User Account

All Pages

What will happen to the market equilibrium price

Assignment Help Microeconomics
Reference no: EM131503541

Assignment

Suppose that there is a market for Christian books in California. A series of strong earthquakes occurred in 2017, causing landslides, fires, building and roadway collapse. At the same time, a lot of people died or lost their homes. How do you think this disaster will affect the demand of Christian books in 2017? What will happen to the market equilibrium price and quantity of Christian book in 2017, as opposed to those in 2016? Discuss this using the concept of change in demand or/and supply.

Reference no: EM131503541

Questions Cloud

Ability of behavioral investing to enhance performance : What does the early evidence on the ability of behavioral Investing to enhance performance tell us? Please cite recent academic literature.
Discuss importance of market for foreign-currency exchange : Discuss the importance of the market for loanable funds and the market for foreign-currency exchange to the achievement of the strategic plan.
Write a static java method : Write a static Java method that takes a two dimensional array of doubles as a parameter.
Entered a string that looks like a reasonable : Your code should ask the user to enter their first name and should then verify that the user entered a String that looks like a reasonable first name.
What will happen to the market equilibrium price : What will happen to the market equilibrium price and quantity of Christian book in 2017, as opposed to those in 2016?
Describe a policy change for which you could advocate : Describe a policy change for which you could advocate. Be sure the policy change would bring about a health-related behavioral and/or a cultural change.
Analysis of environment in which your business will operate : Having now completed a major analysis of environment in which your business will operate you will need to prepare Part 2 of your International Business Report
Emergency department for suture removal : A patient presents to the emergency department for suture removal. The surgery was performed 2 weeks ago.
Result in the dissolution of a partnership : Which of the following will result in the dissolution of a partnership?

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd