Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Directions: Write below whether each factor will increase or decrease supply for the market listed, what determinant of supply caused the increase and decrease and
Directions: Write below whether each factor will increase or decrease supply for the market listed, what determinant of supply caused the increase and decrease and show the supply curve shift on the graph Scenario Determinant and Change Graph 9. Market: Shorts this month Increase or Decrease: P Scenario: Prices of shorts are expected to rise ROTTEN: Xi in the future. 10. Market: Strawberries this month Increase or Decrease: Scenario: Prices of strawberries are expected ROTTEN: to fall next month. Q 11. Market: Cereal market Increase or Decrease: P Scenario: Grain prices are falling due to ROTTEN: D surpluses. Q 12. Market: Housing market Increase or Decrease: P Scenario: Wages paid to roofers and ROTTEN: D electricians increase Q 13. Market: Flash drive market Increase or Decrease: P Scenario: Companies announce a new wave of ROTTEN: D technological innovations in flash drive production Q 14. Market: Social Media advertising market Increase or Decrease: Scenario: A global computer virus shuts down ROTTEN: D over half of all online technology Q 15. Market: Airline industry Increase or Decrease: Scenario: To combat recessionary fears, the ROTTEN: Xi government announces stimulus checks to airlines Q 16. Market: Chicken market Increase or Decrease: P Scenario: The government announces an new ROTTEN: Xi 5% tax on all chicken production Q 17. Market: Face masks Increase or Decrease: P Scenario: Etsy sellers rush to start online stores ROTTEN: XD to meet increased demand for face masks 18. Market: Video rental store market Increase or Decrease: P Scenario: Online streaming for movies causes ROTTEN: D many movie rental stores to close Q 19. Market: Physical CD market Increase or Decrease: P Scenario: Music companies see huge profits ROTTEN: D from music downloads Q 20. Market: SUV market Increase or Decrease: P Scenario: Auto manufacturers see major shift ROTTEN: D in buying from sedans to SUVs
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started