QUESTION 18 What would happen in the beef market (now) if consumers expected the
ID: 1220383 • Letter: Q
Question
QUESTION 18
What would happen in the beef market (now) if consumers expected the price of beef to rise dramatically on July 1, 2016?
Demand ( + , - , 0 )
Supply ( + , - , 0 )
Equilibrium Price ( + , - , 0 )
Equilibrium Quantity Exchanged ( + , - , 0 )
Determinant (1-13)
5 points
QUESTION 19
What would happen in the American beef market if the Chinese government has decided to feed its people (1.4 billion) American beef?
Demand ( + , - , 0 )
Supply ( + , - , 0 )
Equilibrium Price ( + , - , 0 )
Equilibrium Quantity Exchanged ( + , - , 0 )
Determinant (1-13)
5 points
QUESTION 20
What would happen in the beef market if the government raises taxes on cattle ranchers?
Demand ( + , - , 0 )
Supply ( + , - , 0 )
Equilibrium Price ( + , - , 0 )
Equilibrium Quantity Exchanged ( + , - , 0 )
Determinant (1-13)
5 points
QUESTION 21
What would happen in the beef market if the government reduces income taxes on households?
Demand ( + , - , 0 )
Supply ( + , - , 0 )
Equilibrium Price ( + , - , 0 )
Equilibrium Quantity Exchanged ( + , - , 0 )
Determinant (1-13)
5 points
QUESTION 22
What would happen in the beef market if the vegetarian movement became more popular in America?
Demand ( + , - , 0 )
Supply ( + , - , 0 )
Equilibrium Price ( + , - , 0 )
Equilibrium Quantity Exchanged ( + , - , 0 )
Determinant (1-13)
5 points
QUESTION 23
Think this one through carefully. What would happen in the beef market if it became more stylish, and very popular, to wear clothing, carry luggage and purchase furniture made of leather? Keep in mind the explanation of Joint Goods in the ASSIGNMENTS section.
Demand ( + , - , 0 )
Supply ( + , - , 0 )
Equilibrium Price ( + , - , 0 )
Equilibrium Quantity Exchanged ( + , - , 0 )
Determinant (1-13)
Explanation / Answer
QUESTION 18
What would happen in the beef market (now) if consumers expected the price of beef to rise dramatically on July 1, 2016?
Demand ( + )
Supply ( 0)
Equilibrium Price ( + )
Equilibrium Quantity Exchanged ( + )
Determinant (1-13)
5 points
QUESTION 19
What would happen in the American beef market if the Chinese government has decided to feed its people (1.4 billion) American beef?
Demand ( + )
Supply ( 0 )
Equilibrium Price ( + )
Equilibrium Quantity Exchanged ( + )
Determinant (1-13)
5 points
QUESTION 20
What would happen in the beef market if the government raises taxes on cattle ranchers?
Demand ( 0 )
Supply ( - )
Equilibrium Price ( + )
Equilibrium Quantity Exchanged ( - )
Determinant (1-13)
5 points
QUESTION 21
What would happen in the beef market if the government reduces income taxes on households?
Demand ( + )
Supply ( 0 )
Equilibrium Price ( + )
Equilibrium Quantity Exchanged ( + )
Determinant (1-13)
5 points
QUESTION 22
What would happen in the beef market if the vegetarian movement became more popular in America?
Demand ( - )
Supply ( 0 )
Equilibrium Price ( - )
Equilibrium Quantity Exchanged ( - )
Determinant (1-13)
5 points
QUESTION 23
Think this one through carefully. What would happen in the beef market if it became more stylish, and very popular, to wear clothing, carry luggage and purchase furniture made of leather? Keep in mind the explanation of Joint Goods in the ASSIGNMENTS section.
Demand ( 0 )
Supply ( - )
Equilibrium Price ( + )
Equilibrium Quantity Exchanged ( - )
If you don't understand any thing then comment, I'ill revert back on the same. :)