Description
In an answer of at least two well-developed paragraphs, explain how supply and demand work together to reach the equilibrium price in the marketplace.
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Explanation & Answer
Thank you for the opportunity to help you with your question!
when the supply is high,the demand is low while when the demand is high the supply of the commodity goes down
this is caused by the market type.it might be monopoly or poly.....
Completion Status:
100%
Review
Review
Anonymous
Great! Studypool always delivers quality work.
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Most Popular Content
5 pages
Unit 2 Exam Economics Questions
Impact the location of resources around the globe have on countries and their economies Countries with natural resources c ...
Unit 2 Exam Economics Questions
Impact the location of resources around the globe have on countries and their economies Countries with natural resources can easily trade them for ...
University of South Florida Micro Economics Fishing Market GenEd Case Study
Part I - (this draws on monopoly and antitrust regulation (Ch 9) to improve the argument made in the Rough Draft as well a ...
University of South Florida Micro Economics Fishing Market GenEd Case Study
Part I - (this draws on monopoly and antitrust regulation (Ch 9) to improve the argument made in the Rough Draft as well as describe an unintended consequence) Consider catch shares and the negative aspects of this government intervention. In addition to improving your paper based on the feedback you received, add to your previous discussion of catch shares using what you have learned about how monopolists make pricing and output decisions and how and why market power is a problem. Recall from the documentary how catch shares and monopoly are related. Include any other negative aspects of catch shares that you find through your own research.Part II - (this requires you to offer a creative alternate solution to the consequence you described above)Now put yourself in the role of a social advocate. Noting the problems you presented above, what solutions do you have to help protect society? Offer an alternative solution that addresses the issues you noted in the rough draft and avoids the problems you noted above. Be creative, you are not limited to possible government interventions but should also consider potential interventions from other groups in society.Note: This is the final part of the writing assignment. DO NOT include section titles/headers however you must submit a cohesive completed paper with title page, introduction, body, conclusion, a graph, and bibliography page. The paper should breakdown the market and problems within it, evaluate the current solution and it’s limitations, and propose an original contribution/potential solution - use economic terminology throughout.The body of the text must be at least 7, no more than 8, full pages: a revision of the first 4 pages already submitted for the rough draft PLUS an additional 3 pages. The additional three pages should be used as you wish to expand on the rough draft as well as add the new parts above and integrate the two parts into a coherent whole. Double-spaced, 1" margins, and size 12 Arial FONT. It should be in written your own words and not a series of quoted texts. You should write from your own ideas, formed through research, but not by paraphrasing or over quoting other work. File type must be doc OR docx.Make sure to include a title page and an updated bibliography page (both should be on their own pages and not share a page with the body of the text and are not included in the page count). Graphs/Charts/Figures/Bibliography should be at the very end of the text and are not included in page count. Only use in-line citations with the author and the year in parentheses at the end of the sentence; do not include citations in the footers. The full citation should be given on the bibliography page only. Note that, you cannot use external resources for the graph. Please draw your own graphs using Word. For those who use external resources, you will face 30% penalty for your final paper. VERY Limited quoted text (must be written in your own words)Upload 1 file (you cannot upload text, graphs, etc as separate files)
ECON 101 Saylor Academy Ethics of Price Discrimination Article Discussion
For the term paper, you are required to pick a current economic topic that relates to the material we have covered or will ...
ECON 101 Saylor Academy Ethics of Price Discrimination Article Discussion
For the term paper, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course. You will research and find an article that covers the topic you have chosen. You can use an article online or offline from any reputable source. You will write up a review of the article and integrate course concepts into your review. Please make sure you both summarize the article and discuss how it relates to the course.Complete this essay in a Microsoft Word document in APA format. Your work will automatically be submitted to Turnitin for plagiarism review. Please note that a minimum of 700 words for your essay is required.
University of Massachusetts NAFTA Replacement Deal Summary
By Kim Mackrael, Santiago Pérez and Jacob M. Schlesinge | Nov 29, 2018
SUMMARY: Mexico made concessions on cars, while Ca ...
University of Massachusetts NAFTA Replacement Deal Summary
By Kim Mackrael, Santiago Pérez and Jacob M. Schlesinge | Nov 29, 2018
SUMMARY: Mexico made concessions on cars, while Canada made concessions on cheese to pave the way for a new regional trade agreement between the United States, Mexico and Canada. After President Donald Trump's threat to move ahead with a revised agreement with Mexico but without Canada, it left Canada only a few days to negotiate a new trade deal. Canada's key negotiator was given advice by her Mexican counterpart to offer a critical concession to break the logjam with the United States. After presenting detailed plans for easing curbs on American milk and cheese products, Canada and the United States engaged in several days of nearly round-the-clock negotiations to reach Mr. Trump's negotiation deadline. The result was the new U.S.-Mexico-Canada Agreement (USMCA). The member countries recently signed the new pact, but it still requires ratification by legislators in all three countries before it can take effect.
