Business, 12.12.2019 03:31 tangia

Suppose we are analyzing the market for hot chocolate. graphically illustrate the impact each of the following would have on demand or supply. also show how equilibrium price and equilibrium quantity would change.
a. winter starts, and the weather turns sharply colder.
b. the price of tea, a substitute for hot chocolate, falls.
c. the price of cocoa beans decreases.
d. the price of whipped cream falls.
e. a better method of harvesting cocoa beans is introduced.
f. the surgeon general of the u. s. announces that hot chocolate cures acne.
g. protesting farmers dump millions of gallons of milk, causing the price of milk to rise.
h. consumer income falls because of a recession, and hot chocolate is considered a normal good.
i. producers expect the price of hot chocolate to increase next month.
j. currently, the price of hot chocolate is $0.50 per cup above equilibrium.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 15:20

What is the purpose of taking a personality inventory assessment? a. to find out what personality traits you should acquire for a successful career b. to identify your personality traits and relate them to a suitable career c. to compare your personality traits with those of successful people in different careers d. to identify aspects of your personality that you can improve with the of a counselor

Answers: 3

Answer

Business, 21.06.2019 16:10

Which one of the following is most apt to align management's priorities with shareholders' interests? compensating managers with shares of stock that must be held for a minimum of three years holding corporate and shareholder meetings at high-end resort-type locations preferred by managers increasing the number of paid holidays that long-term employees are entitled to receive allowing employees to retire early with full retirement benefits paying a special management bonus on every fifth year of employment

Answers: 1

Answer

Business, 21.06.2019 17:40

Sodas in a can are supposed to contain an average of 12 ounces. this particular brand has a standard deviation of 0.1 ounces, with an average of 12.1 ounces. if the can's contents follow a normal distribution, what is the probability that the mean contents of a six pack are less than 12 ounces?

Answers: 2

Answer

Business, 22.06.2019 18:50

Suppose the government enacts a stimulus program composed of $600 billion of new government spending and $300 billion of tax cuts for an economy currently producing a gdp of $14 comma 000 billion. if all of the new spending occurs in the current year and the government expenditure multiplier is 1.5, the expenditure portion of the stimulus package will add nothing percentage points of extra growth to the economy. (round your response to two decimal places.)

Answers: 3

Answer

You know the right answer?

Suppose we are analyzing the market for hot chocolate. graphically illustrate the impact each of the...

Questions