Pick one event that occurred in a certain market and explain how that could affect/shift the...

Pick one event that occurred in a certain market and explain how that could affect/shift the supply and/or demand curve. What would be the resulting equilibrium price and quantity?

Solutions

Expert Solution

The best example of recent activity of demand and supply in the market is the effect of current Covid19 pandemic

it affects the whole world by affecting more than 15,00,000 people

it also affect the demand and supply chain

due to less demand by the consumers it causes fall in the GDP ,as GDP is the sum of consumption ,investment, government spending and net export

but due to this novel Covid19 the demand has gone down which causes the shift of demand curve to the left
supply is also decreased but not much like the demand

it is shown by the graph below

Rahul Sunny answered 1 year ago

Next > < Previous

Related Solutions

Discuss a major world event and how it could affect financial markets? Expand on the Corona...

Discuss a major world event and how it could affect financial markets? Expand on the Corona virus Compare these two elements Public perception of the event VS Actual Facts of the event (For example how increase in fear caused by media can unnecessary trigger the financial markets)

Example of an non-tariff barriers cases. -Describe in detail how the event occurred, how it was...

Example of an non-tariff barriers cases. -Describe in detail how the event occurred, how it was handled, and how it affected both parties. -Basic points: time, case bodies, dispute issue, conclusion.

Explain how the following statements affect the supply of orange juice. Indicate whether the event causes...

Explain how the following statements affect the supply of orange juice. Indicate whether the event causes an increase/decrease in supply or an increase/decrease in the quantity supplied. Show graphically. a) Florida, “The Sunshine State”, experiences a devastatingly cold winter. b) Thepriceofplasticdecreases. c) The government mandates that all orange juice producers must provide child care for their employees

Pick a market and think of a scenario (i.e. some kind of "shock") that will affect...

Pick a market and think of a scenario (i.e. some kind of "shock") that will affect supply or demand in that market (but don't actually tell your classmates what will happen to supply, demand, equilibrium price or quantity!). The challenge for your classmates will be to take your scenario, figure out the shock affects supply or demand and what will happen to the market equilibrium price and quantity. So, to re-iterate. You should make a post to setup your scenario...

Describe how a poison could affect the electron transport system in cellular respiration. Explain how it...

Describe how a poison could affect the electron transport system in cellular respiration. Explain how it happens, the result, and give an example. Be specific but can you also dumb it down.

Describe how changing one amino acid in an enzyme could affect the function of that enzyme....

Describe how changing one amino acid in an enzyme could affect the function of that enzyme. Be sure to include in your answer how this change could affect the various levels of protein structure and function. Be specific with a concrete example of the change e.g. hydrophobic amino acid for a hydrophilic amino acid, or an ionic amino acid for a neutral amino acid. (Terms you want to include in your answer- active site, lock and key model or induced...

Explain how the market demand curve for a normal good will shift (ie left, right or...

Explain how the market demand curve for a normal good will shift (ie left, right or no shift in each of the following cases? What then will happen to the equilibrium price and quantity? a) The price of a substitute good falls b) The price of a complementary goods falls c) The price of the good decreases d) Tastes shift away from good

Using the money market/foreign exchange market diagram, briefly explain how the AA curve will shift when...

Using the money market/foreign exchange market diagram, briefly explain how the AA curve will shift when there is an increase in money supply.

explain what X inactivation is in Calico cats and how it could affect gene expression in...

explain what X inactivation is in Calico cats and how it could affect gene expression in a multicellular organism.

Pick one of the following companies or suggest your own and explain how they are supporting...

Pick one of the following companies or suggest your own and explain how they are supporting their cloud infrastructure by describing their web farm facilities. Apple Microsoft Google Amazon IBM Highlight any IS and why they chose those particular IS or features.

Subjects