Describe an outlook for the price of fertilizer, in regards to the price of oil. How big of a role does oil play? Is the price of the good greatly affected by the price of oil?
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Describe an outlook for the
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- How does oil play a role in the price of fertilizer?Explain how oil plays a role in the price of fertilizer. keep in mind-how oil plays a role in the price of the good, How big of a role does oil play? Is the price of the good greatly affected by the price of oil?Explain how oil plays a role in the price of the good (fertilizer)
- The price of insulin injection kits, used by diabetic patients, increases from $45 to $52, but the equilibrium quantity remains the same. Is it possible? Explain why or why not. Use graphWhen does a consumer buy more quantity of a commodity at a given price? give three points.Ive asked this before but the answer wasn't what I was looking for- for the price of fertilizers that use petrochemical in regards to the price of oil. How big of a role does oil play? Is the price of the good greatly affected by the price of oil?
- Consider a market for Ice Cream an inferior good in Pakistan. For each of the given events, identify which of the determinants of the demand or supply are affected. Also indicate whether demand or supply increase or decreases. Then draw a diagram to show the effect on the price and quantity of Ice Cream and solve all the subparts: News reports claim that the consumption of Ice Cream is good for the health of coronavirus patients. There has been a decline in wages of all employees in Pakistan due to the third wave of coronavirus. People in Pakistan decide to have more children. Students of NED University develop new automated machinery for the production of Ice Cream. There has been a decrease in people’s income due to COVID-19 crisis. i News reports claim that the consumption of Ice Cream is good for the health of coronavirus patients. identify which of the determinants of the demand or supply are affected. Also indicate whether demand or supply increase or decreases…Plot the supply curve and the demand curve for bicycles What is the equilibrium price of bicycles? What is the equilibrium quantity of bicycles? If the price of bicycles were €100, is there a surplus or a shortage? How many units of surplus or shortage are there? Will this cause the price to rise or fall ?If the price of rice per Kg increases from Rs 200 to Rs 300, the quantity demand reduced from 10 Kg units to 8 Kg. Keeping the answer in view if price change by 8%, what happen to Quantity demand of the commodity.
- For each case below, explain the effect on the supply and/or demand in the market for bicycles. Discuss the effects on the equilibrium price and quantity. a. The price of aluminum used to make bicycles increases. b. The average income of consumers decreases. Both (a) and (b) happen simultaneously. For 0.5 bonus points only: Show the effect of both events on a graph. Label all your curves and axes. C.Consider a market for Ice Cream an inferior good in Pakistan. For each of the given events, identify which of the determinants of the demand or supply are affected. Also indicate whether demand or supply increase or decreases. Then draw a diagram to show the effect on the price and quantity of Ice Cream, solve all the parts and subparts. i. News reports claim that the consumption of Ice Cream is good for the health of coronavirus patients. ii. There has been a decline in wages of all employees in Pakistan due to the third wave of coronavirus. iii. People in Pakistan decide to have more children. iv. Students of NED University develop new automated machinery for the production of Ice Cream. v.There has been a decrease in people’s income due to COVID-19 crisis. i News reports claim that the consumption of Ice Cream is good for the health of coronavirus patients. Identify which of the determinants of the demand or supply are affected. Also indicate whether demand or supply…Other things equal, which of the following would NOT shift the supply curve for gasoline? Select one: a. an increase in the price of gasoline. b. an improvement in refining techniques that allows more gasoline to be squeezed out of a barrel of crude oil c. a fall in the price of crude oil (from which gasoline is refined) d. an increase in the wages paid to people working in oil refineries.
