21.How would the creation of an import quota affect the market for a good? A-Imported supply increases. B-Domestic supply decreases. C-Market price increases D-Consumer surplus increases. E-Producer surplus decreases
Q: Law of demand shows relation between:
A: Ans. The demand for a good shows the relationship between the price of a good and quantity demanded.
Q: Economics Question 9 Which of the following is not true about Lindahl pricing? O a. There is…
A: The Lindahl price is a hypothetical pricing for a little bit more of a good if someone offered her a…
Q: What opportunities might current IMF lending policies to developing nations create for international…
A: IMF loaning and the urgency of nations in emergency gives the IMF leverage to drive disagreeable…
Q: 19. Hospital Noise Levels Noise levels at various area urban hospitals were measured in decibels.…
A: * SOLUTION :- (19) From the given information the answer is provided as below as ,
Q: With reference to the market for wreaths, and given the scenario below where there is an increased…
A: During Covid-19 pandemic, there were more funeral than were expected. The death rate increased…
Q: Can you answer me as soon as possible , urgentttttt!!!!!!!!!!! This is the case nothing more You…
A: A Business Development Manager holds the specialty in charge of the department's growth. They work…
Q: "Product may be an idea, a physical entity or a service or any combination of the three." a.…
A: The process of economic production is an activity that is carried out under the supervision and…
Q: A monopolist has the demand and marginal cost as shown in the table below. There is no fixed cost in…
A: The monopolist is the person who has full control over the market.
Q: (b) At the start of every year Jane puts $100 into an investment that gets 5% interest at the end of…
A: The amount of present assets at some point in the future based on the rate of growth that is…
Q: closing case Megahertz Communications Established in 1982, U.K.-based Megahertz Communications…
A: Since you have posted multiple questions, we will solve first question for you. In case you want…
Q: 3. Consider one of the many bakeries that serves a local community. Each bakery produces a slightly…
A:
Q: Ordinarily an individual worker increases his hours work if the wage rate also increase. With the…
A: The wage rate given to the labor motivates him to do work. The reward for the "Labor" is a "Wage",…
Q: Purchased equipment is cost P515 800 and expected to have 15 years of economic life with 12% annual…
A: 1st option is correct. At the end of 6th year balance of equipment will be 239540 with 12% annual…
Q: What is the marketspace? Use the editor to format your answer
A: What is Marketplace? Marketplace is an actual area of purchaser and merchant association. At the…
Q: A worker earns £15 pounds an hour and chooses to work six hours a day. The worker has no other…
A: Given information W=15 per hour Hours of work=6 hours per day.
Q: If national income now rises by £22 billion and as a result, the consumption of domestically…
A: (1) As per question, change in national income is £22 billion and change in consumption will be £15…
Q: 1.Explain the relationship between PPF and supply curve? 2.A recent news report suggested that…
A: PPF refers to the production possibility frontier which shows the best combination of two goods that…
Q: Use the chart to answer the following question. ? Reduce the number of quotas Growth of trade Reduce…
A: The chart has the following : Reduce the number of quotas. Growth of Trade Reduce protective…
Q: Antitrust laws are designed to…. A. Encourage monopolies B. Ensure the safety of food and beverages…
A: Antitrust laws are developed by governments to protect consumers from predatory business practices…
Q: Give an example of a concept learned in this course that you think may be associated with strong…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: Which of the following represents the risk of investment in order from lowest to highest? O A.…
A: Investment refers to the dedication of an asset to attain a rise in value over a period of time.…
Q: Peter's Pipers producers plumbing pipe. The long-run total cost of Peter's pipes is LTC =…
A: Average cost is the ratio of total cost and quantity
Q: Find Karl Pearson's coefficient of correlation between capital employed and profit obtained from the…
A: coefficient of correlation show the relation between relative movement of two variables , we…
Q: Consider a firm in an oligopoly in which a few sellers offer differentiated brands of widgets.…
A: P = 12 - 0.5Q (P>10) P = 14 - Q (P<10)
Q: Microsoft selling Excel and Word together while allowing customers to buy the two products…
A: There two products by a single firm and firm can sell them together or separately.
Q: Question Three. 1. Look at the diagram below. Consider the scenario where citizens have almost all…
A: Hi! Thank you for the question. As per the honor code, We’ll answer the first question since the…
Q: 1) Explain what factors cause shifts of the aggregate demand curve in the open economy model.
