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Can you explain how positive and negative supply shocks affect
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- What do price level changes affect when dealing with demand and supply curves?Discuss clearly how the following items may affects the change in demand. Population change Prices of related goods Expected future prices, income, and creditwhat happens to the market price for rental cars as a result of the demand shock
- What are the main factors affecting equilibrium in goods market (Demand and supply)? Explain both beneficial and adverse shocks.Explain how we can use the Supply and Demand Model to explain price and quantity fluctuations in real life.Explain the dynamic effect by taking "Oil Prices and Inflation" as an example?
- The new home market tends to be highly cyclical. Prices and home sales depend on the broader economy, including interest rates and personal income, among many other factors. Determine the affect of each of the following on the market for new homes including new home sales and the price of new homes. While you do not need to turn in a supply and demand diagram, you may wish to still draw one to assist you in answering the following questions. Mortgage interest rates increase Select one: a. Quantity increases and price increases b. Quantity increases and price decreases c. Quantity decreases and price increases d. Quantity decreases and price decreasesThe new home market tends to be highly cyclical. Prices and home sales depend on the broader economy, including interest rates and personal income, among many other factors. Determine the affect of each of the following on the market for new homes including new home sales and the price of new homes. While you do not need to turn in a supply and demand diagram, you may wish to still draw one to assist you in answering the following questions. Mortgage interest rates increase Select one: a.Quantity increases and price increases b.Quantity increases and price decreases c.Quantity decreases and price increases d.Quantity decreases and price decreases A robust economic expansion raises personal incomes Select one: a.Quantity increases and price increases b.Quantity increases and price decreases c.Quantity decreases and price increases d.Quantity decreases and price decreases There is a shortage of copper pipes and wiring. Select one: a.Quantity increases and price increases b.Quantity…Explain what would happen in the following markets given the following demand or supply shocks. In your answer clearly state what happened to supply or demand (whether it increased or decreased) and what would likely happen to the equilibrium price and quantity as a result, other factors constant. Market: Electric vehicles. Shock: Due to the recently enacted CHIPS Act, there is a significant decrease in the price of U.S. semiconductors, which are used as an input in the production of electric vehicles. Market: In home exercise equipment. Shock: Due to the waning concerns around the COVID-19 pandemic and loosening restrictions, U.S. consumers go back to gyms and public recreational centers. Market: U.S. Cotton. Shock: There is a significant drought in the Southwestern U.S., where the majority of U.S. cotton is grown. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for…
