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Hello Tutors help in answering this question. Consider the market for bicycles and explain the effect of each of the following scenarios on the supply

Hello Tutors help in answering this question.

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Consider the market for bicycles and explain the effect of each of the following scenarios on the supply curve for bicycles: (a) The cost of ball bearings may fall. (b) The price of unicycles may increase, increasing the opportunity cost of using skilled wheel makers to make bicycles. (c) A new process may be developed such that the amount of electricity needed to make a bicycle is reduced. (d) The government may make it illegal to use one of the chemicals previously used to make bicycles.A mortality table covers the age range 10 to 100, inclusive. The graduated rates have been produced using the parametric formula method - a formula with 3 parameters has been fitted to the crude rates. The deviations of the observed number of deaths from the expected number of deaths at each age have been calculated. You have: Number of positive deviations: 41 Number of groups of positive deviations: 16 Carry out a grouping of signs test on these graduated rates and state your conclusion. [6]

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