If the demand for smartwatches are expected to increase and production costs are expected to decrease, what do you expect to happen to equilibrium price and quantity in the smartwatch market?
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If the demand for smartwatches are expected to increase and production costs are expected to decrease, what do you expect to happen to
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- why is it possible to have a 150% increase in price but not a 150% decrease in price?Suppose an increase in demand in the market for mutual funds (a financial capital market) causes the interest rate to increase from 2% to 4%. How will this increase in demand affect supply and quantity supplied?What will happen to demand for normal goods with the increase in population
- What will occur in the market when there is an excess quantity demanded of a product at the current price? The price will tend to rise. The price will tend to fall. Producers will reduce output and sales will fall. The price must be above the equilibrium price.How will an increase in population growth in Rock Hill affect the equilibrium price and quantities of residential houses? Plot a chart with supply and demand curves to illustrate your idea.an increase in the supply of golf clubs brings a ___ of golf clubs at the original price and a _____ in their price.
- Before pandemic, face masks are only used in certain hospitals handling highly contagious pulmonary diseases such as San Lazaro Hospitals and the ICUs of every hospital. However, studies and other health organizations and agencies talk about it’s effectivity to prevent people from contacting the virus. Which of the following non-price determinants will affect the supply and in what way? How will it affect the country’s economy?What is a shortage? Why has there been a computer chip shortage? What is the impact on market prices? Give examples. Articles: https://www.motorbiscuit.com/high-vehicle-prices-reportedly-expected-stick-around/ https://www.cnet.com/roadshow/news/features/automotive-cars-computer-chip-shortage-2022/ https://www.pbs.org/newshour/economy/chip-shortage-drives-up-vehicle-prices-cuts-sales https://www.reuters.com/technology/us-congress-passage-subsidies-prompts-chip-makers-move-projects-2022-07-28/ https://time.com/6140476/intel-building-factory-ohio/A decrease in the demand for chocolate with no change in the supply of chocolate will create a _____ of chocolate at todays price, but gradually the price will _____.
- what are Factors affecting the demand of gasolineSerious natural disasters like hurricanes and tornadoes cause widespread and extensive damage to buildings. As a result of a natural disaster, what would you expect to happen in the market for building supplies? DescribeWhat accounts for the tilt in the price