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1)A student who takes the Introduction to Economics I course states that he can only spend 12 hours a week studying and that he wants
1)A student who takes the Introduction to Economics I course states that he can only spend 12 hours a week studying and that he wants to get a high grade from the Introduction to Economics I course in order to graduate with a good knowledge of economics. At the same time, our friend is interested in the Basic Concepts of Law course and wants to learn this course well. Explain what this friend has to do in order to raise the grade he will get from Introduction to Economics I with the help of Production Possibilities Curve.
2)
Show the effect of each event below on the demand curve, supply curve, equilibrium price and equilibrium quantity on the graphs. Consider that the two situations given in each option occur simultaneously (together, at the same time).
a. For the hamburger menu in the fast food restaurants on the University Street; Situation 1: Red meat prices increase. Case 2: Due to the epidemic, university students continue their education from their places of residence. Note: Plot your graphs for this option, provided that the increases or decreases in supply and demand are of the same magnitude. b. For the bookstores in bakrky; Case 1: People prefer to listen to audiobooks on digital platforms. Case 2: Using synthetic paper reduces book printing costs. Note: Draw your graphs separately for this option, according to the cases where the shift in supply and demand is of the same magnitude and the change in supply is greater than the demand. c. For stalls selling imported bananas in the neighborhood market, Case 1: The price of the local banana has decreased. Case 2: Banana imports (import) decreased due to increased transportation costs. Note: Draw your graphs separately according to the cases where the change in supply and demand for this option is the same and the change in demand is more than the supply. In the light of this information, you are expected to draw a total of five graphs within the scope of this question.
. As you know, market equilibrium occurs when supply and demand curves intersect. There may be some exceptional cases in which there is no market balance and therefore price. Consider two examples of this situation and explain on separate graphs. (Hint: For which goods there is supply but there may not be demand, how is the situation for free goods?)
can you more detailed explain pleaseeee
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