Even before the pandemic, bicycle supply chains were strained. Why was this? Check all that apply. Falling barriers increase the bargaining power of business firms by decreasing the incomes of consumers. Many bikes are made in China, and former President Trump's high tariff rate forced manufacturers to find alternate production locations. Making bikes is still an artisanal process, so craft bike makers could not keep up with the demand. O Americans prefer to drive gas trucks rather than bike.
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- Lilliput imports rope from Brobdingnag, where ropeproducers are subsidized by the government becauseof their great political clout. The most efficientpolicy from the standpoint of Lilliput is toa. continue trading at the subsidized price.b. place a tariff on rope imports to offset thesubsidy.c. give a similar subsidy to the rope producers ofLilliput.d. stop trading with Brobdingnag.S EOC2: End of Chapter Problem x O Question 13 of 15 - EOC2: End x + A assessments.macmillanlearning.com/sac/4152632#/4152632/12/-1 Apps Submit All Questions Completed 12 out of 15 O Resources Save Answe < Question 13 of 15 Demand: Thinking Like a Buyer - End of Chapter Problem The current administration imposes an unannounced tariff on steel imports which causes the price of new cars to increase overnight. Use the graph provided to illustrate the impact of this on the demand curve for new cars. You may either shift the demand curve or move the labeled point to illustrate a change in quantity demanded. Market for New Cars E Demand Quantity (millions of cars) !!! Price per car($)What Type of attraction are in Uk? and which are the main Characteristcs of supply? (what make different from the rest of the world)
- 1990s and early 2000s saw a crisis for sugarcane producers. During this period, thequantity supplied of sugarcane outweighed quantity demanded and the market was inturmoil. Over time the price of sugarcane recovered after 2014, peaking in July 2018. In part, thiswas due to farmers diversifying into other crops; in part, it was due to buoyant globaldemand for alternate products. In 2019, however, a combination of good harvests and afall in fertilizer sugarcane prices caused supply to increase substantially. Althoughdemand was still growing in developing countries, the onset of recession in developedcountries was halting the growth in demand. a. Illustrate and explain how the market for sugarcane will maintain equilibriumover time given the problem that exists in the late 1990s and early 2000s. b. Is demand for sugar cane price elastic or price inelastic? Explain yourreasoning. c. Illustrate and explain (i) how the sugar cane market changed during the period2014 – 2018 and (ii) what…1990s and early 2000s saw a crisis for sugarcane producers. During this period, thequantity supplied of sugarcane outweighed quantity demanded and the market was inturmoil. Over time the price of sugarcane recovered after 2014, peaking in July 2018. In part, thiswas due to farmers diversifying into other crops; in part, it was due to buoyant globaldemand for alternate products. In 2019, however, a combination of good harvests and afall in fertilizer sugarcane prices caused supply to increase substantially. Althoughdemand was still growing in developing countries, the onset of recession in developedcountries was halting the growth in demand. a. Explain how revenue for sugar cane would have been impacted in July 2018relative to the early 2000s.Explain with the help of diagrams:1. Assume that the Indian JuteIndustry is at present in a equilibrium state with the producers supplyingjute bags only to the domestic market atthe prevailing market prices. Apart from domestic suppliers, Indian juteindustry faces competition from Bangladesh. Explain with the help ofsupply-demand curves how the following events affect the equilibrium in thejute industry?a. Poor domestic demandb. Increasedcompetition from Bangladeshc. Cement industry,which is one of the largest users of jute bags,exempted from mandatory jute packagingd. Farmers, instead ofproducing jute, use their farm lands for some other purposes.
- Why did costs for shipping containers increase so sharply during the pandemic? Check all that apply. Companies were ordering more goods to meet increased demand, resulting in increased volume of shipped goods. O Containers were scarce since they were often stuck in locations that did not have cargo to send back to Asia, and demand for shipping was intense. O Container companies increased prices to take advantage of pandemic lulls. Increased demand of digital goods such as video games. In the US, incoming ships overwhelmed the dock capacity and so shipping containers were "trapped" on loaded ships.A company is considering building a bridge across ariver. The bridge would cost $2 million to build andnothing to maintain. The following table shows thecompany’s anticipated demand over the lifetime ofthe bridge:Price per CrossingNumber of Crossings,in Thousands$8 07 1006 2005 3004 4003 5002 6001 7000 800a. If the company were to build the bridge, whatwould be its profit-maximizing price? Would thatlevel of output be efficient? Why or why not?b. If the company is interested in maximizing profit,should it build the bridge? What would be itsprofit or loss?c. If the government were to build the bridge, whatprice should it charge?d. Should the government build the bridge?Explain.The reaping, processing and sale of sugarcane is a booming sector. However, the late1990s and early 2000s saw a crisis for sugarcane producers. During this period, thequantity supplied of sugarcane outweighed quantity demanded and the market was inturmoil.Over time the price of sugarcane recovered after 2014, peaking in July 2018. In part, thiswas due to farmers diversifying into other crops; in part, it was due to buoyant globaldemand for alternate products. In 2019, however, a combination of good harvests and afall in fertilizer sugarcane prices caused supply to increase substantially. Althoughdemand was still growing in developing countries, the onset of recession in developedcountries was halting the growth in demand. a. Illustrate and explain how the market for sugarcane will maintain equilibriumover time given the problem that exists in the late 1990s and early 2000s. B. Explain how revenue for sugar cane would have been impacted in July 2018relative to the early 2000s.
- use diagramsa. What is the effect on the equilibrium price and quantity traded in market of theintroduction of a new technology that reduces costs of production for all firms?b. What is the effect on the equilibrium price and quantity traded in a market of a changein tastes that reduces the demand for the product?c. What is the effect on the equilibrium price and quantity traded in a market of theimposition of a tax per unit sold on suppliers?d. What is the effect on the equilibrium price and quantity traded in a market of thepayment of a subsidy per unit sold paid to suppliers?Firms are better off using rebates rather than just lowering the price of a good because O only those who place a low value on their time or are price sensitive actually redeem the rebate, making profits higher than if they just lowered the price. Os customers overestimate the value of the rebate and so buy more of the good, making profits higher than if they just lowered the price. Oc lowering the price is inefficient and creates additional deadweight loss. OD people view the firm in a positive light because now poorer people will be able to afford their good.Labor unions and businesses in the heavy equipment industry have asked the U.S. Congress to place a tax on imported equipment in order to make it more expensive. They hope that this will allow U.S. producers to be more competitive. The U.S. heavy equipment industry appears to be seeking a(n): 1 CAVAB li Nacəf Telman revenue tariff. 03 Maliyya protective tariff. injunction. import licensing.. 01 40/2 nontariff barrier. rup Активация Windows Əvvalki Növbəti Bütün suallar Qeyd olunanlar Cari Vəziyyət 82 F Sunny C 4) AZE 15:30 18.06.202 TOSHIBA