What are the factors that drive demand and supply in the Airbnb sector, illustrate with the aid of labelled diagrams

Please discuss this statement: “a drought around the world raises the total revenue that farmers receive from the sale of grain, but a drought only in Queensland reduces the total revenue that Queensland farmers receive”. Explain the characteristics of demand and supply that determine changes in total revenue, considering different time periods.

The average ticket price for a concert at the opera house was $30. The average attendance was 5000. When the ticket price was raised to $33, attendance declined to an average of 4700 persons por performance. What should the ticket price be to maximize revenue for the opera house? (Assume a linear demand curve.) To maximize revenue, the price should be $ por ticket. (Type an integer or decimal rounded to two decimal places as needed. Simplify your answer.)

Please see attachment and type out the correct answer ASAP with proper explanation of it.will give you thumbs up only for the correct answer. Thank you.

The table below provides elasticity estimates, use them to answer the questions that follow. ​ Type of Elasticity     Estimate  Price elasticity of demand for uber rides      -1.20 Price elasticity of demand for taxis     -0.60 Cross-price elasticity of demand for uber and taxis     0.50  Income elasticity of demand for uber rides     0.95 Price elasticity of supply for taxis     0.40    Which of the following is true?    a.    Uber rides are a normal good and taxis are a substitute for ubers    b.    Uber rides are an inferior good and taxis are a substitute for ubers    c.    Uber rides are a normal good and taxis are a complement for ubers    d.    Uber rides are an inferior good and taxis are a complement for ubers

Demand Assignment Turn in hard copy at the beginning of class on Tuesday (02/06). It will be easier to draw the graphs by hand as opposed to electronically but be sure they are legible and to scale. Use the following demand schedule for a market for oranges to answer the following questions. Price ($/1b) Quantity Demanded (1000 lbs) 50 40 30 20 10 0 0 1 2 3 4 5 1. Plot the demand curve. 2. Suppose average incomes in this market increase. Illustrate how this will impact the oranges market. Label the 'new' curve. 3. New scenario. Suppose the price of apples decreases. In a new chart, illustrate how this will impact the oranges market. 4. Provide another specific example of a factor that would increase the demand for oranges. 5. Provide another specific example of a factor that would decrease the demand for oranges.

Can you help me, to understand this question?

Consider the market for Caribbean cruises. In the wake of the COVID-19 pandemic, the cruise companies take the following actions. First, they implement testing and tracing programs to limit the potential of COVID outbreaks on ships to occur and to spread. Second, they engage in widespread advertisement of their new and state of the art safety precautions. Using a generic model of supply and demand, show and describe how you would expect these initiatives would affect the market for cruises. Be sure to explain why which curves are shifting, and discuss changes to market equilibrium.

What does it mean by inelastic supply

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