Effectively reduce the death rate due to fires
Course:- Business Economics
Reference No.:- EM131239150

Assignment Help
Expertsmind Rated 4.9 / 5 based on 47215 reviews.
Review Site
Assignment Help >> Business Economics

Smoke detectors have been shown to effectively reduce the death rate due to fires. In order to ensure that as many individuals as possible install a smoke detector, the government recently decided to subsidize the production of smoke detectors. Which of the following will be the consequences of this subsidy? Select all that apply.

A. The demand for smoke detectors will increase.

B. The demand curve shifts to the left

C. The supply curve shifts to the left

D. The supply curve shifts to the right

E. The demand curve is unaffected

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Business Economics) Materials
What do you need to understand about your community before you can begin to work programs or projects? What might you have to do that you feel uncomfortable doing in order to
Consider a consumer, Adam, who has a fixed amount of income, I , which he can spend on two goods each month, Christopher Nolan Movies and Chipotle Burritos, denoted by M and B
Explain how the Federal Reserve Bank's (Fed) decision to raise interest rates would be expected to affect each component of the Weighted Average Cost of Capital (WACC). What f
Hospital A does emergency care only, and has total costs of $1,000,000 for output of 100 patients per day. Hospital B does surgery only and has total costs of $10,000,000 for
The current price of gold is $1,800 an ounce, and the current futures price is 1,850 an ounce. Suppose you expect the price of gold to rise and you enter a long position into
Consider the following demand and supply equations for cell-phones in the domestic country: Supply: Qs = − 60 2 + 3 2 P Demand: Qd = 300 2 − 3 2 P where the price is measure i
Glassworks and Clearsmooth compete in the local market for windshield repairs. The market size (total available profits) is $10 million per year. Suppose the two windshield-re
Consider an exchange economy with two prominent leaders: Romney and Bernanke. Each get utility from destroying jobs, J; and from power, P.  What are the market supply function