ools ips ips QUANTITY (Crates of avocados) Suppose the following graph shows the market supply for avocados. An influx of migrant workers leads to a decrease in the wages of avocado pickers. Show the impact of the decrease in farm-hand wages by shifting the supply curve on the following graph. PRICE (Dollars per crate) Supply QUANTITY (Crates of avocados) 11 Supply

During the 1990s, Dell Computer Company adopted a lean production process, a manufacturing process that reduces inefficiencies without reducing production. As a result, Dell became one of the largest PC manufacturers in the world. Consider what impact the adoption of lean production techniques likely had on Dell’s supply curve for PCs. Show the impact in the graph below by shifting the supply curve or moving the point along the curve. * the graph is on the picture

The market for wool in the economy of Odessa is shown in the table below (note that quantities are given in tonnes per year).   Price ($) 100 200 300 400 500 600 700  Quantity demanded 160 140 120 100 80 60 40  Quantity demanded 2                Quantity supplied 10 20 30 40 50 60 70  Quantity supplied 2                 find quantity demanded 2 and quantity supplied 2 from the above table

The accompanying supply and demand graph represents a hypothetical market for spaghetti pasta. Demonstrate how an increase in the price of penne, a different type of pasta, and a decrease in the price of meatballs will affect the supply and demand of spaghetti pasta. Assume that producers of spaghetti pasta do not also produce penne. Price Market for Spaghetti Pasta Quantity S D

Early in 2011, the world price of copper reached a record high of over $10,000 per ton. Two events appeared to lie behind this high price. First, China’s rapid economic growth and the massive building of infrastructure. Second, an explosion closed a major Chilean port used for shipping a substantial fraction of the world’s copper output. Use a demand-and-supply diagram to illustrate these events in the copper market and explain how each event shifts either the demand curve or the supply curve.

Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool 80 Market for Teapots 72 A-Z I Price (Dollars per teapot) Supply 16 64 Quantity Demanded Quantity Supplied (Teapots) 56 310 100 (Теароts) 48 40 32 Demand 24 16 50 100 150 200 250 300 350 400 450 500 QUANTITY (Teapots) teapots bought and sold per month. per teapot, and the equilibrium quantity is A The equilibrium price in this market is S Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus, and whether this places upward or downward pressure on prices. MacBook Air F10 PRICE (Dollars per teapot)

The price of haircut re e try rose significantly, but Anton decided he could get alone with the same number of workers (i.e. he did not raise his supply) What might happen as a result?

Suppose that clothes workers at a certain factory accept a pay cut of $3 per hour. (a) Draw a graph to show how this would affect the market for clothes. (b) Why does this shift occur? How does that affect the equilibrium price and quantity

Italians call for 1-day pasta strike In 2007, the price of durum flour rose by 20 percent. Seventy percent of pasta is durum flour. Italians will soon be paying 20 percent more for pasta. Italian consumer groups called for a one-day boycott of pasta in grocery stores, as a way of showing their unhappiness with the price increase. Source: The New York Times, September 12, 2007. What is the effect of the rise in the price of durum flour on the market price of pasta? The graph shows the market for pasta before the price of durum flour rose. Draw a curve to show the effect of the higher price of durum flour on the market for pasta. Label it. Draw a point at the new market equilibrium. Animation Etext pages Get more help. 1.80- 1.60- 1.40 1.20- Price (dollars per pound) 1.30 ........ D Clear all S 140 1.00+ 100 110 120 130 140 150 160 170 180 Pasta (thousands of pounds of pasta per week) >>> Draw only the objects specified in the question. Q Check answer ) (1) 1)XX (1) (1) '1)

Use a supply and demand graph to show the impact of the following on the equilibrium price and quantity. Apple requires buyers of Apple laptops to purchase an expensive warranty service contract and at the same time workers at the laptop factory are more productive.