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Homework answers / question archive / Supply & Demand Basics of Markets 1)In which of these markets are we more likely to see speculative bubbles? a

Supply & Demand Basics of Markets 1)In which of these markets are we more likely to see speculative bubbles? a

Economics

Supply & Demand Basics of Markets 1)In which of these markets are we more likely to see speculative bubbles? a. TV b. Automobiles c. Clothing d. Diamonds a. 2. Which of the following headlines is about a shock to demand? "cocoa prices higher as drought hits Ivory Coast" b. "auto sales fall as economy slows" c. "lumber cost rises, driving home prices higher" d. "orange juice prices rise on news of hard freeze in Florida" 3. If we were looking at the demand for SUVs, which of the following would cause an increase in demand? a decrease in the price of SUVs b. increased advertisements about the link between climate change and CO2 emissions c. an increase in the price of gas dan increase in the growth rate of family income 4. If we were looking at the supply curve for computers, which of the following would cause a decrease in supply? A decrease in the price of computers b. Decrease in tablet costs an increase in tariffs on imported products & lower computer chip prices I C. 5. Here is a time series graph of the price of wheat. Based on this graph, which of the following is the best explanation for what happened to wheat prices between 1867 and 1870 What Whale Price 350 300 There was an increase in demand and supply There was an increase in demand and decrease in supply C. There was an increase in demand & There was an increase in supply GO TO 6. There was a report of a decline in the price of Intel's flash computer chips. Which of the following would likely be mentioned as the cause for the price decline? nexpected cost increases at Intel's manufacturing plants bicouse in the price of Samsung flash chips improved performance reviews on Samsung's flash chips 4 unexpected increase in demand for flash chips due to strong demand for cellular phones with cameras 7. Which of the following headlines doesn't seem to make sense given what we have learned about supply and demand? oco prices higher as drought hits Ivory Coast

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