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Q: equilibrium
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What can you do to alleviate food insecurity? Cite 5 possible realistic solutions about the matter.
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- explain demand and suply theory on rising food prices in poor countries.what would happen to supply, demand and price if there was a shortage of candy in HK at Halloween? What happens after Haloween ?Assume there is a positive relationship between aging and cholesterol levels. As the world population ages, will the demand for cholesterol drugs increase, decrease, or remain the same? Would this cause a change in demand or a change in quantity demanded?
- How can we use the Supply-Demand model to predict what is likely to happen to the price of alcohol in the future ?Consider a market for Ice Cream an inferior good in Pakistan. For each of the given events, identify which of the determinants of the demand or supply are affected. Also indicate whether demand or supply increase or decreases. Then draw a diagram to show the effect on the price and quantity of Ice Cream, solve all the parts and subparts. i. News reports claim that the consumption of Ice Cream is good for the health of coronavirus patients. ii. There has been a decline in wages of all employees in Pakistan due to the third wave of coronavirus. iii. People in Pakistan decide to have more children. iv. Students of NED University develop new automated machinery for the production of Ice Cream. v.There has been a decrease in people’s income due to COVID-19 crisis. i News reports claim that the consumption of Ice Cream is good for the health of coronavirus patients. Identify which of the determinants of the demand or supply are affected. Also indicate whether demand or supply…Does supply increase/decrease? No, the change in the price of landline phoneservice does not affect any of the nonprice determinants of supply. The supplycurve stays where it is.
- What might a producer do if consumers stopped purchasing their goods? Provide an example of this occurrenceHow can a free-market eliminate shortages?Qd Qs 4.75 Price of Coffee ($ per 4.5 cup) 4.25 4 3.75 3.5 3.25 2.75 2.5 2.25 2 1.75 1.5 1.25 1 0.75 0.5 0.25 2. 25 1. 3. 4. 6. 00 Quantity of coffee, thousands of cups 1.5 4.5 6.5 9.5