Show the impact of the increase in government purchases on the interest rate by shifting one or both of the curves on the following graph ? INTEREST RATE 1 10 w N Money Supply Money Demand Money Demand Money Supply
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- The following graph shows the market for loanable funds in a closed economy. The upward-sloping orange line represents the supply of loanable funds, and the downward-sloping blue line represents the demand for loanable funds. INTEREST RATE (Percent) 10 9 8 7 3 2 1 0 0 100 Supply Demand 200 300 400 500 600 700 800 LOANABLE FUNDS (Billions of dollars) 900 1000 ?4. Supply and demand for loanable funds The following graph shows the market for loanable funds in a closed economy. The upward-sloping orange line represents the supply of loanable funds, and the downward-sloping blue line represents the demand for loanable funds. INTEREST RATE (Percent) 6 5 4 32 1 0 0 100 Supply 200 300 400 LOANABLE FUNDS (Billions of dollars) Demand 500 600 4The bar graph below shows the percentages of income spent on food (i.e., the portion of a consumer's budget devoted to food spending) and the elasticities of demand (in absolute value) for several countries' residents. [Click on the bar graph to open a PDF viewable version in another tab.] Malawians Haitians Bangladeshis Indians Brazilians Koreans. Greeks Italians Australians French Canadians Americans Percentage of Income spent on Food 17% 15% 14% 12% W 31% 28% 35% 40% X 56% Elasticity of Demad 66% 81% 75% According to the bar graph, which of the answer choices is correct? Malawians spend less money on food than Australians. French spend less money on food than Brazilians. Bangladeshis spend a larger percentage of their income on food than Americans. O Canadians spend a larger percentage of their income on food than Koreans
- The graph below shows the effect of a decrease in economic activity on themoney market using a graph. Please describe this graph in detail using 2-3 paragraphs.A popular brand of decorative clay floor tile is priced at $7 per square until a surge in supply forces the price, for a short time, down to $3. Drag the appropriate curve(s) to show the effect of the price drop. To refer to the graphing tutorial for this question type, please click here. Price ($) 16 15 S1 14 13 12 11 10 7 7 6 5 4 DLR 3 2 7 DSR Quantity (thousands)The following table shows the annual demand and supply in the market for shorts in Philadelphia. TTT Price Quantity Demanded Quantity Supplied (Dollars per pair of shorts) (Pairs of shorts) (Pairs of shorts) 1,375 250 12 1,125 500 18 1,000 625 24 750 1,125 30 625 1,500 On the following graph, plot the demand for shorts using the blue point (circle symbol). Next, plot the supply of shorts using the orange point (square symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for shorts. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 36 30 Demand Supply Equilibrium 250 500 750 1000 1250 1500 QUANTITY (Pairs of shorts) PRICE (Dollars per pair of shorts) 24
- Discuss clearly how the following items may affects the change in demand. Population change Prices of related goods Expected future prices, income, and creditThe table below lists the prices and quantities consumed of three different goods from 2018-2020. 2018 2019 2020 Good Price ($) Quantity Price ($) Quantity Price ($) Quantity A 12 10 16 18 5 B 5 18 3 30 4 25 1 10 2 10 a. For 2018, 2019, and 2020, determine the amount that a typical consumer pays each year to purchase the quantities listed in the table above. Instructions: Round your answers to the nearest whole number. 2018 2019 2020 Consumer expenditure $ $ $ Instructions: Round your answers to one decimal place. b. The percentage change in the amount the consumer paid is % from 2018 to 2019, and % from 2019 to 2020. c. It is problematic to use your answers to part b as a measure inflation because (Click to select) v Instructions: Round your answers to one decimal place. d. Suppose we take 2018 as the base year, implying that the market basket is fixed at 2018 consumption levels. Using 2018 consumption levels, the rate of inflation was| % from 2018 to 2019, and % from 2019 to 2020.…Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool Market for Goods 250 I Quantity Demanded (Units) 225 25 200 Demand Price (Dollars per unit) 125.00 150 125 100 75 Demand 50 25 10 15 20 25 30 35 40 45 50 QUANTITY (Units) On the graph input tool, change the number found in the Quantity Demanded field to determine the prices that correspond to the production of 0, 10, 20, 25, 30, 40, and 50 units of output. Calculate the total revenue for each of these production levels. Then, on the following graph, use the green points (triangle symbol) to plot the results. (? 3130 2817 Total Revenue 2504 2191 1878 1565 1252 939 626 313 10 15 20 25 30 35 40 45 50 QUANTITY (Number of units) Calculate the total revenue if the firm produces 10 versus 9 units. Then, calculate the…
- For the following exercise, refer to the graph of the coffee market described on the right portion of your screen. Event: The future price of coffee is expected to escalate. In the graph of the coffee market (using the line drawing tool) show how the demand curve will change as a result of the event described above. Label the new demand curve 'D₂'. Note: if you are not prompted for a label, then you have used the wrong drawing tool. For the following exercise, refer to the graph of the coffee market described on the right portion of your screen. Event: Reports suggest coffee causes insomnia. In the graph of the coffee market (using the line drawing tool) show how the demand curve will change as a result of the event described above. Label the new demand curve 'D₂'- Note: if you are not prompted for a label, then you have used the wrong drawing tool. ← Price per kg Price per kg Quantity of coffee per week (millions of kgs) D₁ Quantity of coffee per week (millions of kgs)Discuss how the demand and supply for a particular product/s have changed in the last 2-3 years. Discuss the product, and how one or a few of its determinants of demand and supply has changed in the last few years. You can use a diagram to illustrate your response. Also, discuss how the price of that product and the equilibrium quantity has changed due to changes in the demand and supply for that product.: Dana received good news from her parents with the increase of her school allowance, so she spends more money on pretzels every week. How can you explain this with a graph? This is an example of a shift in Dana's demand curve. She has a permanent increase in her income, so she begins to buy more, even though the prices haven't dropped.
