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I want the answer of the last subpart that is J.
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- If the price of sodium-sulfur batteries decreases, the price of lithium batteries willIf ten books are sold when the price is $80 and twenty books are sold when the price is $60. What is the equation for the demand and draw the graph!Cinnamon Toast Crunch cereal and Trix cereal are considered substitute goods. Because of this, one would predict that, holding all else constant, if the price of Cinnamon Toast Crunch cereal increases, we would see
- Given the following information,when price is 100ksh the quantity supplied is 45units and when the price increases to 250ksh the quantity supplied is 60 units.Derive the function that depicts the law of supplyPeople are more likely to notice the decrease of 2 Jordanian Dinars in the price of an olive oil bottle than they would notice with the decrease of 0.50 Jordanaina Dinar in the price of the same brand. This illustrates:Changes to Supply, Quantity Supplied, Demand, and Quantity Demanded Using the table, for each line item and its associated column, describe how the market for each specific product will be affected by the associated event indicating whether it will rise, fall, or no change. For example, in the first line item for the market of corn, based upon the event of a severe drought, the price will either rise or fall or no change, demand curve will shift left (fall) or right (rise) or no change, supply curve will shift left (fall) or shift right (rise) or no change, quantity demanded will rise, fall, or no change, and quantity supplied will either rise, fall, or no change. Event Market for: Price Demand Curve Supply Curve Quantity Demanded Quantity Supplied A severe drought hits the Midwest corn growers Corn The U.S. government reduces taxes on imported lumber New Home Building The federal government raises the minimum…
- What happens to the equilibrium price and quantity when demand decreases and at the same time supply increases, but the demand shift is relatively larger than the supply shift? Plot the graph to show your answer.In the following questions, give all your answers to two decimals. Patrice works as an economist for the Bureau of Labor Statistics (BLS). Her current project is to estimate the effect of changes in income, prices of related goods, and the price of potatoes on the demand for beef. Patrice has the following data: Price elasticity of demand for beef -0.80 Income elasticity of demand for beef + 1.40 Cross-price elasticity between beef and chicken +1.20 Cross-price elasticity between beef and potatoes -0.50 Suppose the price of beef rises by 8%. All else equal, the quantity of beef demanded would fall by %.Pundits often complain about gasoline price increases at the pump during periods of market oil price increases, stating that the gasoline at the gas station was purchased prior to oil market price increases. “Why should gas that is purchased and held in inventory, prior to market price increases, be increased in price? Price gouging!” are typical comments.
- why is it possible to have a 150% increase in price but not a 150% decrease in price?If television sellers expect the prices of televisions to fall in the future, we are likely to see the price:Agis Homes is one of the largest builders of new homes in the U.S. As the economist for Agis Homes, you have forecast the following for the year 2022: The price of lumber used to construct homes will increase by 25% The economy will come roaring back and personal income will increase by close to 10% Assume that the prices of new homes are determined by supply and demand. Assuming everything else is held constant: If both of these impacts occur at the same time, what do you expect to happen to the equilibrium price and quantity of new homes? Use demand and supply analysis to help explain your answer.
