This is an assignment that focuses on the rationale based on the determinants of demand and supply. The paper also contains other scenario-based problems.,The rationale based on the determinants of demand and supply,For this activity, complete four of the five scenario-based problems. Prepare a document to explain your answers and graph your solutions. Make sure to use references in APA format to support your positions. Joshua’s income increases, while federal taxes increase; therefore, please illustrate by constructing a supply and demand graph, the direction in which the curves will shift and state the new equilibrium price and quantity; for example, state whether price and quantity increased, decreased, or are indeterminate.,Please explain your rationale based on the determinants of demand and supply. He was excited about the new technology incorporated in his SUV but they did not live up to his expectations; therefore, please illustrate by constructing a supply and demand graph, the direction in which the curves will shift and state the new equilibrium price and quantity; for example, state whether price and quantity increased, decreased, or are indeterminate. Please explain your rationale based on the determinants of demand and supply.,Demand and supply,Kim is in the market for a new automobile, and since she was just promoted at work. Her tastes in higher-end automobiles has increased, but to her surprise taxes have decreased, which make a new automobile more attractive; therefore, please illustrate by ,constructing a supply and demand graph,, the direction in which the curves will shift and state the new equilibrium price and quantity; for example, state whether price and quantity increased, decreased, or are indeterminate.,Please explain your rationale based on the determinants of demand and supply. U.S. agricultural farmers are excited since the government announcement of an increase in subsidies even though the substitutes for agricultural goods that are import have increase in demand; therefore, please illustrate by constructing a supply and demand graph, the direction in which the curves will shift and state the new equilibrium price and quantity; for example, state whether price and quantity increased, decreased, or are indeterminate.,Please explain your rationale based on the determinants of demand and supply. Due to advanced technology, the price of substitute goods for higher education has increased in demand; please illustrate by constructing a supply and demand graph. Also, the direction in which the curves will shift and state the new equilibrium price and quantity; for example, state whether price and quantity increased, decreased, or are indeterminate. Please explain your rationale based on the determinants of demand and supply.,Attachments,Click Here To Download,
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