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- 9. The effect of relative prices and substitutes on demand- examples. 10. Mortgage rates and demand for housing - how interest rates affect demand for real estatea You are given the following information about the Limassol District: Number of households 2022: 148,100 Total residential stock 2022: 159,059 units Based on the above data, calculate the expected gap between demand and supply in number of housing units in Limassol in 2022. Show clearly and explain any calculations and/or assumptions you make to support your answer. Also, explain the state of the market represented by the result of your calculation (oversupply, balance, excess demand) and how house prices should move in 2022 asaLesult of this situation. b. Based on the figures given in (a) what will be the vacancy.rate in the Limassol housing market. in 20222 Clearly show and explain your calculations.5. There is expectations of higher future prices in the oil and energy market. P Demand .... Supply : ...... Equilibrium Quantity:....... Equilibrium Price : ......
- 1. What Will Happen to QD, QS, D, S, P, and Q if Toyota, GM, and Ford increase production of windshields due to higher demand expectations?What are four non-price determinants of demand that are assumed constant, and that when changed, cause a shift in the demand curve? O A. Number of buyers, Tastes & Preferences, Income, Price of Related Goods O B. Number of Sellers, Technology, Taxes & Subsidies, Consumer Confidence OC Technology, Taxes & Subsidies, Price of Alternative of Production O D. Business Taxes, Expected Rate of Return, Real Interest Rates, Stock of Capital Goods4. Movements along versus shifts of demand curves Consider the market demand for wine. Complete the following table by indicating whether an event will cause a movement along the demand curve for wine ar a shift of the demand curve for wine, holding all else constant. Event Movement Along Shift A change in the expectations of consumers about prices A decrease in the price of beer (a substitute for wine) A decrease in the price of wine
- 6. Consider the following demand function for 'X-caliber beer. Qx 100 – 5Px -.51 where Px is the price of a 6 pack of the product and L is the annual income (in *000's of dollars). If Px = $6.00 and I = $20, which of the following can you conclude? Profits would rise if the price was increased. b. X-caliber beer is a cyclical good. c. Total revenues would fall if price was increased. d. X-caliber beer is a normal good. а.4. Movements along versus shifts of demand curves Consider the market demand for cereal. Complete the following table by indicating whether an event will cause a movement along the demand curve for cereal or a shift of the demand curve for cereal, holding all else constant. Event Movement Along Shift A change in the expectations of consumers about their future income A decrease in the number of consumers An increase in the price of cerealBudgetary slack is when budget numbers are challenging but include achievable levels of expected performance intended to create a little discomfort, yet stretch targets are the practice of of underestimating revenues, overestimating costs, or overestimating time in order to make the budget targets more easily achievable. True O False
- what makes a product premium???? 1. What makes Mutti premium? 2. Present the business environment and the competition 3. Advantages and disadvantages of each course of actionHello I need help with that question plz and thanks Suppose that you won the lottery and received $50 million cash after all taxes were paid. 1. Would your preferences change as a result of this fortunate event? Why or why not? 2. Now that money is largely not a constraint to you achieving your dreams, what constraints would you still face? 3. With regard to price elasticity of demand, would this increase in wealth change the elasticity for goods you consume on a regular basis? Why or why not?Supply: -35 + 35P Demand: 205 -25P Where P is the price of good = {1,2,3,4,5,6,7,8} a. Plot and determine the equilibrium price. b. Find the point and arc elasticities of demand when prices are increasing c. Find the point and arc elasticities of demand when prices are falling d. Discuss your results