A: When talking about aggregate demand, it is the total demand for domestic output by the people of the…
Q: 1. This is a tax levied on gifts and is imposed on the gratuitous transfer of property between two…
A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…
Q: How can geography explain Europeans' advantages in ship-building technology com- pared to the…
A: The European economy is surrounded by the Black Sea, Arctic Ocean, Atlantic Ocean, other seas, etc.…
Q: A linking machine is purchased for ₱20,000. It is estimated to have a useful life of 10 years and a…
A: Sum of Years Depreciation (SYD) is a technique for speeding up depreciation. Like the twofold…
Q: How do changes in interest rate affect expected consumption? Interprete the effect of interest rate…
A: Precautionary Savings: This is a part of saving that is saved for consumption or use at a time of…
Q: can you please answer the d, e and f?
A: (d). We have d/dx[(400+3x)/x] = -400/x2 and d2/dx2[(400+3x)/x] = 800/x3. The 1st derivative of…
Q: Uberya Towing Services repair vehicles that break down at an average 7.5 vehicles per day. The…
A: Cost is a sort of expense that occur while procuring any good or service. In this question we are…
Q: A measure of the outcome of a decision such as profit, cost, or time is known as a O payoff O…
A: We will answer the first question since the exact one was not specified. Please submit a new…
Q: A Machine costs ₱80,000 and an estimated life of 10 years with a salvage value of ₱5,000. What is…
A: Given The first cost of a machine P =80,000 Estimated life n=10 years Salvage value F =5000 We have…
Q: 2) Explain the macroeconomic effects of a tax cut according to the Ricardian Equivalence…
A: People are forward-looking and believe in consumption smoothing, according to Ricardian…
Q: A shoe factory has a production capacity of 9,600 units per month. The fixed and variable costs are…
A: The total revenue is the revenue that is generated by selling given units of a commodity. The rise…
Q: Price $10 $9 $8 $7 $6 $5 $4 $3 $2 $1 100 200 300 400 500 Suppose the government imposes a $3 per…
A: The imposition of tax by government on any commodity or service has an impact on both buyer and…
Q: Question 9 Which of the following is not true about Lindahl pricing? a. There is unanimous agreement…
A: 9. The Lindahl price is a fictitious figure. It's the amount of money a person would be prepared to…
Q: What are foreign bonds? Explain the function of Global Capital Market.
A: A foreign bond is a bond given in a homegrown market by a foreign substance/entity in the homegrown…
Q: Ali has a utility function u(x, y) 5lnx + 2lny. Consider that the price of x is 100 TL, the price of…
A: Price of goods px=100, py=40 and I=1400
Q: Based on our understanding of the model presented in Ch3, a 5% tax cut in a country with balanced…
A: Balance Budget Every government plans its budgeted revenues and expenses every year. Government…
Q: Product K generates consumer surplus of £100, has a price of £100 and costs £50 to produce. Product…
A: Product K generates consumer surplus of £100, has a price of £100 and costs £50 to produce. Product…
Q: In 2016, country A faced unfavorable weather conditions. Wheat production decreased to 450kg.…
A: The gross domestic product (GDP) is the market value of goods and services produced within a year on…
Q: The current economic fallout from China's Covid-19 lockdowns -zero Covid-19 policy- is widening both…
A: IS-LM Model IS and LM model determines the relationship between the Product market and Money…
Q: cosity senaing inatrument coet S46.000 and has a $5.500 salvage value with a 7-years recovery period…
A: Given information, Machine cost = $47000 Salvage value = $5500 Recovery period = 7year Operating…
Q: What are benefits and costs of the formation of global cities and proliferation of global media…
A: Globalization increases the rate of interactions among countries. There are enhancements in…
Q: In a particular very small region, the consumer price index, C, depends on the current value of…
A:
20. Which of the following would increase the short-run supply for a business, regardless of market structure?
A-An income tax on consumers. B-A transfer payment. C-A lump-sum production subsidy
D-A per-unit production subsidy. E-An excise tax
21.How would the creation of an import quota affect the market for a good?
