Macroeconomics would be concerned with     a) the effects of wage increases on steel manufacturers.       b)the effects of a tax on beer.     c)the effects on individual consumers of changes in the price of gasoline for a business.     d)implications of changes in unemployment and inflation

You will draw a Supply and Demand diagram, and then do some additional things. Please follow the directions carefully. To begin, you will make some decisions, by answering for yourself these questions: What is the product (good) or service? What is the time period over which we are measuring, e.g., units sold per day, week, or month (don't go beyond month)? What is the geographic area we are looking at? Common choices might be: the city of …, the county of…, the state of…, the U.S. , the world. What is the range of possible prices you want to include? This could be from zero to some higher number. What is the range of possible quantities you want to cover? This will be a function of the product, the population, and the time period. These parameters can be made up, but should bear some connection to reality. EXAMPLE My product is plain white athletic socks, one pair. My time frame is one week - so the number of pairs sold in a week. My geographic area is the whole U.S., - so the…

Please note that the bold red and blue lines below demonstrate the quantity versus price relationship for supply and demand in normal circumstances for a particular product. Note: The horizontal axis is quantity, and the Vertical axis is price. 2900 2800 2700 2600 2500 2400 2300 2200 2100 2000 1900 1800 1700 1600 1500 1400 1300 1200 1100 1000 900 800 700 600 500 400 300 200 100 0 -Curve A -Curve B 0 Supply and Demand Curves: →→ Curve C 5 10 15 20 25 30 35 40 --Curve D ---Curve E -Curve F 45 50 55 60 65 70 75 80 85 90 95 100 105

For each of the events described below, sketch a supply and demand graph that illustrates the event. Be sure to properly label all curves and relevant points in your graph. In the area to the left of your graph, explain why you think your graph is correct. In that area, also answer the questions asked. (a) E-cigarettes. Multiple credible reports are published detailing the adverse health effects of e-cigarettes (vaping). This is new information: the e-cig industry had been basing its advertising around alleged health benefits of e-cigarettes over tobacco products. What is the effect on the price of e-cigarettes? On the quantity of e-cigarettes sold per month?

Due to several supply-chain issues the price of computer chips has risen in recent months (this part is true and there is no need to prove it to be so). The result of this change would be to increase the price of automobiles that require many computer chips in their manufacture.Explain why above statements is True, False, or Uncertain according to economic principles. Use diagrams where appropriate.

Scenario 1: The economy enters a recession driving down the demand for homes nationwide.

Question 2: Price Floors Use the tools of economic analysis to evaluate the following statement: "Higher wages help everybody. Workers are helped because they can now purchase more of the things they need. Business is helped because the increase in workers' purchasing power will increase the demand for products. Taxpayers are helped because workers will now pay more taxes. Union activities and legislation mandating a higher minimum wage will promote еconотіс progress."

Note: this is an economics question. *What were the policy responses used to combat the shortage of hand sanitizer, masks and disinfectant products during the covid-19 pandemic? *Explan.

How would [1] a decrease in the price of flour and [2] an improvement in technology of pizza making would affect the market price and quantity of pizza, other things remaining constant? The price of pizza would drop and the equilibrium quantity would rise. The price of pizza would drop but the impact on the equilibrium quantity is uncertain. The equilibrium quantity of pizza would rise but the impact on price is uncertain. Both the price as well as the equilibrium quantity of pizza would rise.

How can I solve task 9?