The ketogenic diet becomes trendy (it incites to eat more heart-healthy fats as in avocado). How will this event affect the equilibrium price and quantity of avocado at equilibrium? Select one: a. This event is a supply shifter and will result into a decrease in both quantity and price of avocado at equilibrium. b. This event is a supply shifter and will result into an increase in both quantity and price of avocado at equilibrium. c. This event is a demand shifter and will result into an increase in both quantity and price of avocado equilibrium. d. This event is a demand shifter and will result into a decrease in both quantity and price of avocado at equilibrium.

Q: Demography is the study of the structure of human populations – their size, age composition, gender…

A: Companies engaged in international business can offer a range of products and services to countries…

Q: A consumer has $140 in monthly income to be spent on two goods Z and B. The price of good Z (P) is…

A: Concept The marginal rate of transformation of good X for good Y (i.e., MRTxy) refers to the…

Q: Real versus nominal GDP Consider a simple economy that produces two goods: stickers and paper…

A: The market value of the products and services produced during a given period is known as the nominal…

Q: Define rate-of-return relative to medical school education

A: Economics rely on an approach of the rate of return instead of physician to population ratio to…

Q: QUESTION 18 Amir and Samir run a business that sets up and tests computers. Assume that Amir and…

A: Constant rate means that there is no change in the rate throughout.

Q: 1. Given the graph below, would Amy enter the LF? What is her reservation wage? MG) 30 Hours of NMT…

A: Reservation wage is defined as the minimum or the lowest wage rate that a worker is willing to…

Q: 2.[Single Choice] A key factor in producing high economic growth is A) eliminating foreign trade. B)…

A: Disclaimer- “Since you have asked multiple questions, we will solve the first three questions for…

Q: Task Three Explain how the application of monetary and fiscal policy might be used to stimulate a…

A: Monetary Policy and Fiscal Policy Monetary policy is used by central banks to control the amount of…

Q: 2) Use a graph to demonstrate the circumstances that would prevail in a perfectly competitive market…

A:

Q: 20 soybeans 18 16 14 12 10 8 6 Chile's Production Possibilities Frontier 4 (in pounds) 2 4 A. 6…

A: The opportunity costs for an item refers to the best forgone alternative; and help businesses and…

Q: Complete the accompanying table and answer the accompanying questions. (L01, LO6, LO7) a. At what…

A: Net Benefit Maximization: A firm will typically produce where its NB are maximized, or in other…

Q: Midland Metalworking is examining a 750-tonne hydraulic press and a 600-tonne moulding press for…

A: The annual worth is the equivalent uniform annual cost of an asset over its life cycle.It is…

Q: Q12. In efficient financial markets, unregulated competitive bidding should bring about the most…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Assume that a new minimum wage is binding in Delaware for Leah's company and that at this new…

A: Binding minimum wage means that minimum wages set by government are above the equilibrium wages.…

Q: When the wage was $15 per hour, a group of workers supplied 52 hours of work per week on average.…

A: Elasticity of labor supply refers that it is the way to measure the  percent change in amount of…

Q: . Two options of feed-water storage installation are being considered to serve over 20 years of…

A: Present worth In this process of comparison, the cash flows of each option will be reduced to time 0…

Q: Suppose you win a raffle held at a neighborhood elementary school fundraiser and are given the…

A: Present worth (PW) converts the set of future worth to the equivalent set of present sums in terms…

Q: In the United Kingdom, the currency drain ratio is 38 percent of deposits and the reserve ratio is 2…

A: Given information. The currency drain ratio measures the currency-to-deposit ratio. The reserve…

Q: a) Explain ability bias. b) Discuss the method of using data on identical twins to control for…

A: The rate of return to education or the yield is used in economics to understand the behavior of the…

Q: Identify at least two global concerns that are common in the labor industry. Discuss each

A: The economic sector that uses human labor to produce and distribute goods and services is referred…

Q: Consider a system of banking in which the Federal Reserve uses required reserves to control the…

A: The money-multiplier process defines how an increment in the monetary base causes the money supply…

Q: Refer to following table, if the group living in the house consists of Students A, B, and C, the…

A: Cost-benefit analysis is a way of evaluating the costs and benefits of a project to analyze which…

Q: Suppose that MUx = 20 and MUy = 10. Further suppose that the consumer's budget constraint can be…

A: MU, marginal utility is the additional utility gained from consuming one more unit of the good.

