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1. State the effect of the following events on supply, demand, equilibrium price and equilibrium quantity in the market given. Use a small, neatly labeled graph to support your answer.
a. Beetle infestation decimates tobacco crop. Market: cigars.
S ______
D ______
P ______
Q ______
b. The cost of pesticides increases. Market: soy beans.
c. Store-brand soup prices are cut. Market: Campbell's soup.
d. Papayas and grapefruit are substitute goods. A drought in California destroyed a good portion of the grapefruit crop. Market: Papayas.
e. Hurricanes in the Gulf coast cause gasoline supply disruptions while the summer travel season ends. Market: gasoline.
f. Digital image albums become the rage among households while improved technology reduces the cost of producing digital cameras. Market: digital cameras.
Ross, a Canadian resident, purchased a car worth $ 3,00,000 that was produced entirely in China. Does this transaction affect Canada’s GDP? Justify your answer.
In Northlandia, there are no labor contracts; that is, wagerates can be renegotiated at any time. But in Southlandia, wagerates are set at the beginning of each odd year and last for twoyears. Why would equal-sized falls in aggregate output
Assuming no government sector, if planned investment spending is 200, what is the equilibrium level of aggregate output? Show this equilibrium level on the graph you have drawn.
If the wage rate is $30 perhour and the rental rate on capital is $10 per hour, what is the cost-minimizing input mix for producing 4 units of output?
in your opinion do you feel education is important in getting a better job and earning more money. why or why not?do
Explain the speed with which money changes hands and analyze the impact on the monetary system 150 words please.
Write a letter to the Housing Authority and Health District about your previous living conditions for family and child that your landlord failed to fix. Also include that there was mold on walls and ceilings and the roof leaked.
Make sure to select articles (300 words or more) that address all of the needed information below. Short articles will often not provide you with enough detail to write about. In addition, purely statistical releases of data are not wise selection..
What can you say about trends. Is the budget deficit getting larger or smaller. What about the national debt. Why are people so concerned about the size of the national debt
1. suppose the demand for baseballs is given by q 200 - 8p.a. waht is the price elasticity of demand when p6?b. at
What role, if any, should the U.S. Government play in health care coverage for Americans? Should the government's role in terms of health insurance be different for those with jobs and for those without jobs?
Read the article "The effects of minimum wages on employment" and answer the questions below: a) Through which channels does a binding minimum wage affect employment? Illustrate this effect with a diagram.
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