Why perfect market does not exist? Please explain.

No written by hand solution Suppose pasta salad is a normal good. What will happen if the price of pasta (a major ingredient in pasta salad) increases and income also increases?

In each problem, you must explain the scenario’s effect on the market. If the quantity supplied or the quantity demanded changes, state how (increase or decrease). If one of the curves shifts, state why and the direction it shifts (left or right). You should then state the effect on price (increase or decrease). 1. Your product was declared one of "Oprah's Favorite Things." 2. You grow cotton and Eli Whetney just invented the cotton gin. 3. A hurricane is predicted to hit the rich coffee growing areas of Colombia. You sell coffee.  4. Congress just passed a tax credit for energy effiecent home improvements. You sell solar panels.  5. Soldiers comes home from WWII, get married, and need housing for their familes. You build houses.

In each problem, you must explain the scenario’s effect on the market. If the quantity supplied or the quantity demanded changes, state how (increase or decrease). If one of the curves shifts, state why and the direction it shifts (left or right). You should then state the effect on price (increase or decrease). 1. Your patent runs out on your popular and necessary drug. 2. Amazon has picked your small town to be their new worldwide headquarters. 3. The country is going into a recession. You sell jewelry. 4. The price of TVs just decreased by 20% Please help me answer these questions

Explain as completely as you can what an economist means by supply?

Consider the market for new houses.  If the price of lumber increases significantly, explain the effect of the change on the market equilibrium for new houses.  Use the 4 step process in your answer. View keyboard shortcuts

Jonathan likes apple pie. He reads on the internet that 30 percent of the Alabama apple crop was destroyed by a hurricane. It is predicted that the price of apples will rise by 35 percent in three months. As a result, Jonathan's demand for apple pie will increase in three months. shifts left today. decreases as he looks for a substitute good. increases today. a. b. C. d. A a B b D с d

Sales of masks are skyrocketing due to the coronavirus, leading to rationing and price hikes. describe the change(s) in the market environment that takes place, how it impacts prices, quantity demanded and supplied, and how the market settles at a new equilibrium.

In each problem, you must explain the scenario’s effect on the market. If the quantity supplied or the quantity demanded changes, state how (increase or decrease). If one of the curves shifts, state why and the direction it shifts (left or right). You should then state the effect on price (increase or decrease). 1. You grow cotton and Eli Whetney just invented the cotton gin. 2. A hurricane is predicted to hit the rich coffee growing areas of Colombia. You sell coffee.  3. Congress just passed a tax credit for energy effiecent home improvements. You sell solar panels.  4. Soldiers comes home from WWII, get married, and need housing for their familes. You build houses. ANSWER QUESTIONS 1-4

Write the goods market equilibrium conditions/equations and draw the graph of market equilibrium.