diagrammatically show and explain how oil prices dropped as concerns over fuel demand in the near term in covid-19 pandemic hit europe and the united states.

Supply and Demand: End of Chapter Problems 9. Adjust each graph to show the indicated change. In each graph, click on the line or its midpoint to see the options. a. An increase in quantity demanded b. A decrease in demand Quantity Question Source: Chiang 4e- Economics Princidles FoHA Changing World Publisher: Worth 11:06 PI 65°F 10/13/20 Price

examples of a small business using open innovation practices to address the challenge they faced during the covid-19 pandemic?

b. How much moral hazard results from this type of insurance IF the supply curve is flat, that is, if horizontal at P = $10,000 per stay, regardless of how many? HINTS: %3D will need to bring out geometry skills to answer this problem. Moral nou hazard equates to the extra (unnecessary quantity). 10,000 100 1000 1200

Problem 12-05 (Algo) A risk-neutral consumer is deciding whether to purchase a homogeneous product from one of two firms One firm produces an unreliable product and the other a reliable product At the time of the sale, the consumer is unable to distinguish between the two firms’ products From the consumer’s perspective, there is an equal chance that a given firm’s product is reliable or unreliable The maximum amount this consumer will pay for an unreliable product is $0, while she will pay $210 for a reliable product a Given this uncertainty, what is the most this consumer will pay to purchase one unit of this product? $ b How much will this consumer be willing to pay for the product if the firm offering the reliable product includes a warranty that will protect the consumer? $ Problem 12-04 You are the manager of a firm that sells a “commodity” in a market that…

It may be helpful if you illustrated your own graphs on a piece of paper to help you answer this question. Please provide your answers to this question directly below in the space provided. Please number your answers according to the corresponding letter of each question. Qd Qs Price (Gas) (Gas) $.075 65 $1.50 60 15 $2.25 55 25 $3.00 50 35 $3.75 45 45 $4.50 40 55 $5.25 35 65 a. Using the information above, briefly describe how you would illustrate equilibrium? In other words how would you draw the equilibrium market for gas. b. Briefly describe the changes to supply and demand as a result of the government's decision to eliminate excise taxes imposed on gas production that pay for highway maintenance and environmental conservation, while simultaneously, in the market for electric vehicles, the price of electric vehicles significantly declines. Assume the effect due to the price of electric icles is greater. c. As a resut of the elimination of excise taxes only, the Qd of gas and Qs of…