Price D $1 D1 D2 Quantity per period Refer to the above graph to answer this question. What could cause the movement from point A to point D? Select one: OA. An increase in the demand. B. A decrease in prices of resources. OC. A decrease in the price. D. An increase in the price of a substitute product. E. An increase in the price of a complementary product.
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- vSuppose that supply and demand for a certain commodity are described by the supply curve, p=0.0001q+0.005 , and demand curve, p=-0.002q+62.00 . Determine the quantity of the commodity that will be produced and the selling price.As an Economics student you have been analysing the price movements of differentproducts. You note the following two price relationships:a. When there is a drought the price of maize rises.b. When the price of potatoes increases, the price of bread also increases (bread is asubstitute for potatoes).Use demand and supply diagrams to explain these two relationships. Please note: Twodiagrams are required, one for maize and one for bread.The relationship between two substitute products are always A. Positive B. Negative C. No relationship D. None of the above
- What is the relationship between TR, Price and quantity sold?Consider the market gold, if people expect a lower future price of gold. Change in demand? Change in supply? Change in market equlibrium price? Change in market equlibrium quantity? Graph?"Standard tickets for Beyonce’s Renaissance tour went on sale in the UK for a price of£56 in February 2023. Many fans complained about receiving constant errormessages and being stuck in long on-line queues of more than 500,000 people." What is the relationship between the price of a ticket and the quantity of tickets demanded by consumers, and how does this affect the market for Beyonce's Renaissance tour? (Include diagram)
- If there is a decline in the price of milk, an input in the production of ice cream, then there will be a(n) Part 2 A. increase in the quantity of ice cream supplied and a movement down along the supply curve. B. decrease in the supply of ice cream and a leftward shift of the supply curve. C. decrease in the quantity of ice cream supplied and a movement up along the supply curve. D. increase in the supply of ice cream and a rightward shift of the supply curve.Due to fall in cost of making bicycle, the price of bicycle had gone down. What changes will we see in the demand curve of bicycle.J Assignment Score: 28.7% VResources Lx Give Up? E Feedback Try Again Question 36 of 36 Ø Attempt 1 The graph describes the market for imported chocolates. Manipulate the supply or demand curve to show how an increase in the cost of sugar impacts the graph. Market for Imported Chocolates 10 9 S 8 What is the new equilibrium price and ğuantity? 7. 6 P = $6,Q = 6 P = $4, Q = 5 OP = $6,Q = 4 3 OP = $4, Q = 6 D 1 Incorrect 2 4 5 6 8 9 10 If price were not allowed to adjust to the new equilibrium price, what would occur in this market? Incorrect O surplus Qª = Q° shortage with Qª < Q° MAR
- Please do not give solution in image format thanku Which of the following would be considered a dependent demand item? a. Shoes b. Microchips used in automobiles c. Microwave Oven d. PaintStandard tickets for Beyonce’s Renaissance tour went on sale in the UK for a price of£56 in February 2023. Many fans complained about receiving constant errormessages and being stuck in long on-line queues of more than 500,000 people. Inresponse to these negative comments a spokesperson for Ticketmaster, thecompany in charge of selling the tickets, stated that:‘There was never going to be enough tickets to meet demand’Using demand and supply analysis, discuss this comment paying particular attentionto the potential implications for: the existence of a secondary ticketing market andallocative efficiency. Explain the impact of different assumptions about sorting inyour answer.II. Determine the effect on equilibrium price and quantity sold if the following changes occur in a particular market" ceteris paribus". Use the comparative static analysis.