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[意見] econ assignment 幫幫手

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econ assignment 幫幫手

3.consider the market for minivans. For each of the events listed here, identify which of the determines of demand or supply are affected. Also indicate whether demand or supply increases or decreases Then draw a diagram to show the effect on the price and quantity of minivans.
(a)People decide to have more children
(b)A Strike by steelworkers raises steel prices
(c)Engineers develop new automated machinery for the production of minivans
(d)The price of sports utility vehicles rises
(e)A stock- market crash lower people's wealth

4.Because bagels and cream cheese are often eaten together, they are complements
We observe that both the equilibrium price of cream cheese and the equilibrium quantity of bagels have risen. What could be responsible for this pattern a fall in the price of flour or  a fall in the price of milk? Illustrate and explain your answer.
   

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