QUESTIONS:
What concessions did Mexico and Canada need to offer to reach an agreement with the United States to replace Nafta?
What challenges exist for the USMCA to be ratified and go into effect?
Should Mexico and Canada have offered the concessions that they did to renegotiate Nafta? Explain your position.
The U.S. goal of increasing local content requirement percentages and adding a requirement that a certain amount of content has to be performed by high-cost labor in the automotive industry in USMCA is to bring automotive jobs back to the United States. Do you think these requirements will achieve this goal? Explain your point of view.
Discussion 300 words no title page
Distinguish between economies of scale and economies of scope? This is a very important concept.The variety of Riverside R ...
Discussion 300 words no title page
Distinguish between economies of scale and economies of scope? This is a very important concept.The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $18,000), and, after setting up, you can produce 1,000 units of a particular design per hour (at a cost of $8,000). Does this production exhibit scale economies or scope economies?Relative to managers in more monopolistic industries, are managers in more competitive industries more likely to spend their time on reducing costs or on pricing strategies?Khan’s Resort Hotel has a great view of a pine forest along a river bank. Suppose a commercial logger has purchased the pine forest and is planning to clear-cut the forest in a way that has a negative impact on the resort. Can the two parties arrive at a Coasian solution and if so what is it?
Similar Content
ECO 201 Milestone ONE
Submit a draft of the introduction (Section I) of your research paper, including all critical elements as listed in the Fi...
Calculate GDP loss
Calculate GDP loss if equilibrium level of GDP is $10,000, unemployment rate 9.8%, and the MPC is 0.75....
Troy University Porter Five Forces Model on Delta Air Lines Discussion
Apply Porter's Five Forces Model to the U.S. commercial airline industry. Industry participants include firms such as Uni...
ECON Diablo Valley College Debt Clock Questions
Based on information found in http://www.usdebtclock.org/ fill in the following information but you need to round them off...
Decent Work and Economic Growth Paper
The United Nations announced their Sustainable Development Goals (SDGs) for 2030, which of the goals, in your opinion, sho...
Investment (FIN403)
...
Modern Art Discussion Finnnzz
As significant changes were made in politics, technology, economics, and science, revolutionary developments were equally ...
Business Virtual Model
The Answers of this Assignment can include Charts, Tables, images and relevant Snap shots. Etc. if needed. The Assignment ...
Rev Fin March
If we apply this formula to the question we will get : We need to calculate the future value of the annuity....
Related Tags
Book Guides
The 7 Habits of Highly Effective People
by Stephen R. Covey
Killers of the Flower Moon
by David Grann
The Girl With The Dragon Tattoo
by Stieg Larsson
Sense And Sensibility
by Jane Austen
Extreme Ownership - How US Navy SEALs Lead and Win
by Jocko Willink and Leif Babin
The Da Vinci Code
by Dan Brown
The Jade Peony
by Wayson Choy
The Old Man and the Sea
by Ernest Hemmingway
Get 24/7
Homework help
Our tutors provide high quality explanations & answers.
Post question
Most Popular Content
5 pages
Unit 2 Exam Economics Questions
Impact the location of resources around the globe have on countries and their economies Countries with natural resources c ...
Unit 2 Exam Economics Questions
Impact the location of resources around the globe have on countries and their economies Countries with natural resources can easily trade them for ...
University of South Florida Micro Economics Fishing Market GenEd Case Study
Part I - (this draws on monopoly and antitrust regulation (Ch 9) to improve the argument made in the Rough Draft as well a ...
