Suppose the market for bottled water and the market for soft drinks both have large numbers of buyers and sellers. Which of these markets is likely tobe more competitive?

Julius owns 100 acres of Florida orange orchards. Currently, he and other orange farmers are experiencing economic losses. As a result, Group of answer choices market supply will decrease and the price of oranges will fall. some farmers with leave the market and the price of oranges will rise. all the farmers should shut down in the long run. some farmers will leave the market and the farmers that stay will decrease their quantity produced.

The restaurant industry is highly competitive. The pandemic has likely reduced the demand for restaurant meals. It has also likely raised the fixed costs of a typical restaurant (because owners have needed to reconfigure seating and install new ventilation systems). a)What will these two developments do to the equilibrium price and quantity in the market for restaurant meals? b)What will these two developments do to the number of meals produced and the profits of a typical restaurant in the short run?

The figures below show (on the left) two possible demand curves and (on the right) two possible supply curves in the perfectly competitive hamburger market. Price per hamburger 0 A B D₂ D₁ Hamburgers per month Price per hamburger 0 Select one: a. Movement along D₁ from Point A to Point B. b. Demand shifts from D₁ to D₂. F c. Movement along S₁ from Point F to Point G. d. Demand shifts from D₂ to D₁. G Hamburgers per month Assume that people consume either hamburgers or hot dogs. What will be the result of a decrease in the price of hot dogs? Hint: Are hamburgers and hotdogs complements or substitutes? S₂ S₁

The market for paperback detective novels is perfectly competitive. Suppose we have identical book readers, and each individual book reader's demand for paperback novels is given by P=123-5Q. We have 337 book readers in the market. What is the market quantity demanded when the price of a paperback novel is $23. Enter a number only. Remember, fractions of goods are possible.

Suppose that improved technology lowers the cost of manufacturing skis. What effect would this have in the market for skis?

Define the term Market Trend?

Use the following graph: The graph below pertains to the supply of paper to colleges and universities. price quantity Refer to the graph above. All else equal, an increase in the price of pulp input used in the paper production process would cause a move from: Oy to x O SA to SB Ox to y O SB to SA

The market for paperback detective novels is perfectly competitive. We have two types of consumers in the market- Regular and Occasional readers. Each Regular reader's demand curve is given by P=74-2Q. Each Occasional reader's demand curve is given by Q=94-6P Suppose there is only 1 reader of each type. What is market demand when market price is $59? Enter a number only. Remember, fractions of goods are possible.

At the exact same time as the very cold winter in France wiping out most of the crop of Pinot Noir grapes in Burgundy France, Oregon wine producers faced their own challenge. A new labor agreement with their workers' union has increased wages and raised wine producers' marginal cost of producing Pinot Noir. In the graph below, click on the new equilibrium point in the market for Oregon Pinot Noir that reflects both simultaneous changes. P 0 S S p" p