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Tag: Demand

What type of Elasticity of Demand does auto parts in the United States have? Is it Elastic, Inelastic, Unitary Elastic, Perfectly Elastic, or Perfectly Inelastic?

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cover the following 600-800 words Discuss different types of Elasticity of Demand What type of Elasticity of Demand does auto parts in the United States have? Is it Elastic, Inelastic, Unitary Elastic, Perfectly Elastic, or Perfectly Inelastic? Discuss and give evidence of your finding. If AutoEdge decided to increase its prices and return to the […]

What are the assumptions behind the market supply curve?

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Writing Macroeconomics 201 Lecture #3: Supply, Demand, and Equilibrium 1. What are the assumptions behind the market demand curve? 2. What are the assumptions behind the market supply curve? 3. Draw a market supply curve and a market demand curve for a hypothetical widget market. Label the equilibrium price p* and the equilibrium quantity q*. […]

Select an economic factor (GDP, unemployment, price level) and explain what impact any shifts in AD or AS (or both) had on your chosen factor.

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Topic: Aggregate Demand and Supply Between 2007 and 2009, the United States experienced a severe financial crisis and economic downturn commonly known as the Great Recession. Starting in 2006, housing values fell 30%, causing losses in mortgage-backed securities for families and financial institutions. The recession was marked by a drop in aggregate demand that caused […]

What effect would this increase in the minimum wage have on unemployment? Does the change in unemployment depend on the elasticity of demand, the elasticity of supply, both elasticities, or neither?

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Macroeconomics (ECON 201) Assignment 1 Questions: Week 2 & Week 3 Case Study:1 (5 Marks) Read the case “The Minimum Wage” from Chapter 6 “Supply, Demand, and Government Policies” Page: – 117 given in your textbook – “Principles of Macroeconomics”. A case study discusses the federal minimum-wage law. Questions: 1 ⦁ Suppose the minimum wage […]

As a manager, HOW WOULD you decide how to divide the available supply of products among the various customers?

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Scenario: You are a manager at a baby formula manufacturing facility. There are global supply chain issues which are impacting the availability of raw materials and a rapid increase in demand is preventing your company from fulfilling customer orders. There is not enough inventory  in stock to provide the product to all of your customers, […]

Explain how these elasticities would impact the market for yoga pants, and provide specific examples of any changes that have occurred that support that take.

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• “Athleisure – The fastest growing retail sector in the world (Links to an external site.)” for a very general market overview • “The rise of women’s activewear (Links to an external site.)” for a more specific overview of the yoga pants segment • “Why Lululemon’s pants are so expensive (Links to an external site.)” […]

What are some of the logistical problems that may arise when supply and demand for a product are not aligned properly? What are some of the methods used to soften the effects of this imbalance?

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Logistical problems What are some of the logistical problems that may arise when supply and demand for a product are not aligned properly? What are some of the methods used to soften the effects of this imbalance?

Explain the impact on the coffee market if there is an increase in the price of coffee beans.Explain how a market adjusts to an increase in the supply of a product.

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Why is the demand curve downward sloping? Explain. Demonstrate graphically and explain verbally the difference between an increase in the quantity demanded and an increase in demand. Describe what might have caused each to occur. 3. Your boss told you that a decrease in price would increase demand. Why is your boss wrong? 4. Briefly […]

Assess how 1 of the following major economic events influenced supply, demand, and economic equilibrium in the US economic activity: Crippling interest rates by the Federal Reserve, such as those of the 1975 – 1985 time period

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Write a 350- to 700-word analysis assessing how 1 of the following major economic events influenced supply, demand, and economic equilibrium in the US economic activity: Crippling interest rates by the Federal Reserve, such as those of the 1975 – 1985 time period

Demand-Khan Academy: List 2 pieces of information you previously did not know. Identify how the question clarified information.

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After watching the Demand (Links to an external site.) videos from Khan Academy, continue to Practice: Demand (Links to an external site.). https://www.khanacademy.org/economics-finance-domain/macroeconomics/macro-basic-economics-concepts/macro-demand/v/law-of-demand https://laredo.instructure.com/courses/1469781/files/77674055/download?wrap=1 Answer the 4 questions. You will receive immediate feedback from Khan Academy (formative assessment). When you have completed the 4 questions, make your initial post for Discussion 4. (You must make […]

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