University of South Florida Micro Economics Fishing Market GenEd Case Study
Part I - (this draws on monopoly and antitrust regulation (Ch 9) to improve the argument made in the Rough Draft as well as describe an unintended consequence) Consider catch shares and the negative aspects of this government intervention. In addition to improving your paper based on the feedback you received, add to your previous discussion of catch shares using what you have learned about how monopolists make pricing and output decisions and how and why market power is a problem. Recall from the documentary how catch shares and monopoly are related. Include any other negative aspects of catch shares that you find through your own research.Part II - (this requires you to offer a creative alternate solution to the consequence you described above)Now put yourself in the role of a social advocate. Noting the problems you presented above, what solutions do you have to help protect society? Offer an alternative solution that addresses the issues you noted in the rough draft and avoids the problems you noted above. Be creative, you are not limited to possible government interventions but should also consider potential interventions from other groups in society.Note: This is the final part of the writing assignment. DO NOT include section titles/headers however you must submit a cohesive completed paper with title page, introduction, body, conclusion, a graph, and bibliography page. The paper should breakdown the market and problems within it, evaluate the current solution and it’s limitations, and propose an original contribution/potential solution - use economic terminology throughout.The body of the text must be at least 7, no more than 8, full pages: a revision of the first 4 pages already submitted for the rough draft PLUS an additional 3 pages. The additional three pages should be used as you wish to expand on the rough draft as well as add the new parts above and integrate the two parts into a coherent whole. Double-spaced, 1" margins, and size 12 Arial FONT. It should be in written your own words and not a series of quoted texts. You should write from your own ideas, formed through research, but not by paraphrasing or over quoting other work. File type must be doc OR docx.Make sure to include a title page and an updated bibliography page (both should be on their own pages and not share a page with the body of the text and are not included in the page count). Graphs/Charts/Figures/Bibliography should be at the very end of the text and are not included in page count. Only use in-line citations with the author and the year in parentheses at the end of the sentence; do not include citations in the footers. The full citation should be given on the bibliography page only. Note that, you cannot use external resources for the graph. Please draw your own graphs using Word. For those who use external resources, you will face 30% penalty for your final paper. VERY Limited quoted text (must be written in your own words)Upload 1 file (you cannot upload text, graphs, etc as separate files)
ECON 101 Saylor Academy Ethics of Price Discrimination Article Discussion
For the term paper, you are required to pick a current economic topic that relates to the material we have covered or will ...
ECON 101 Saylor Academy Ethics of Price Discrimination Article Discussion
For the term paper, you are required to pick a current economic topic that relates to the material we have covered or will cover in this course. You will research and find an article that covers the topic you have chosen. You can use an article online or offline from any reputable source. You will write up a review of the article and integrate course concepts into your review. Please make sure you both summarize the article and discuss how it relates to the course.Complete this essay in a Microsoft Word document in APA format. Your work will automatically be submitted to Turnitin for plagiarism review. Please note that a minimum of 700 words for your essay is required.
University of Massachusetts NAFTA Replacement Deal Summary
By Kim Mackrael, Santiago Pérez and Jacob M. Schlesinge | Nov 29, 2018
SUMMARY: Mexico made concessions on cars, while Ca ...
University of Massachusetts NAFTA Replacement Deal Summary
By Kim Mackrael, Santiago Pérez and Jacob M. Schlesinge | Nov 29, 2018
SUMMARY: Mexico made concessions on cars, while Canada made concessions on cheese to pave the way for a new regional trade agreement between the United States, Mexico and Canada. After President Donald Trump's threat to move ahead with a revised agreement with Mexico but without Canada, it left Canada only a few days to negotiate a new trade deal. Canada's key negotiator was given advice by her Mexican counterpart to offer a critical concession to break the logjam with the United States. After presenting detailed plans for easing curbs on American milk and cheese products, Canada and the United States engaged in several days of nearly round-the-clock negotiations to reach Mr. Trump's negotiation deadline. The result was the new U.S.-Mexico-Canada Agreement (USMCA). The member countries recently signed the new pact, but it still requires ratification by legislators in all three countries before it can take effect.
QUESTIONS:
What concessions did Mexico and Canada need to offer to reach an agreement with the United States to replace Nafta?
What challenges exist for the USMCA to be ratified and go into effect?
Should Mexico and Canada have offered the concessions that they did to renegotiate Nafta? Explain your position.
The U.S. goal of increasing local content requirement percentages and adding a requirement that a certain amount of content has to be performed by high-cost labor in the automotive industry in USMCA is to bring automotive jobs back to the United States. Do you think these requirements will achieve this goal? Explain your point of view.
Discussion 300 words no title page
Distinguish between economies of scale and economies of scope? This is a very important concept.The variety of Riverside R ...
Discussion 300 words no title page
Distinguish between economies of scale and economies of scope? This is a very important concept.The variety of Riverside Ranger logo T-shirts includes 12 different designs. Setup between designs takes one hour (and $18,000), and, after setting up, you can produce 1,000 units of a particular design per hour (at a cost of $8,000). Does this production exhibit scale economies or scope economies?Relative to managers in more monopolistic industries, are managers in more competitive industries more likely to spend their time on reducing costs or on pricing strategies?Khan’s Resort Hotel has a great view of a pine forest along a river bank. Suppose a commercial logger has purchased the pine forest and is planning to clear-cut the forest in a way that has a negative impact on the resort. Can the two parties arrive at a Coasian solution and if so what is it?
Earn money selling
your Study Documents