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Here is my question. Thank you so much. Question 1 1 pts There is a frost that kills most of the orange crop in Florida.
Here is my question. Thank you so much.
Question 1 1 pts There is a frost that kills most of the orange crop in Florida. Please choose the response below that best illustrates how the market responds. O The demand for oranges increases. 0 The demand for oranges decreases. O The supply of oranges increases. The supply of oranges decreases. 0 Supply and demand for oranges both decreases. Question 2 1 pts There is a frost that kills most of the orange crop in Florida. Please choose the response below that best illustrates how the price of oranges responds. O The price of oranges will increase. 0 The price of oranges will decrease. O The price of oranges will not change. 0 The price of oranges will increase, then decrease. O The price of oranges will decrease, then increase. Question 3 3 pts There is a frost that kills most of the orange crop in Florida. From the options below please select a graph that shows the change in market conditions for oranges. O P EI E2 O Not enough information to determine O P O P E EI D2 DI Q EI DI D2Question 4 1 pts The cost of hot dogs has gone down. How are hot dog buns affected, if at all? Please choose the response below that best illustrates how the market responds. 0 Supply of hot dog buns will increase. 0 Demand for hot dog buns will decrease. 0 Demand for hot dog buns will increase. 0 Supply of hot dog buns will decrease. 0 Hot dog buns will not be affected. Question 5 1 pts The cost of hot dogs has gone down. How are hot dog buns affected, if at all? Please choose the response below that best illustrates how the price of hot dog buns changes, if at all. 0 The price of hot dog buns will decrease. O The price of hot dog buns will decrease, then increase. 0 The price of hot dog buns will increase. 0 The price of hot dog buns will increase, then decrease. O The price of hot dog buns will remain the same. Question 6 3 pts The cost of hot dogs has gone down. How are hot dog buns affected, if at all? From the options below please select a graph that shows the change in market conditions for hot dog buns. O P E EI O O P $2 EI Q O There is no change in hot dog buns. O D2 DI O P EI DIQuestion 7 4 pts Please use the following information to solve this problem: 1980 86.3 What was the rate of ination from 1970-1975? 0 29.18% 0 75.63% 0 39.8% o 16.4% 0 41.21% Question 8 1 pts Please select the formula used to determine your answer in the previous question (Question 7)? 0 PV 0 Nominal Price 0 Percent % Change 0 Relative Price 0 No formula needed Question 9 4 pts Please use the following information to solve this problem: CPI 1970 39.8 1975 56.2 1980 86.3 What was the rate of inflation from 1975-1980? O 34.88% O 75.87% Not enough information to determine O 30.2% O 53.55% Question 10 1 pts Based on your answers from questions 7 and 9, what specific type of inflation was experienced between 1970-1975 and then 1975-1980. (Hint: you need both of the answers to determine) O disinflation O escalating inflation O hyperinflation Not enough information to determine O deflationStep by Step Solution
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