A-Imported supply increases. B-Domestic supply decreases. C-Market price increases
D-
Step by step
Solved in 3 steps
- 16. What is the difference between an agricultural export subsidy and an agricultural production subsidy?5. Demand is given by QD = 6000 - 50P. Domestic supply is QS = 25P. Foreign producers can supply any quantity at a price of $40. A. If foreign producers can sell in the domestic market, what is the equilibrium price? What is the equilibrium quantity? How much is sold by domestic and foreign producers, respectively? B. Under domestic government pressure, foreign producers voluntarily agree to restrict their goods. What will happen to the price and quantity? What will happen to the amount that domestic producers supply? What will happen to revenues of domestic and foreign producers?Q20 In Canada we have government intervention in the dairy market in the form of quotas on milk production. What are two predicted economic effects of this policy? a. A redistribution of income from dairy farmers to consumers of dairy products and an increase in the total amount of economic surplus in the dairy market. b. An equitable distribution of income between dairy farmers and consumers of dairy products and a reduction in the total amount of economic surplus in the dairy market. c. A redistribution of income from consumers of dairy products to dairy farmers and a reduction in deadweight loss in the dairy market. d. A redistribution of income from dairy farmers to consumers of dairy products and a reduction in the total amount of economic surplus in the dairy market. e. A redistribution of income from consumers of dairy products to dairy farmers and a reduction in the total amount of economic surplus in the dairy market. Clear my choice
- Which of the following would benefit producers, harm consumers and reduce total surplus? Opening of a market to trade when the world price is lower than the domestic price. Decrease of a subsidy. OOOO Increase of a tariff. None of these.Question 4 Suppose Home is a small exporter of wheat. At the world price of 100 US dollars per tonne, Home growers export 20 tons of wheat. Now suppose the Home government decides to support its domestic producers with an specific export subsidy of 40 US dollars per tonne. Use Figure 1 to answer the following questions: Figure 1: Supply and Demand for Wheat at Home Home price X 40 140 100 10 20 50 Supply Demand Quantity (a) Explain why consumer and producer surplus can be used to gauge the change in welfare caused by the export subsidy on individuals and firms. (b) What is the quantity exported by Home under free trade and with the export subsidy? (c) Calculate the effect of the export subsidy on consumer surplus, producer surplus and government revenue; depict each of these in a graph. What is the overall net effect of the export subsidy on Home welfare?Think about the mobile-market is in equilibrium. Suppose that, as part of a trade policy, the government imposes the tax on mobile-import. Will this affect the supply or the demand? Why? How this will affect the consumer surplus and producer surplus? Show graphically with before- and after-effects on the same graph. How will this change the equilibrium price and quantity of mobile? Explain your reasoning.
- Question 4 Suppose Home is a small exporter of wheat. At the world price of 100 US dollars per tonne, Home growers export 20 tons of wheat. Now suppose the Home government decides to support its domestic producers with an specific export subsidy of 40 US dollars per tonne. Use Figure 1 to answer the following questions: Figure 1: Supply and Demand for Wheat at Home Home price 140 100 10 20 40 50 Supply Demand Quantity (a) Explain why consumer and producer surplus can be used to gauge the change in welfare caused by the export subsidy on individuals and firms. (b) What is the quantity exported by Home under free trade and with the export subsidy? (c) Calculate the effect of the export subsidy on consumer surplus, producer surplus and government revenue; depict each of these in a graph. What is the overall net effect of the export subsidy on Home welfare?Price $10 ∞o 9 5 4 3 2 0 Demand 10 20 Subsidy Supply 30 40 50 60 70 80 90 100 Quantity Total gains from trade: $ a. Without the subsidy, what are the total gains from trade?Question 1. The government intervenes by setting a maximum price to be sold of 350$. What type of Price control is it? Who is it supposed to gain and lose from this intervention? 2. Will this create a surplus or shortage? Calculate 3. Calculate the deadweight losses created by this intervention 4. Calculate the new consumer Surplus created from this intervention
- Which of the following creates a deadweight loss in competitive markets? (a) Taxes (b) Import quotas (c) Tariffs (d) All of the above.Current Stats for Gasoline: Government Enforced Price Ceiling - $4.50/gallon Current Market Equilibrium - $3.00/gallon OPEC, the largest global supplier of oil used to make gasoline, has decided to reduce output by 50%. This policy change is expected to drive up the cost of gasoline to $5.00/gallon. How does that price change interact with the price ceiling? A. Changes the Price Ceiling from Binding to Non-Binding B. Disrupts Oil Supply C. Changes the Price Ceiling from Non-Binding to Binding D. No Change2. Using the following graph, answer the following questions. Also, show/Label your answers for parts a-e on the graph as well. Price 20 18 16 14 12 10 6. 4 6 8 10 12 14 16 Quantity 2 a. Suppose a $4 per-unit tax is imposed on the sellers of this good. What price will buyers pay for the good after the tax is imposed? b. Suppose a $4 per-unit tax is imposed on the sellers of this good. How much is the burden of this tax on the buyers in this market?