The price of steel and aluminum increase

Assignment Help Business Economics
Reference no: EM131166396

Which of the following scenarios will most likely shift the supply of cars to the left (decrease in supply)? -The price of cars decreases. -The price of automotive paint decreases. -The price of steel and aluminum increase. -Automobile workers become more productive.

Reference no: EM131166396

Questions Cloud

Compute the price elasticity of demand for eggplants : Use the following information to answer the questions below. A local supermarket had been charging $2.00 a pound for eggplants and selling 200 pounds a week. Compute the price elasticity of demand for eggplants. When the price rises from $2.00 to $2...
Book value for each year using the deprecation methods : An asset has an initial cost of $25,000, a useful life of 6 years and a salvage values of $1,000. Calculate the annual depreciation and book value for each year using the following deprecation methods:
Polluting electricity power plant : "Suppose we have an agricultural valley 100km by 50km, with a polluting electricity power plant. The power plant causes pollution problems on a narrow strip of land downwind of the plant, and within this valley 10km in length and 500 m in width, but ..
Cause the supply of cat food to increase : Which of the following would cause the supply of cat food to increase?
The price of steel and aluminum increase : Which of the following scenarios will most likely shift the supply of cars to the left (decrease in supply)? -The price of cars decreases. -The price of automotive paint decreases. -The price of steel and aluminum increase. -Automobile workers become..
Market demand for product with no change in market supply : If there were a decrease in the market demand for a product with no change in market supply, the equilibrium price would:
Describe an example of an information asymmetry : Find and describe an example of an information asymmetry that could give rise to either adverse selection or moral hazard. How is the information asymmetry corrected in your example (if it is)? Are there other methods of correcting the information as..
Employer mandate help eliminate problem of adverse selection : How does the employer mandate help eliminate the problem of adverse selection? Would a single-payer plan, in which everybody is insured through the government, further reduce the problem of adverse selection?
The market for hamburger is in equilibrium : The market for hamburger is in equilibrium. The equilibrium price & quantity is $25 for 23 hamburgers. Consider the effects of an increase in the number of firms in the market. How would the curves on a supply/demand graph change?

Reviews

Write a Review

Business Economics Questions & Answers

  Difference between a solicited and an unsolicited proposal

What is the difference between a solicited proposal and an unsolicited proposal?

  What is the levered value of the equity

Alexandria's Dance Studio is currently an all equity firm that has 60,000 shares of stock outstanding with a market price of $24 a share. The current cost of equity is 11% and the tax rate is 40%. Alexandria is considering adding $2 million of debt w..

  What would happen to his attempt to attain a blanaced budget

What would happen to his attempt to attain a blanaced budget? How would the President tell that his economy is approaching equilibrium or getting better?

  What do you think is the future of these types of MNCs

State owned, at least partly, MNCs are becoming common specially those from BRICS countries. What do you think is the future of these types of MNCs? Do they will over the traditional (privately held) MNCs? Explain.

  Income inequality equitable

Should society attempt to equalize income or economic opportunities? Are the issues of equity and equality in the distribution of income synonymous? To what degree, if any, is income inequality equitable?

  An increase in buyers incomes

An increase in buyers' incomes

  Elucidate use blue points circle symbol to plot the federal

Elucidate use blue points (circle symbol) to plot the federal debt as a percentage of nominal GDP for each of the six years.

  Non-labor income change generate a substitution effect

What happens to hours of work when non-labor income decreases? Does such a non-labor income change generate a substitution effect? Why might we expect welfare programs create work disincentives? What happens to the probability that a particular perso..

  Illustrate what is the forecasted price of oil over the next

Illustrate what is the forecasted price of oil over the next 16 years using a discount rate of 5%.

  Influence peoples decision-making regarding fuel efficiency

How might you use information about design concepts to help you make future decisions? For example, when reading studies reported in newspapers or magazines how will the nature of the study influence your decisions to either take action or change you..

  Negative externality

A negative externality:

  The current price floor in the agricultural lettuce market

The current price floor in the agricultural lettuce market is $1 per head. The price floor makes it such that the price of lettuce is 25% higher than equilibrium price and 100 heads of lettuce are demanded at the price of $1. Assuming that the elasti..

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