How to draw a graph to show the demand for face masks in the USA against the coronavirus? How to draw a price ceiling graph to show government intervention to stop the high prices on masks sales?
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How to draw a graph to show the demand for face masks in the USA against the coronavirus?
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- Show what happens to the supply or demand curve in each of the following situations (only ONE curve will shift). Make sure to label all curves and markets, and show what happens to equilibrium price and quantity. Given the market for SPAM, what would happen if there is an economic boom and incomes of most consumers increased.Imagine that the government wages a major war on illicit drugs. Assuming that at the point of initial market equilibrium demand for illicit drugs is ELASTIC, what should happen to the amount of money that the drug dealers are getting from selling the drugs if the government measures are successful and the supply of illicit drugs at the market drops? The amount of money received by the drug dealers goes down The amount of money received by the drug dealers does not change The amount of money received by the drug dealers goes upIf a new flu vaccine is approved, what will happen to the equilibrium price and quantity of the current available flu vaccines?
- Listen to thisLinks to an external site. podcast about the market for human organs. https://www.npr.org/2008/05/21/90632108/should-we-legalize-the-market-for-human-organs Initial Response: Is there currently a surplus or shortage of human organs available for transplant? Using the demand/supply framework, explain how legalizing the trade for human organs will help move the market towards an equilibrium. Reply: Add to your original response by answering this question. What other product/market do you think should be legalized (or one that is currently legal and should not be) and why?What are the pros and cons of a price ceiling on facial masks/ personal protective equipment ?Differentiate between demand-side market failures and supply-side market failures.
- The pandemic has upended the way New Yorkers dine out: There are sidewalk tables, open streets, streeteries, and barely anyone eating indoors. Now, as the weather gets colder, there are also plastic bubbles out on sidewalks, too. A video of the dome-shaped tents on a West Village street went viral this week, prompting questions of how safe they are, not to mention just what they are. Bubbles of various sorts have shown up around the country since restaurants began to ease into this new, strange era of dining out. […] But the igloolike tents can also get costly and require strict sanitation measures, and some health experts question how safe they actually are. … the big question: Are these things safe? Along with sanitation protocols, most restaurants use flameless candles inside the bubbles in hopes of avoiding any melt-y fires (PVC is toxic when it burns). But the biggest concern is of course the reason for the bubble in the first place, COVID. Dr. Abraar Karan is an internal…Since humans have two kidneys, you could sell a kidney and still live a long, healthy life. Given that there is such a demand for organs, do you think we should allow individuals to sell their organs like kidneys? Who do you anticipate would be most likely to sell their organs and who are the most likely to buy organs? Do you foresee any unintended consequences of legalizing the sale of organs?The following graph shows equilibrium in a free market, with equilibrium quantity of QE. PRICE QUANTITY Supply Demand For any level of output below QE, a buyer values a unit of goods in this market S the unit will cost a seller. Suppose now that a firm that produces for this market hires a private security force, reducing crime not only in their factory, but also in the small town in which it is located. This is an example of due to