ECON 201 – Which of the following could not explain the indicated increase

.png” alt=”Picture”>
1.
Which of the following could not
explain the indicated increase in equilibrium price from P1 to P2?
a.
an increase in consumer incomes
b.
an increase in production costs
c.
a decrease in the price of a
complementary product
d.
an increase in the price of a substitute
product

2.
Use the supply and demand
curves depicted in following graph for a competitive market to answer the
question below

.png” alt=”Picture”>

If the
government imposed a price ceiling of $15, then buyers will be intending to buy
___, but they will be able to legally buy ____.
a.
30 units, 24 units
b.
36 units, 24 units
c.
36 units, 30 units
d.
24 units, more than 24 units

3.
Use the following graph for a
competitive market to answer the question below
.jpg” alt=”Picture”>
Assume the government imposes $2.25 tax on
suppliers, which results in a shift of the supply curve from S1 to S2.
The price the consumer pays for the product after the tax is imposed on the
suppliers is
a.
$1.25
b.
$2,50
c.
$3.50
d.
$2.25

4.
Use the following graph for a
competitive market to answer the question below.

.jpg” alt=”Picture”>
Assume the government
imposes a $3 tax on buyers, which results in a shift of the demand curve from D1
to D2. The price the seller receives for the product after the
tax is imposed on the buyer is
a.
$8
b.
$7
c.
$5
d.
$3

.jpg” alt=”Picture”>

5.
If a price floor in this market
is set at P1, then
a.
deadweight loss equals area d.
b.
deadweight loss equals area h.
c.
no deadweight loss occurs.
d.
more information is needed to
find deadweight loss.

6.

.png” alt=”Picture”>
In the graph above, what is the price
elasticity of supply (using the midpoint formula) between points A and B above?
a.
1
b.
3
c.
2
d.
1/3

7.

.png” alt=”Picture”>
.png” alt=”Picture”>
For which graph is the
supply perfectly inelastic?
a.
Graph A
b.
Graph B
c.
Graph C
d.
Graph D

8.

.png” alt=”Picture”>
“The bigger the
volume, the lower the cost, and we pass these savings on to you” is a
familiar slogan. Its idea is illustrated in which of the above graphs?
a.
Graph A
b.
Graph B
c.
Graph C
d.
Graph D

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Essay Fountain
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Communications
Thank you.
Customer 452723, April 22nd, 2021
Human Resources Management (HRM)
Thank you for your time and help. I was concerned that I would not make my deadline due to a family emergency, and you guys came through in the clutch. you are appreciated and i will be letting friends and family know of my experience here.
Customer 453045, February 24th, 2022
Psychology
Thank you very much! I will be using your service again soon.
Customer 452665, March 18th, 2021
Natural Sciences
Revision in a short period of time!
Customer 452947, November 9th, 2021
Health Care
Thank you for getting this paper done in a timely manner
Customer 452641, February 20th, 2021
Sociology
Thank you. You all have been timely, and amazing.
Customer 452919, May 3rd, 2022
Computer science
Thank You
Customer 453099, August 28th, 2022
Sociology
Thank you for following the guidelines of the discussion essay. We are off to a great start.
Customer 452919, March 20th, 2024
English 3311- Professional Writing
Thank you, it looks good!
Customer 452919, January 28th, 2023
Tourism
thank you
Customer 452933, November 20th, 2021
Marketing
Thank you so much!
Customer 453015, December 13th, 2021
Business Studies
This is fantastic! Thank you so much for your hard work!
Customer 453131, November 16th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat