Reference no: EM131314650
During the last 10 years, Orlando, Florida, grew rapidly, with new jobs luring young people into the area. Despite increases in population and income growth that expanded demand for housing, the price of existing houses barely increased. Why? Illustrate your answer with supply and demand curves. Do you agree or disagree with each of the following statements? Briefly explain your answers and illustrate each with supply and demand curves.
a. The price of a good rises, causing the demand for another good to fall. Therefore, the two goods are substitutes.
b. A shift in supply causes the price of a good to fall. The shift must have been an increase in supply.
c. During 2009, incomes fell sharply for many Americans. This change would likely lead to a decrease in the prices of both normal and inferior goods.
d. Two normal goods cannot be substitutes for each other.
e. If demand increases and supply increases at the same time, price will clearly rise.
f. The price of good A falls. This causes an increase in the price of good B. Therefore, goods A and B are complements.
|
Draw supply and demand curves for the tickets
: Draw supply and demand curves for the tickets to each of the two games. (Hint: Supply is fixed. It does not change with price.) Draw one graph for each game.
|
|
Describe the discussion-political actions management
: Can you be an effective manager in a large organization and avoid politics? Explain.Does politicking always cause dysfunction in an organization's operations? Explain. Support your positions by citing scholarly references.
|
|
Determine the magnitude and location of the force
: An upward buoyant force F is required to shut the ballcock valve. The density of water is designated ρw. Develop an expression for x, the fraction of the float submerged, in terms of R, ρ, F, g, and ρw.
|
|
Tactical intelligence immune to influences
: To what extent is tactical intelligence immune to influences from the White House, Pentagon, CENTCOM, and other headquarter's organizations over 1000 miles away? Use examples.
|
|
Ilustrate each with supply and demand curves
: During 2009, incomes fell sharply for many Americans. This change would likely lead to a decrease in the prices of both normal and inferior goods.
|
|
What moment m is required to hold cube in the position shown
: A cubical piece of wood with an edge L in length floats in the water. The specific gravity of the wood is 0.90.- What moment M is required to hold the cube in the position shown?
|
|
Graphically effects of both policies on market for cigarette
: Are these two programs at odds with the goal of reducing cigarette consumption? As part of your answer, illustrate graphically the effects of both policies on the market for cigarettes.
|
|
Describe the coca-cola companys organizational design
: Describe the Coca-Cola Companys organizational design, key strategic control systems (e.g., budgeting and variance analysis systems), primary human resources concerns, and cultural factors, and the effect that these have had on the implementation ..
|
|
Estimate the number of molecules crossing a circular hole
: As the average molecular velocity is approximately equal to the speed of sound in a perfect gas, estimate the number of molecules crossing a circular hole 10-3 in. in diameter.
|