Can you please exlain to me if I'm wrong not just correct me. ps. Ceteris paribusor the following markets, show whether change causes a shift in supply curve, a shift in demand curve, a movement along the supply curve, and/or a
You are given a pair of equations, one representing a supply curve and the other representing a demand curve, where p is the unit price for x items. 80 p + x - 380 = 0 and 84 p - x - 40 = 0 Identify which is the supply curve and
Could you please check these thanks. Directions: Supply can decrease and increase depending upon several factors. Also you must put if that factor increase/decreases amount of supply, if the supply curves to the left/right, and if
It has been estimated that the world demand for wheat can be represented by thefunction P = 80 - 2Q. It has been further found that the countries supplying thismarket have marginal cost curves which when summed together are given
If an industry is highly profitable, new firms are likely to enter the market. This would be reflected with a shift of the A- demand curve to the right B-supply curve to the right C-supply curve to the left D- demand curve to the
I just want to have a further or simple explanation on supply and demand curve, when do we say that the supply curve or the demand curve is ambiguous? It is when you have determined if it is an increase or decrease. Can you cite
Could you check these please thanks. A --------- is a graph showing the quantities supplied at each possible price. A. Supply Schedule B. Law of supply C. Supply Curve D. Market Supply Is the answer C??
For a typical negative externality market graph, with Demand curve (also labelled private value), and supply curve (private cost) and a social cost curve above the supply curve. What is the optimal quantity that maximizes total