In the figure, the supply curve that includes external costs is O A. neither S₁ nor S₂ because the curve would be horizontal. B. S₁. O C. S₂. O D. neither S₁ nor S₂ because the curve would be vertical. Price P₂ P₁ Q₁ 52 Q₂ S₁ D
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- The cost of producing flat-screen TVs has fallen overthe past decade. Let’s consider some implications ofthis fact.a. Draw a supply-and-demand diagram to show theeffect of falling production costs on the price andquantity of flat-screen TVs sold.Not yet an Ashley bakes bread that she sells at the local farmer's market. If the price of flour doubles, the Select one: O a. demand curve for Ashley's bread will incerease. O b. supply curve for Ashley's bread will increase. O c. supply curve for Ashley's bread will decrease. O d. demand curve for Ashley's bread will decrease.Producers are willing to increase production athigher prices to increase profit.Select one:O a. FalseO b. True
- This Figure shows the supply curve for lemonade. A decreases in the price of lemonade is shown by Price $1 Quantty O A. Shift, back and to the left, from S1 to S O B. Movement from point "B" to point "A" O C. Shift, out and to the right, from S to S1 O D. Movement from point "A" to point "B"Which of the following will not cause the supply curve to shift? Select one: O a. Change in producers' expectations. O b. Change in technology. c. Change in wages. O d. Change in consumer tastes. Check Nex 4 Solutions Jump to... HW Unit 4 DUE March ed in as Ashli-Amari Bent (Log out) -2021/SPRING/DAY MacBook ProWhen might the supply curve for microwave ovens shift? Select one: a. only when production technology changes. O b. only when the number of sellers of microwave ovens changes. Oc. when a determinant of the supply of microwave ovens other than the price of microwave ovens changes. O d. when any determinant of the supply of microwave ovens changes. O e. Only if the price of steel increases.
- What offect would an increase in the cost of materials used to produce cars have on the supply of cans? O Increase O DecreaseThe supply curve for some good is Qs = -10 + P. The demand curve for the same good is given by Qp = 70-3P. What are the coordinates of equilibrium in this market? Select one: a. P 15, Q = 22 O b. P = 20, Q = 10 O c. P 38, Q = 15 O d. P = 25, Q = 11 age Next page nit 5 Jump to... HW Unit 5 DUE March 10 ► aged in as Ashli-Amari Bent (Log out) 1-2021/SPRING/DAY on summary mohile ann acBo Search or type URL15.Over time, housing shortages caused by r ent control AREA MAJID A increase, because the demand and su PAREA MAJID pply curves for housing are more inela stic in the long run. MAJID B decrease, because the demand and s MAJID upply curves for housing are more inel astic in the long run. C change very little since price is not all owed to adjust. AD D increase, because the demand and su pply curves for housing are more elas tic in the long run.
- 14. Demand for factors of production is A. O Derived demand B. O Joint demand C. O Composite demand D. O None of the aboveFigure 4-10 7 Quantity Refer to the Figure 4-10. What would cause the movement from point A to point B on the graph? Select one: O a. an increase in technology O b. an increase in the price of the good O C. a decrease in input prices O d. a decrease in the price of the goodSuppose that the price of basketball tickets at yourcollege is determined by market forces. Currently, thedemand and supply schedules are as follows:Price Quantity Demanded Quantity Supplied$4 10,000 tickets 8,000 tickets 8 8,000 8,000 12 6,000 8,000 16 4,000 8,000 20 2,000 8,000a. Draw the demand and supply curves. What isunusual about this supply curve? Why might thisbe true?b. What are the equilibrium price and quantity oftickets?c. Your college plans to increase total enrollmentnext year by 5,000 students. The additional students will have the following demand schedule:Price Quantity Demanded$4 4,000 tickets 8 3,000 12 2,000 16 1,000 20 0Now add the old demand schedule and thedemand schedule for the new students tocalculate the new demand schedule for theentire college. What will be the newequilibrium price and quantity?