a brief script on how you would address this breech
Enforceability of the contract with bspi : Rhonda was a 70-year-old widow with one child, Christina. Christina is 40 years old and married to Damien. They live together on ten acres in the Blue Mountains
Create a emergency plan for the sheraton hotel : Create a Emergency Plan for the Sheraton Hotel in Hamilton, Ontario, Canada. Explain what a Emergency plan, what is the purpose of it
What is tom marginal rate of substitution : What kind of a utility function does this equation represent?, i.e. does it represent perfect substitutes, perfect complements, imperfect substitutes or somethi
What do you understand with the law of supply : a. Why the Demand Curve is downward sloping from left to right and Supply Curve is upward sloping from left to right?
Retain and engage indigenous employees at the workplace : Increase Indigenous Candidates' success in seeking employment opportunities whilst maintaining the reliability and validity of selection practices
What is meant by corporate social responsibility : What is meant by corporate social responsibility? Describe, using an example.
How would you analyze current workforces capacity : How would you analyze current workforces capacity to meet current and predicted demands for business goods and services? Why do you think your chosen technique
Explain how they allow you to interpret the statement : Describe and compare the relevant characteristics of stocks and bonds. Explain how they allow you to interpret the statement.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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