Economics Assignment | College Assignment: I need help writing a research paper.
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Determinants of demand The following calculator shows the demand curve for sedans (for example, Toyota Camrys or Honda Accords) in New York City.
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For simplicity, assume that all sedans are identical and sell for the same price. Initially, the calculator shows market demand under the following circumstances: Average household income is $50,000 per year, the price of a gallon of regular unleaded gas is $4 per gallon, and the price of a subway ride is $2.00.
Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Demand for Sedans 0 100 200 300 400 500 600 700 800 900 40 30 20 10 0 PRICE (Thousands of dollars per sedan) QUANTITY (Sedans per month) Demand Graph Input Tool Demand for Sedans Price of a sedan (Thousands of dollars) Quantity Demanded (Sedans per month) Demand Shifters Average Income (Thousands of dollars) Price of Gas (Dollars per gallon) Price of a Subway Ride (Dollars) Consider the graph.
Suppose that the price of a sedan increased from $10,000 to $15,000. This would cause a demand curve. An increase in average income causes a rightward the demand curve; therefore, you may conclude that sedans are good. (Hint: Try substituting different values for Average Income in the calculator and observing what happens.) Suppose that, due to an increase in the number of subways, the price of a subway ride falls from $2.00 to $1.50. Because driving a car and taking the subway are, a decrease in the price of a subway ride shifts the demand curve for sedans to the. Business Homework Assignment help
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1. Completing the Order Form
You will complete an order form on our website application with your assignment instructions; filling in all of the sections with as much detail as possible.
2. Assignment of Expert Writer
We analyze your order and match it with a writer who has the unique academic and skill qualifications to work on it optimally. Research and analysis Work begins immediately from scratch—plagiarism free custom writing services.
3. Progress, Communication and Submission
You and your writer communicate directly during the process, and, once you receive the final draft, you can either approve it or ask for free revisions until the paper meets your gradinng criteria standards.
4. Feedback—reviews and Recommendations
We want to know how your experience from the quality of the written paper and the deadline. You can always leave clients’ testimonials upon approving the paper, and recommend the best writer for future assistance with your assignments