Q: Until 1933, the Unites States was on the gold standard, and people could receive gold from the…

A: The total quantity of money that is readily usable in an economy at any given time—including…

Q: Olivia has received a $15 gift certificate that is redeemable only for roasted peanuts. Bags of…

A: A graph of two products combined that provide the consumer with equal utility and satisfaction is…

Q: Consider the simple economy that produces only three products. Use the information in the following…

A: CPI refers that Consumer Price Index which means  a measure of the average change overtime in the…

Q: Compare the characteristics of monopolistic competition (MC) and oligopoly (O) based on the…

A:

Q: Consider an economy with n consumers, one private good and one public good. We think of the private…

A: Social welfare maximization is a concept in economics that refers to the process of maximizing the…

Q: By Labor Economics theory, what are the short-run and long-run effects of immigration on the wages…

A: The impact of immigration on the wages of native workers is a topic of considerable debate among…

Q: Using the graph, complete the table that follows by indicating whether each statement is true or…

A: Elasticity of supply measures the responsiveness of quantity supplied with respect to change in…

Q: Illustrate the market for peanut butter after a major hurricane hits the peanut-growing south

A: A major hurricane hitting the peanut-growing South could have a significant impact on the market for…

Q: 1. Harvey Habit's utility function is U (C₁, C2) = min {c₁, c2}, where c₁ is his consumption of…

A: Most options necessitate decision-makers taking into account costs and advantages at various times…

Q: Solve for the Equilibrium Price and Equilibrium Quantity. Show solutions.   Situation Price…

A: The demand curve depicts the inverse relationship between price and quantity demanded, keeping other…

Q: The multiplier effect of a change in government purchases Suppose there is some hypothetical closed…

A: Aggregate expenditure: aggregate expenditure is the sum of consumption expenditure, investment…

Q: The BEA says “Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the…

A: A country's overall economic output is measured by its real gross domestic product (GDP), which is…

Q: he graph shows a price floor (pflr) that at first happens to lie exactly at the equilibrium price…

A: In the free market, equilibrium price and quantity is determined by the forces of demand and supply…

Q: Assume that there are two Countries, Gabon and Togo. Togo can either produce 100 tons of Palm oil or…

A: International trade refers to trade between two or more than two nations. In international trade,…

Q: Use the chart to answer the following question. Characteristics of a Market Structure Number of…

A: Market structure means how different industries are classified on the basis of various…

Q: Question 2. The value of economic activity: GDP An economy has produced 50 cars and 10 planes in…

A: Gross domestic product measures the market value of final goods and services produced by an economy…

Q: Saving and investment in the national income accounts The following table contains data for a…

A: GDP is the sum of consumption, investment, government expenditure and net exports in an open…

Q: Use the black point (plus symbol) to indicate the equilibrium price and quantity of VR headsets.…

A: In the free economy, the equilibrium price and quantity is determined by the forces of demand and…

Q: Alain Bertaud uses the example of Paris to explain how regulations can distort land prices. What is…

A: The height restriction in Paris was established in the mid-19th century in response to overcrowding,…

Q: The demand for dress shoes is represented by the figure below. Using the midpoint formula calculate…

A: The midpoint formula for elasticity is a widely used formula that measures the responsiveness of one…

Q: Squeezed at home by razor-thin margins and negative interest rates, Japanese banks have more than…

A: Interest rate is reward for savings and cost for borrowing. The market rate of interest is the…

Q: Gina acts as if she maximizes U-xlyl with income Y-16, and prices p, 1 and P,-1. What is the…

A: When the price of a good changes, there are two effects that take place. The first is the…

Q: QUESTION 9 B only Firms C and D A and B OC only A B с D Markets for Goods and Services Markets for…

A: Here we are provided the circular flow of income model in the presence of 2 sectors a) Household B)…

Q: An automobile loan of $29,000 at a nominal rate of 4% compounded monthly for 36 months requires…

A: Financial organisations offer loans for the purchase of capital goods since most often people choose…

Q: just answer 8B only

A: ***Since the student has specifically asked to solve part 8B, hence, the expert has solved only that…

Q: Consumers are told that the consumption of cauliflower will significantly reduce the risk of cancer.…

A: Introduction Consumption is the process of using up goods and services, such as food, energy, and…

Q: If the the quantity of money is $1,600, the velocity of money is 25, and the average price is 100,…

A: Real GDP (Gross Domestic Product) is a measure of the total value of all goods and services produced…