Example of simultaneous changes in both supply and demand
Elucidate an example of simultaneous changes in both supply and demand?
Expert
An application “Pink Salmon” is an example of simultaneous changes in both supply and demand. An increase in supply occurs because of the expansion of fish farms, efficient fishing boats as well as new entrants to the industry. There is a decrease in demand because of increase in income as well as changes in consumer preference which shows pink salmon to be an inferior good.
XY School District has a large number of students in need of remedial instruction. The superintendent of XY School System can allocated her budget between purchasing X units of remedial instruction at a price of $2,000/unit and spending an amount ($Y) on all other sch
Successful speculation tends to: (1) generate inflationary pressure. (2) assist stabilize relative prices. (3) reduce the incomes of the eventual producers of goods. (4) make relative prices more volatile. (5) increase the risk born through the eventu
“Prices are the automatic regulator that tends to keep production and consumption in line with each other.” Explain.
Fiscal Policy:Public or government finance is a field of economics. This deals with budgeting the revenues and expenditures of government (i.e., or public sector). It is regarding the identi
Assume that you bought a ton of gold in Santiago, and Chile for $450 per ounce and immediately sold all of this in Antwerp, Belgium for $480 per ounce. Therefore economists would categorize your movement as: (i) arbitrage. (ii) scalping. (iii) screening. (iv) speculat
Briefly explain the term Earnings per share (or EPS)?
How Reciprocal Trade Agreements Act had goal of reducing tariffs?
Dividing monetary prices from each other yields: (v) nominal prices. (w) relative prices. (x) subjective prices. (y) absolute prices. (z) transaction prices. Hello guys I want your advice. Please recommend some vie
What do you mean by Supply?
Elucidate: Competition and the “Invisible Hand”?
18,76,764
1950353 Asked
3,689
Active Tutors
1419528
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!