If both demand and supply change, and if we know which direction they have shifted but not
Question:
If both demand and supply change, and if we know which direction they have shifted but not how much, why is it that we will be able to predict the direction in which either price or quantity will change, but not both? Consider the four possible combinations and sketch them if necessary:
(a) D left, S left;
(b) D right, S right;
(c) D left, S right;
(d) D right, S left.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 45% (11 reviews)
a D left S left If D moves left and S also moves l...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Why is it important to be able to predict the forces or powers required to perform specific forming processes?
-
If both demand and supply increase, but demand increases more than supply does, what happens to price?
-
Why is it that first-level supervisors usually spend more time managing ineffective performance than do C-level executives?
-
A solid of constant density is bounded below by the plane z = 0, on the sides by the elliptical cylinder x 2 + 4y 2 = 4, and above by the plane z = 2 - x. a. Find x and y. b. Evaluate the integral...
-
Using the diagram you created in question 5, calculate ES,EF, LS, LF for each task and the amount of slack. List the tasks that appear on the critical path. In questions 5 Task A, duration 2, no...
-
1. If z = x2 - xy4y3, find zxyx. 2. If z = x3 - 4x2y + 5y3, find zyyx.
-
As a member of a project team, why does your mere existence in an organization suggest change? AppendixLO1
-
One hundred kilomoles of a feed composed of 25 mol% n-butane, 40 mol% n-pentane, and 35 mol% n-hexane are flashed at steady-state conditions. If 80% of the hexane is to be recovered in the liquid at...
-
Question 2 of 20. What is the estate's net capital gain or loss from Schedule D?
-
You are in-charge of a small department and have three subordinates Yogesh, Pawan and Kapil. The key to the success of your department is to keep these employees as motivated as possible. Here is a...
-
For what reasons might the price of foreign holidays rise? In each case, identify whether these are reasons affecting demand, supply, or both.
-
If you were the owner of a clothes shop, how would you set about deciding what prices to charge for each garment at the end-of-season sale?
-
Consider the following account balances (in thousands) for the Shaler Corporation: Required 1. Prepare a schedule for the cost of goods manufactured for 2014. 2. Revenues (in thousands) for 2014 were...
-
Beginning with Eq. (11.16), prove that Data from Eq. 11.16 Data from Eq. 11.21 where we have defined D8 = - 3 2 F = FiFi T = F + F + F Y = F8. 3 Show that this leads to Eq. (11.21) with the...
-
Consider the light bulb that is the object in Figure 33.28. If you move the bulb to the left, does the image shift left, shift right, or stay in the same place? Data from Figure 33.28 (a) The three...
-
Two models of light emitted from a light bulb are illustrated in Figure P33.5. (a) Describe the difference in the behavior of light in each model. (b) Describe an experiment that can determine which...
-
Parallel red and green laser rays are incident on a glass slab as shown in Figure P33.24. Sketch the rays as they pass through the slab and after they have entered the air to the right of the slab....
-
Consider the following five operations: constructing a luxury cruise ship, operating a casual dining restaurant, staging a professional sports match, manufacturing a patented drug, and rescuing...
-
What is the price-recovery component?
-
In Exercises delete part of the domain so that the function that remains is one-to-one. Find the inverse function of the remaining function and give the domain of the inverse function. f(x) = 16x4 -3...
-
The natural rate of unemployment is a. the socially optimal level of joblessness. b. the level of joblessness the economy reaches in the short run. c. the amount of joblessness that cannot be reduced...
-
(1 point) Bill makes annual deposits of $1900 to an an IRA earning 5% compounded annually for 14 years. At the end of the 14 years Bil retires. a) What was the value of his IRA at the end of 14...
-
Which of the following concerning short-term financing methods is NOT CORRECT? Short-term bank loans typically do not require assets as collateral. Firms generally have little control over the level...
-
Kingbird Corporation is preparing its December 31, 2017, balance sheet. The following items may be reported as either a current or long-term liability. 1. On December 15, 2017, Kingbird declared a...
Probability Random Variables And Random Signal Principles 3rd Edition - ISBN: 0070492735 - Free Book
Study smarter with the SolutionInn App