1.Draw anormal supply and demand model. The product for this supply and demand model is money/currency. Let's say the central bank authority or the government decides to print more money/currency. Using the supply and demand model, what would happen to the price/value of money/currency?

a.The demand for money/currency will increase and hence the price/value of the money/currency will decrease.

b.The demand for money/currency will increase and hence the price/value of the money/currency will decrease.

c.The supply of money/currency will increase and hence the price/value of the money/currency will decrease.

d.The supply of money/currency will increase and hence the price/value of the money/currency will increase.

2.Draw a normal supply and demand model. Apply a price ceilingin your supply and demand model. Analysis what happened to the quantity supplied and quantity demanded and choose the correct answer.

Group of answer choices

a.demand is greater than supply

b.quantity demanded is equal to quantity supplied

c.supply is greater than demand

d.quantity supplied is greater than quantity demanded

e.quantity demanded is greater than quantity supplied

f.supply and demand are equal

3.PARISFirst came the chickens, then the eggs.

For the third night in a row, French farmers smashed 100,000 eggs Friday, continuing their scramble to drive up flagging prices.

A collective of poultry farmers in the French region of Brittany is working together to scrap 5% of their egg yield every night this week in a cry for help to the French government.

The egg-smashing campaign comes just weeksafter the elimination of export subsidies for frozen chicken by the European Commission(Links to an external site.)

, the European Union's executive arm, prompted fears among Breton chicken farmers of severe job losses.

French farmers are struggling as the EU's agricultural policy is pushing farmers to respond more to market demand and the French government is abstaining from helping the farmers adapt to that change.

"We've had to destroy the fruit of our labor. It's not pleasant but we need to correct for this surplus," said Rodolphe Nicol, one of the roughly two dozen farmers staging the nighttime protests in Brittany, in the northwest of France.

So far, the vigilante egg producers have targeted a supermarket operated by German discounter Lidl and then local tax offices, dumping large crates of eggs outside and chucking some at windows.

The farmers are hoping to jettison enough of their supply for the market price to increase and meet higher costs, said Lucille Crupel, a spokeswoman for Brittany's chapter of the FNSEA agricultural union. The region accounts for 40% of France's egg production.

Question:Draw the scenario using a normal supply and demand model. From your analysis, what caused the price of eggs to decrease and hence hurt poultry farmers in Brittany, France?

Group of answer choices

a. an increase in the demand for eggs

b. a decrease in the supply of eggs

c. an increase in supply for eggs

d. a decrease in the demand for eggs

4.Draw a supply and demand model. The product is orange for orange juice. Scenario: The weather in Florida has been great for orange crop producers the past year. At the same time a leading health expert states that consuming more orange juice is very beneficial for your health. In fact, it is so good for your health that you will have the ability to have 0 backpain for the rest of your life, your hair color will not change, your bone density will be retained, and you'll have predicting powers that you'll be able to predict the winning lottery numbers and win $1,000,000,000.

I want you to draw the effects of this scenario with the demand curve shifting MORE than the shift in supply. I purposely didn't state in which direction these curves will shift. I want to see if you can translate these scenarios in a graph and analyze the effects.

Question: What happened to price after the shifting effect?

Group of answer choices

a. price decreased

b. price stayed the same

c. price increased

5.I bought this stack of bolivars from a students for about$30.00U.S. dollars equivalent. After abouta monththat same stack of bolivars was worth about$1.27.

Group of answer choices

a. The supply of bolivars increased which is shown as an outward shift in the supply curve.

b. The supply of bolivars increased which is shown as an outward shift in the demand curve.

c. The supply of bolivars decreased which is shown as an inward shift in the supply curve.

d. The supply of bolivars decreased which is shown as an outward shift in the supply curve.

e. The supply of bolivars increased which is shown as an inward shift in the supply curve.

f. The supply of bolivars increased which is shown as an inward shift in the demand curve.

6.A price floor is preferred to a price ceiling because a price floor will still have a market equilibrium after the price control is implemented.

a. True

b. False

7.You're an economic advisor the president of Zimbabwe. The Zimbabwean dollar increased in supply and due to this the value of their currency has fallen and the president of Zimbabwe does not understand why. Use your supply and demand model and provide a way to fix this problem. Since the supply increased, what should we do with the demand curve to maintain the value of the currency as where it was before the value started to decline?

Which statement is correct?

a. To maintain (neither increasing nor decreasing) the value of the currency, since the supply curve increased then we would need the demand curve to also INCREASE in the same magnitude as the supply curve.

b. To maintain (neither increasing nor decreasing) the value of the currency, since the supply curve increased then we would need the demand curve to DECREASE in the same magnitude as the supply curve.