User Account

All Pages

Which of the demand shifter variables is affected

Assignment Help Business Economics
Reference no: EM132440691

1.A large number of people move into the city

a) Which of the demand shifter variables (PYNTE) is affected?

(b) Will demand increase or decrease as a result of the change?

(c) Which way does the demand curve shift (right or left)?

(d) Assuming supply remains the same, what happens to equilibrium price and quantity after the shift? Will they increase or decrease?

2.A new machine makes producing cars quicker and easier.

(a) Which of the supply shifter variables (SPENT) is affected?

(b) Will supply increase or decrease as a result of the change?

(c) Which way does the supply curve shift (right or left)?

(d) Assuming demand remains the same, what happens to equilibrium price and quantity after the shift? Will they increase or decrease?

Reference no: EM132440691

Questions Cloud

Calculate the Annie income and Barry income : Interest of 5% on 1/1 capital balances. Salaries: Annie = $8,000, Barry = $5,000. Calculate the Annie's income for 2020 and Barry's income for 2020
Explain the meaning and importance of nonverbal messages : Why is email not always the most effective means to communicate with co-workers? What have you done/ seen done to overcome any verbal/nonverbal communication
What is meant by a binding price floor : 1. Congress passes a law which requires car manufacturers to reduce emissions during the manufacturing process.
Implementation or managing the compliance of the act : What complications do you think may arise with implementation or managing the compliance of the act?
Which of the demand shifter variables is affected : (a) Which of the demand shifter variables (PYNTE) is affected? (b) Will demand increase or decrease as a result of the change?
Discuss the Patterns of urbanization in Latin America : Discuss History of an historically important industry in Latin America (e.g. mining, sugarcane, bananas, coffee, cattle, maquiladora) or emerging industry
Write down pierre budget constraint : Write down Pierre's budget constraint. Is it optimal for Pierre to supply 0.75 units of labour?
Calculate the net cash provided by operating activities : Swifty Corporation reported net income of $203000 for the year. Calculate the net cash provided by operating activities for the year
Explain why businesses and entrepreneurs : Explain why businesses and entrepreneurs are more likely to voluntarily undertake the projects that consumers value highly relative to price and less likely

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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