In which of these scenarios can government intervention improve outcomes beyond what the market could provide? Use class materials as your reference. Scenario A: House prices in a given area go very high due to skyrocketing demand for the area. Scenario B: Cigarette smokers get lung cancer from smoking cigarettes. Scenario C: Used car salesmen are able to sell cars with flaws that buyers can't identify for inflated prices. Scenario D: Fast food restaurants provide junk food to people who want to buy it. Scenario A Scenario B Scenario D Scenario C

What are the factors that caused shortages is supply and demand during the COVID-19 pandemic?

Price ($) 7 16154131211098765 17 432- 1 A H с D B E F G Multiple Choice S D 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 Quantity If the intended aim of the price ceiling set at $6, as shown in the graph, was a net increase in the well-being of consumers, then normative analysis would conclude that the policy was: There is no "right" conclusion to be reached (in a normative sense) because different people will have different opinions concerning what constitutes a better outcome. effective because the surplus lost by producers through lower prices is less than the surplus gained by consumers through lower prices. effective because the surplus gained by consumers through lower prices is less than the surplus they lost due to fewer transactions taking place. ineffective because the surplus gained by consumers through lower prices is less than the surplus they lost due to fewer transactions taking place.

A website offers a place for people to buy and sell emeralds, but information about emeralds can be quite imperfect. The website then enacts a rule that all sellers in the market must pay for two independent examinations of their emerald, which are available to the customer for inspection. a. How would you expect this improved information to affect demand for emeralds on this website? b. How would you expect this improved information to affect the quantity of high-quality emeralds sold on the website?

Suppose there are 100 consumers with identical individual demand curves. When the price ofa movie ticket is $8, the quantity demanded for each person is 5. When the price is $4, thequantity demanded for each person is 9. Assuming the law of demand holds, which of thefollowing choices is the most likely quantity demanded in the market when the price is $6? Group of answer choices  700 1,000 1,200 400

Many city governments provide transportation subsidies in the form of lowering the cost perride on public transit (e.g. buses or trains) to lower traffic congestion. According to the modelin this class, which of the following statements may be true about this type of transportationsubsidy? Do not worry about the underlying facts of each statement, only whether it makeseconomic sense given our model. (Select one or more.)(a) Subsidies decrease the number of drivers because transit and driving are substitutes.(b) Subsidies decrease the number of drivers because transit and driving are complements.(c) A subsidy is identical to a binding in-kind transfer.(d) The equivalent variation of a subsidy is greater than the cost of a bus/train trip.(e) The equivalent variation of a subsidy is less than the same size lump-sum transfer.(f) We can’t compute equivalent variation since congestion is an externality.(g) Transportation subsidies target low-wealth people because transit is an inferior…

Should individuals be allowed to price gouge following a disaster like a hurricane? Why or why not?

A website offers a place for people to buy and sell emeralds, but information about emeralds can be quite imperfect. The website then enacts a rule that all sellers in the market must pay for two independent examinations of their emerald, which are available to the customer for inspection. How would you expect this improved information to affect demand for emeralds on this website? How would you expect this improved information to affect the quantity of high-quality emeralds sold on the website?

What can a marketer do to positively influence a situation in which a consumer is ready to buy but has not yet done so?

Not a multiple questions