In economics, what amount does the demand for a good refer to? The amount people would like to have if the good were free. The amount people need in order to achieve a minimum standard of living. The amount people will buy at alternative income levels. The amount people will buy at various prices.

The demand for onions is very inelastic. Draw a supply/demand diagram that shows how the equilibrium price and quantity will change when a drought reduces supply.  Label the axes and the prices and quantities both before and after the supply change. Then, write a few sentences explaining what happened to prices relative to quantities and why.

Choose an article on a topic (product/good/service) that affects your daily life. Briefly tell us what your article is about. Which aspect of the article's discussion affects your daily life? What factors do you think are influencing the supply and demand of the product/good/service that is the subject of your article? Include the URL of the Web site where you found the article?

Which of the following is NOT a non-price factor that influences only demand? A. Income B. Number of buyers C. Expected Price D. Preferences

it is not 28.6

How would you use the theory of Demand and Supply to explain a historical event? Your answer needs to provide at least three paragraphs. The first paragraph identifies and explains in your own words the historical event. The second paragraph identifies the supplier and consumers in the historical event. The third paragraph explains how the supply and demand changed to explain the historical event.

In each problem, you must explain the scenario’s effect on the market. If the quantity supplied or the quantity demanded changes, state how (increase or decrease). If one of the curves shifts, state why and the direction it shifts (left or right). You should then state the effect on price (increase or decrease). 1. Your product was declared one of "Oprah's Favorite Things." 2. You grow cotton and Eli Whetney just invented the cotton gin. 3. A hurricane is predicted to hit the rich coffee growing areas of Colombia. You sell coffee.  4. Congress just passed a tax credit for energy effiecent home improvements. You sell solar panels.  5. Soldiers comes home from WWII, get married, and need housing for their familes. You build houses.

Draw a demand and supply graph, label all axes, and the equilibrium price and quantity. Once you have done this draw what would happen if there was a decrease in the number of buyers in the market

If the shopper would assume that the value of the glutathione will upsurge on the upcoming days, it will result to Select one: a. Decrease in supply in the next period b. Decrease in demand in the next period c. Increase in supply in the current period d. Increase in demand in the current period

The price of the commodity falls. What will happen to the quantity demanded and the quantity supplied for this commodity.