A supply-demand graph can be described as having a demand curve that begins in the upper left and slopes downward to the lower right; and having a supply curve demand decreases.

Using words in a narrative, please describe and explain how both the equilibrium price and quantity will change when:

a) Only supply decreases
b) Only supply increases
c) Only demand increases
d) Only demand decreases

What accounts for the rapid expansion of the Arabs after the rise of Islam in the early seventh century? Provide specific examples.

In Village A, one farmer, i.e., one unit of labor, can produce either 10 bottles of wine (W) or 2 bottles of olive oil (O). In Village B, one farmer can produce either 5 bottles of wine (W) or 15 bottles of olive oil (O). For now, the two villages are in a state of “autarky” and do not trade with each other or with anyone else. People in Village A consume 100 bottles of (W) and 20 bottles of (O), while people in Village B consume 50 bottles of (W) and no bottles of (O).

a)  How much labor is required per bottle of (W) and per bottle of (O) produced in each village? How many farmers does each village have? Explain your answer. [Mark: 0.5]

b)  Each village decides to specialize in the good in which it has comparative advantage. How much is the increase in the aggregate production of each good in the two villages relative to autarky? Explain your answer. Note: aggregate production means the sum of the production levels in the two villages. [Mark: 1.0]

c) The two villages decide to trade freely with each other. Assume that after free trade each bottle of (W) is worth 1.5 bottles of (O). At this price they trade 50 bottles of (W) between them. How many bottles of (W) and of (O) does each village consume? Explain your answer. [Mark: 1.0]

Write a very short essay on Turkish development problems by building on the "classical theories".

Q1.You are given the following information about the economy of Freedonia. The country produces 10 of X with PX=1 and 4 of Y with Py=2 in year 1. In year 2, the country produced 12 of X with PX=.5 and 6 of Y with Py=3. Based on this information answer the following 2 questions. In Freedina, considering year 2 as the base year, the CPI in year 1 is Select one:

a. 110

b. 73

c. 100

d. 80

e. 105

Q2 Based on the information about the economy of Freedonia "Q1" , the GDP deflator for years 1 and 2 is Select one:

a. 100 and 105

b. 105 and 106

c. 100 and 106

d. 106 and 100

e. 100 and 100

Q3.  Based on the information about the economy of Freedonia "Q1" In freedonia, real GDP in years 1 and 2 is Select one:

a. 24 and 24

b. 24 and 18

c. None of the above

d. 17 and 24

e. 18 and 24

Firms that have market power can apply the mixed bundling strategy to increase their profits. Some researchers claim that even if a firm does not have any market power, i.e., even in a competitive market, firms can use mixed bundling (for example, those small restaurants/fast food restaurants located in the shopping malls). Explain why and how firms in competitive markets may apply mixed bundling. Provide a numerical example to prove your case.

I don't want explanation , I just want a correct answer, Very quickly.

12- If the slope of the consumption function is equal to one, then
Select one:
a. The multiplier is undefined
b. The multiplier is smaller than one
c. The multiplier is just one
d. The multiplier is larger than one
e. None of the above

11- If the nominal interest rate 8% and expected inflation 5%, the expected real interest rate in year t is approximately
Select one:
a. 5%.
b. 11%.
c. 3%.
d. 8%.
e. 2%.

09- For the Palestinian Economy, the largest component of GDP is
Select one:
a. Government
b. Consumption
c. Net invetsment
d. Gross investment
e. Net exports

08- Euro otes and coins replaced European national currencies in the year
Select one:
a. 1999
b. 1995
c. 1957
d. 2002
e. 2005

07- Based on wage setting behavior, we know that a decrease in the unemployment rate will cause
Select one:
a. an increase in the real wage.
b. a downward shift in the price setting curve
c. no change in the real wage.
d. an upward shift of the WS curve.
e. a reduction in the real wage.

Nike was sued by Adidas for infringing on their patent for running shoes. The CEO of Nike is confident that they will win the case, but the firm is spending $1 million per year on this litigation and it will go on for 4 more years. The interest rate is 5%. Suppose Nike wants to stop dealing with the distraction, how much would Nike have to pay an external firm to take full responsibility of the case? Assume that Nike’s legal department is as equally productive as an outside firm and that the market for outside legal help is perfectly competitive. Also assume that the payment for legal services will be made at the beginning of each year.

1.Example where consumers are okay with monopolistic companies in tech space as there is no high prices charged which makes consumers worse off .

2. Have Netflix/Google not exploited monopoly benefits so far making them trustworthy brands ? State the example and source.

3. Give an example where government protected monopoly leads to profit maximisation and charges exorbitantly higher prices with government autocracy making it least efficient.

Compare the monopoly firm to competitive firm in all of their aspects.

b) Suppose that you are the manager of a bank that has K15 million of fixed-rate assets,
K30 million of rate sensitive assets, K25 million of fixed-rate liabilities, and K20
million of rate-sensitive liabilities. Conduct a gap analysis for the bank, and show what
will happen to bank profits if interest rates rise by 5 percentage points. Mention three
actions you could take to reduce the bank’s interest-rate risk?
c) A bank manager wants to know what happens when interest rates rise from 10% to 11%.
The total asset value is K100 million, and the total liability value is K95 million. The
bank manager gets a figure for the average duration of the assets of 2.70 years and an
average duration of liabilities of 1.03 years. Calculate the change in the market value of
the assets and liabilities.