DUE: Beginning of class on Thorsday, September 20th, 2018. Demand and/orShifts L
ID: 1137406 • Letter: D
Question
DUE: Beginning of class on Thorsday, September 20th, 2018. Demand and/orShifts Left Price Increases, Shift Factor The following shifts are occurring in the market for U.S. wooden baseball bats. Quamtity Increases 1). The emerald ash borer, an exotic wood-boring beetle, has killed hundreds of millions of ash trees in North America. Ash is an important resource used to make products from baseball bats to flooring & furniture. 2). South Korea currently buys wooden baseball bats from the U.S, and the exchange rate changes from 1,200 won/1 U.S.S to 1,000 won/1 U.S.S 3) Oakland A's, Khris Davis, a huge fan favorite, uses a Marucci NC23 wooden baseball bat in his attempt to hit the most home-runs in the 2018 season; during the same season, workers at the two largest U.S. wooden baseball bat factories go on strike, demanding better wages & health care The following shifts are occurring in the market for TARTA (Toledo's public bus serivce), an inferior service. 4). The fares for Toledo-area taxis, a substitute service for TARTA, rise A flu outbreak occurs, and, as a result, riding TARTA increases your risk of getting the flu. 5). 6). TARTA has gone green" and now uses biofuels made from corn & soybeans this move has lowered TARTA's maintenance costs. At the same time, Congress approves a tax cut, resulting in higher disposable incomes for con U.S. Trade Deficit Improves or Left U.S. Dollar Demand The following shifts are occurring in the U.S. dollar market. an cars are suddenly becoming more popular abroad. 8). The United States falls into a recession.Explanation / Answer
1. Demand shifts leftward equilibrium prices decreases and quantity also decreases.
2. Demand and supply shift rightward equilibrium prices decreases and quantity increases.
3. Supply shift leftward equilibrium prices increase and equilibrium quantity decreases
4.demand shift rightward equilibrium prices can not be determined and equilibrium quantity increases.
5. Demand and supply shifts leftward equilibrium prices decreases and equilibrium quantity decreases.
6. Demand shifts rightward equilibrium prices can not be determined and quantity increases
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