Supply and demand, Microeconomics

Assignment Help:

1. State of the art machines at the advanced Yamaha musical instrument plant tune the exact sound of high caliber musical instruments (vs a certain touch, and perhaps a degree of voodoo) sought by professional musicians.  What effect will this have on the price and quantity of musical instruments?

2.  "More working overtime" Only 14% of the workforce said they never or seldom work overtime.  How will this situation affect the price and quantity of digital cameras?

3. "70 million baby boom generation set to retire in the next 8 years."  What effect will this have on the price and quantity of health care?

4. "Federal Reserve cut Fed Funds Rate ¾%, and is expected to cut an additional ½% pm Wednesday, January 30."  What effect will this action have on the price and quantity of small business loans from banks?

5. "Wireless speakers strike the right chord with consumers."  People can place speakers in any room, turn on their I-Pod and have the room fill with music.  How will this situation affect the price and quantity of traditional wired speakers?

6. Fry's Electronics, January 28, 2009:  "The price of HD Plasma TV's has declined 50% in the last 24 months."  How will this affect the price and quantity of traditional analog TV's?

7. "At&T powers up TV service", At&T TV service called U-verse will be available in 175 suburbs.  What effect will this situation have on the price and quantity of wired TV service?

8. "The price of gasoline has increased $.19 per gallon in the last two weeks."  How will this affect the price and quantity of car washes?  (At service stations offering car washes)

9. "Housing market's freeze deepens."  Potential home buyers are forecasting that the price of new homes will decline more in the future.  What effect will this have on the price and quantity of new homes?

10. "Construction workers face lay-offs."  How will this effect the price and quantity of "Buffalo Tools"?

 


Related Discussions:- Supply and demand

Law of mass action, Law of mass action states that at a constant temperatur...

Law of mass action states that at a constant temperature rate of a chemical reaction is directly proportional to product of active masses of the reactants raised to the power equal

Production possibilities curves, What are the most important challenges tha...

What are the most important challenges that economists try to address? (ii) What is the role of government in a market based economy? (iii) Who are the main economic players and w

Disadvantages of division of labour, Disadvantages of division of labour: ...

Disadvantages of division of labour: Division of labour may also have disadvantages that may include the following: (i) Lack of Craftsmanship Division of labour does not m

True or false, economists would predict that if salaries increased for engg...

economists would predict that if salaries increased for engginieers and decreasded for mba braduates that fewer people would go to graduate school in business and more would go in

Baumol tobins inventory model, Under specified assumptions, derive the squa...

Under specified assumptions, derive the square-root formula of the Baumol-Tobin's inventory model of transactions demand for money and briefly describe the effect of a one period i

The demand for big macs, illustrate and explain the changing demand gor big...

illustrate and explain the changing demand gor big Mac using the indifference curves and budget line

Insurance market and calculate risk premium, There are two individuals in t...

There are two individuals in town, one is high risk and the other is low risk.1 The probabilities of having an accident for the low risk individual and high risk individual are p

Write Your Message!

Captcha
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