9.List the detarminants of domand. Gite ons exampla that will sbow how a changa
ID: 1104438 • Letter: 9
Question
9.List the detarminants of domand. Gite ons exampla that will sbow how a changa in a dstarmiant will casea shift to thaig^t Gn» ons hat will show bow a chng» in a detarminata will causea bift to the lait 10. What is a makat shortaga?Dascribe the relts of aarket shortage for the conu and for th» Anrthe indicated qasticns (11-15) by slecting the latar of the folloaing disgrams shoaingpply nd damnd shifts that best represut the ffoct of each oront on tha ralevant mzkst, cataris paribus Figure 3.1 Shifts of supply and demand S, S, Quantity Quantity D2 DI Quantity Quantity 11. Comsidsr the markot for pecans. Many pecan ts are dastroyed by aabwom. (A, B, C, or D) 12. Comsidar tha markot for laptop computars. Tar is a decraase in the price of computar microcbips (A, B, C, or D) 13. Comsidsr the markot for desktop co putars. rs docida thay like laptop computers bettor than dasktops. (A B, C, or D) 14.. Consider tha market for new cars. People begin ring for retirement at a mach higher rate. (A. B. C.Explanation / Answer
9) determinant of demand -Price of own good, price of related good, Income of the consumer, Change in taste and peference and change in ecpected future price.
When income increases will shift the demand curve right and decrease in income will shift the demand curve leftward.
10)shortages means supply is less than demand.
When there is shortage there is an increase in price due to which consumer losses and when price increases the supplier benefits.
11) A. Because supply curve shift leftward
12) B. Decrease in price of computer chips which decreases cost of production and supply curve shifts rightward
13)C. Demand decreases and shift to leftward
14)D. Demand increases and shift rightward.
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