PRICE LEVEL à a a P₂ LRAS C! B Y, Y₂ QUANTITY OF OUTPUT SRAS, SRAS, AD Refer to Figure 33-3. In Figure 33-3, point B represents a short-run equilibrium and a long-run equilibrium. short-run equilibrium, and Point A represents a long-run equilibrium. long-run equilibrium, and Point A represents a short-run equilibrium. long-run equilibrium, and Point C represents a short-run equilibrium.

You are a financial analyst with a specialization in the motion pictureIndustry. You have been hired to analyze the prices of movie theater tickets. The following two events are occurring simultaneously in the Ghana:A new national chain opens new multi-screen movie theaters in most cities in Ghana.Movie theaters cut the price of popcorn and soft drinks in half.Draw a demand-and-supply graph showing equilibrium in the market for movie tickets hefore the above two events took place. Label the axes and curves. Label the initial equilibrium — before events (i) and (ii) - as P,and Q, on your graph.b.Now show on your graph how event (i) affects the demand or supply curves for tone teres, Brelly explain which of the demand or supply variables caused the eftect you are showing on your graph.Now slow on your graph how event (il) affects the demand or supply curves for ovis Lesets. Brielly explain which of the demand or supply variables caused the effe you are showing on your graph.Based on your…

Many automobile manufacturers are finding that the costs of batteries used in making electric cars are becoming less expensive.  Based on this information, in the market for electric cars the supply curve would shift _______ causing the equilibrium price to _______. a. left, increase b. left, decrease c. right, decrease d. right, increase

For question D, what role does it play in supply function?

Starting from an equilibrium condition, consider an increase in income in a perfectly com-petitive market with a normal good. (a) Draw the MC, ATC and price level on the same graph before and after the change in income. (b) What will happen to the number of firms in the long-run? (c) If the number of firms change, what will happen to the short-run supply curve? (d) What’s the long-run production and price level. (e) Draw the long-run supply curve.

This problem continues from the previous one. On the graph the supply in the Rest of the World has shifted from Sstart to S2 and the market in the Rest of the World has moved to a new short run equilibrium at B. The price of Good A is P1 in the U.S. and P2 in the Rest of the World. Which answer choices are correct from the image bellow?

What is wrong with the following diagram of the short-run effect of a fall in the price of oil? P SRAS2 SRAS1 P2 P1 AD Q2 Q1 a This is a diagram with price on the vertical axis and quantity on the horizontal axis. There is an AD curve that slopes down and an SRAS1 curve that slopes up. Where the two curves intersect, there is a P1 marked on the vertical axis and a Q1 marked on the horizontal axis. There is a curve labelled SRAS2 that slopes up and is to the left of the SRAS1 curve. Where this SRAS2 curve intersects the AD curve, there is a Q2 on the horizontal axis and a P2 on the vertical axis. Q2 is to left of Q1 and P2 is above P1. O Nothing. O Instead of the SRAS curve shifting, the AD curve should shift right. O The SRAS should shift right. O Instead of the SRAS curve shifting, the AD curve should shift left..

16. Suppose over the next 10 years the technology associated with producing electric cars advances greatly while the number of buyers in the market increases only slightly.  This would mean that:   The price of electric cars would continue to fall. The price of electric cars would not change but quantity would increase. Quantity supplied would rise, prices would fall, and demand would increase due to the falling prices. The price of gas-powered cars would fall. A and D only.

QUESTION 11 If the demand equation is D(x) = 109 - 3.9x and the supply equation is S(x) = 6.3x + 35, find the equilibrium quantity. Click Save and Submit to save and submit. Click Save All Answers to save all answers. acer MADE IN USA MADE IN USA ADE IN USA

The graph below depicts the market for rice in the country of Shiva. Price ($) 10 8 4 2 0 2 4 6 8 10 Quantity per period (millions of kilos) S. 1 12 D₂ S₂