problem, Microeconomics

Assignment Help:
For each of the following scenarios, you use a SS & DD diagram to demonstrate the effect of a given shock on equilibrium price and quantity in specified competitive market. Explain whether there is a shift in DD curve & SS curve, or neither. If there is a shift, what would be the direction?
a. Let us assume an unexpected temporary hot weather hits Dhaka City. Show the effect in the ice cream market in Dhaka City.
b. Suppose City Mayor introduces a temporary tax on ice cream which is paid by producers. Is there any effect in the ice cream market? If so, what is the effect in the ice cream market?
c. Suppose Bangladesh is the major producer of garments in the world. Let us say, after Rana Plaza incident, workers of garments industry in Bangladesh decided to go on strike. Show the effect on the market for Bangladesh garments.
d. Show the effect of the situation described in (c) on the market for immediate competitor of Bangladesh, Indian garments industry.
e. Suppose the government imposes a price cap on sugar. Show the effect in the
Sugar market

Related Discussions:- problem

Profit maximizing quanitity, how do I determine the profit-maximizing quant...

how do I determine the profit-maximizing quantity of a firm for different market prices when only given TFC, TVC, and the market price

Theory of consumer surplus, THEORY OF CONSUMER SURPLUS: We discuss the...

THEORY OF CONSUMER SURPLUS: We discuss the basic concept of consumer surplus and its derivation. A consumer normally pays less for a commodity than the maximum amount that she

Selective in exports, Selective in Exports: There are many industries ...

Selective in Exports: There are many industries where India has an advantage because of relatively lower costs of all forms of manpower whether it is professional or factory l

Economic growth, Summarize the four supply factors in economic growth.

Summarize the four supply factors in economic growth.

Price, hi i need price,cross and income elasticity of toyota corolla car. ...

hi i need price,cross and income elasticity of toyota corolla car. its only small part of the assignment topic so its need around 500 words. thanks ishwor

Estimating the educational structure, Estimating the Educational Structure ...

Estimating the Educational Structure of the Labour Force in the Economy for the Target Year The educational levels of persons within each occupational structure for the base y

Explain elasticity coefficient, The elasticity coefficient is a number meas...

The elasticity coefficient is a number measured using price and quantity data to verify how responsive consumers are to changes in the price of a commodity.  The elasticity coeffic

Nash equilibrium, Define Nash equilibrium and explain with the help of the ...

Define Nash equilibrium and explain with the help of the game ''prisoner''s dilemma''.

Optimal consumption bundle and marginal utility per dollar, What is the opt...

What is the optimal consumption bundle and marginal utility per dollar? The optimal consumption bundle is the consumption bundle which maximizes a consumer's total utility sp

Write Your Message!

Captcha
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