True/False: Every point on the IS curve represents an equilibrium in the Goods and Service market (i.e. the output market). O True False

How can we explain the lower flat section and the upper flat section of the Relative Supply (RS) curve?

18. The two graphs below show the markets for orange juice and apple juice, which are initially in equilibrium: Orange Juice Price P₁ Q1 Quantity per period D Apple Juice Price P₁ QI Quantity per period D S a) Show what will happen to the prices and quantities traded of both products if a severe frost in Florida were to seriously damage the orange crop. b) Briefly explain your answer.

Could someone help me with this? Thanks so much.

● . Assume in a simple example that two changes occur simultaneously in an economy which produces "Good X". The economic changes that occurs in the market are: 1) An increase in the cost to produce "Good X", and 2) An increase in income for consumers who purchase "Good X". Assume that this is a competitive market, what will happen to the market selling price and the market quantity that is bought and sold in the market for "Good X"? Finally real life

24. Suppose that more security guards become aware that wearing Kevlar (bulletproof) vests can protect them from injury and decide to start wearing Kevlar. At the same time, the price of materials used to produce the vests falls. The equilibrium price of Kevlar vests produced a. increases; increases b. decreases; decreases c. probably changes, but in an ambiguous direction; probably changes, but in an ambiguous direction d. probably changes, but in an ambiguous direction; increases and the equilibrium quantity

Attempts Do No Harm / 1 7. Movements along versus shifts of supply curves Consider the market supply of peanut butter. Complete the following table by indicating whether an event will cause a movement along the supply curve for peanut butter or a shift of the supply curve for peanut butter, holding all else constant. Event Movement Along Shift An increase in the price of peanut butter A change in technology that makes it less costly to produce peanut butter A decrease in the price of peanuts (used in the production of peanut butter) Grade It Now Save & Continue Continue without saving

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 Market for Teapots 100 I Price (Dollars per teapot) 90 20 Supply 80 Quantity Supplied (Teapots) Quantity Demanded 190 310 70 (Teapots) 60 50 40 Demand 30 20 10 50 100 150 200 250 300 350 400 450 500 QUANTITY (Teapots) The equilibrium price in this market is $ per teapot, and the equilibrium quantity is teapots bought and sold per month. 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. Price Shortage or Surplus Amount (Dollars per teapot) Shortage or Surplus (Teapots) Pressure 40 60 PRICE (Dollars per teapot)

Now let's say 8 is still at 4, however, 4 is now at 2 for equilibrium, How would I go about calculating the increase?

EOC 5.04 Which of the below would likely cause the equilibrium price of pencils to rise and the equilibrium quantity of pencils to fall? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a The price of erasers rises (a complement in consumption). b The price of pens rise (a substitute in consumption). The price of lead rises (an input into pencils). d Consumers' income rises (assuming pens are a normal good).