1 all of the questions in this part refer to the market for

Reference no: EM13377326

1) All of the questions in this Part refer to the market for jelly doughnuts. All questions are concerned only with the short run. Each situation is not related to the others. Analyze each question separately.
Assume that the supply and demand curves are normally shaped. In each question, at most one curve will shift. Use the following code to indicate each of your answers:

a. Demand increases.

b. Demand decreases.

c. Supply increases.

d. Supply decreases.

e. Neither demand nor supply changes.

1. The price of coffee doubles.

2. The price of jelly used as filling in jelly doughnuts rises by 20%.

3. A significant number of people decide to go on low diets.

2) All of the questions in this Part refer to the market for gasoline. All questions are concerned only with the short run. Each situation is not related to the others. Analyze each question separately.

Assume that the supply and demand curves are normally shaped. In each question, at most one curve will shift .Use the following code to indicate each of your answers:

a. Demand increases.

b. Demand decreases.

c. Supply increases.

d. Supply decreases.

e. Neither demand nor supply changes.

1. Huge new crude oil reserves are discovered in the western United States.

2. The price of train and air transportation doubles because of Homeland Security charges.

3. The price of new automobiles falls by20%.

3) All of the questions in this Part refer to the market for cigars in the United States. All questions are concerned only with the short run. Each situation is not related to the others. Analyze each question separately.

Assume that the supply and demand curves are normally shaped. In each question, at most one curve will shift .Use the following code to indicate each of your answers:

a. Demand increases.

b. Demand decreases.

c. Supply increases.

d. Supply decreases.

e. Neither demand nor supply changes.

1. The price of the tobacco used in cigars falls by 25%.

2. Smoking of cigars is banned from all public areas in the United States.

3. The price of cigars in the United States rises by 20%.

Reference no: EM13377326

Questions Cloud

The marginal cost of educating a college student is 500000 : the marginal cost of educating a college student is 5000.00 a year. the table below shows the marginal private benefit

The table below illustrates the market for internet : the table below illustrates the market for internet services. use a demand-supplygraph to answer the following

1 when the government increases taxes to provide : 1. when the government increases taxes to provide traditional public goods such national security there tends to bea.

Graph long-run equilibrium to include mc ac d and mr to : graph long-run equilibrium to include mc ac d and mr to answers for questions 1 through 41. perfect competition2.

1 all of the questions in this part refer to the market for : 1 all of the questions in this part refer to the market for jelly doughnuts. all questions are concerned only with the

1 the following is a linear programming formulation of a : 1. the following is a linear programming formulation of a labor planning problem. there are four overlapping shifts and

If demand in the united states is given by q1 7200 - 300p1 : if demand in the united states is given by q1 7200 - 300p1 where p1 is the price in the united states and if the

Question 1 determine whether the following benefits are : question 1 determine whether the following benefits are fringe benefits or exempt fringebenefits and where applicable

A profit-maximizing monopoly faces an inverse demand : a profit-maximizing monopoly faces an inverse demand function described by the equation py 50 - y and its total costs

User Account

All Pages