Question

In: Economics

1- In the space below each of the following, indicate the effect [increase (+), decrease (−)]...

1- In the space below each of the following, indicate the effect [increase (+), decrease (−)] on equilibrium price (P) and equilibrium quantity (Q) of each of these changes in demand and/or supply.

                                                                                                                 P                                 Q

(a) Increase in demand, supply constant             ________               ________

(b) Increase in supply, demand constant             ________               ________

(c)   Decrease in demand, supply constant           ________               ________

(d) Decrease in supply, demand constant           ________               ________

Solutions

Expert Solution

Rahul Sunny answered 1 year ago
Next > < Previous

Related Solutions

Indicate the effect (increase, decrease, no change, or not enough information) that each of the following...
Indicate the effect (increase, decrease, no change, or not enough information) that each of the following situations has on break-even unit sales. If you answer “not enough information,” list the information that you need in order to be able to deter-mine the effect. (a) A retail company purchases price tags to use in place of the stickers it has used in the past. (b) An athletic equipment store leases more retail space. (c) A bakery increases its advertising expense (d)...
For each of the following indicate the expected effect (e.g. increase, decrease, remain unchanged, etc.) in...
For each of the following indicate the expected effect (e.g. increase, decrease, remain unchanged, etc.) in the presence of significant multicollinearity: Coefficient estimates: Standard errors of the estimated coefficients: t-statistics: R-squared: Name two possible solutions if you detect multicollinearity in a regression.
Indicate the effect of the following transactions by showing whether there is an increase, decrease or...
Indicate the effect of the following transactions by showing whether there is an increase, decrease or no effect on the Assets, Liabilities and Owner’s Equity. Do NOT Indicate the specific accounts affected by each transaction. Purchased shares in another company for greater than their book value Purchased inventory on credit Issued additional shares for cash Declared dividends Sold inventory on account Collected cash from creditors Paid for inventory purchased on credit Paid wages in cash Recorded depreciation on equipment Repaid...
Indicate the effect each account has on retained earnings. (increase, decrease, or no effect) a)advertising expense...
Indicate the effect each account has on retained earnings. (increase, decrease, or no effect) a)advertising expense b)Service revenue c) Insurance expense d) Salaries & Wages Expense e) Dividends f) Rent revenue g) Utilities Expense
In each of the following scenarios, indicate whether the unemployment rate will increase or decrease. a....
In each of the following scenarios, indicate whether the unemployment rate will increase or decrease. a. The government increases income tax rates   (Click to select)   increase   decrease   uncertain b. The government repeals a law that made it difficult to fire workers   (Click to select)   increase   decrease   uncertain c. There is an increase in the percentage of workers who are unionized   (Click to select)   increase   decrease   uncertain d. The number of weeks workers are entitled to unemployment benefits falls   (Click to...
In each of the following scenarios, indicate whether the unemployment rate will increase or decrease. a....
In each of the following scenarios, indicate whether the unemployment rate will increase or decrease. a. The government increases income tax rates  (Click to select)  increase  decrease  uncertain b. The government repeals a law that made it difficult to fire workers  (Click to select)  increase  decrease  uncertain c. There is an increase in the percentage of workers who are unionized  (Click to select)  increase  decrease  uncertain d. The number of weeks workers are entitled to unemployment benefits falls  (Click to select)  decrease  increase  uncertain e. More firms begin to pay efficiency wages  (Click to select)  increase  decrease  uncertain f. The...
What effect will each of the following have on the demand for hamburgers? (increase, decrease, or...
What effect will each of the following have on the demand for hamburgers? (increase, decrease, or no effect) a. Hotdogs become more expensive (while the price of hamburgers stays the same).                           ___ ___________ b. The price of hamburgers falls.                                                             ______________ c. Income declines and hamburgers are an inferior good.                                                           ______________ d. The price of French fries (which people eat with hamburgers) falls.                                                     ______________ 2- What effect will each of the following have on the supply of fast...
Show the effect on price (increase, decrease, no effect): Show the effect on price (increase, decrease,...
Show the effect on price (increase, decrease, no effect): Show the effect on price (increase, decrease, no effect) for each of the following situations under three form of market efficiency Situations Situations Weak Semi-Strong Strong The WSJ publishes that Landmark Inc. declared a dividend of $1 per share Landmark Inc. board members decide in a closed door meeting to open a new factory in Taiwan Your broker in NYSE tells you that Landmark Inc. CEO is going to declare retirement
Yield to Maturity (YTM). Indicate whether each of the following actions will increase or decrease a...
Yield to Maturity (YTM). Indicate whether each of the following actions will increase or decrease a bond YTM: (5 points) 1a. The bond’s price increases. b. The bond is downgraded by the rating agencies. c. A change in the bankruptcy code makes it more difficult for the bondholders to receive payments in the event the firm declares bankruptcy. d. The economy seems to be shifting from a boom to a recession. e. Investors learn that the bonds are subordinated to...
For each of the following events, indicate the accounts affected, whether they would increase or decrease,...
For each of the following events, indicate the accounts affected, whether they would increase or decrease, and the amount by which they would change. Also demonstrate that the accounting equation will remain in balance after these effects are reported. If the event should not to be recorded as a transaction, state so. A. Borrowed $7,000,000 cash, signing a promissory note. B. Bought a factory for $800,000, paying $200,000 in cash and signing a promissory note for $600,000. C. Rented equipment...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT