Suppose the market for almonds is in equilibrium. Consumers are expecting that the price of almonds will increase in future in the market. If all other variable are held constant, what would you expect for the new price and quantity of almonds?

/in /by

Suppose the market for almonds is in equilibrium. Consumers are
expecting that the price of almonds will increase in future in the
market. If all other variable are held constant, what would you expect
for the new price and quantity of almonds?

You might also like
Consider a consumer who is choosing how many of two goods to buy: Footballs and cricket balls. The consumer has an income of $20, and the cost of a football is $4 and a cricket ball is $2. (a) Write down the equation for the consumer’s budget constraint and graph it.(b) The government decides that football is evil and needs to be taxed. They introduce a 50% tax on each football sold. Rewrite and re-graph the budget constraint.(c) A new government is elected that hates all sports. They now tax both footballs and cricket balls at 50%. What does the budget constraint look like now?
"The Organization of Petroleum Exporting Countries (OPEC) has decided to increase the global oil price." Identify if the above situation change/shift the AGGREGATE SUPPLY OR DEMAND CURVES IN THE SHORT TERM, or BOTH.USE AD-AS to ILLUSTRATE(DRAW A GRAPH) and EXPLAIN the impact of situation that change/shift the curve.
Suppose a firm faces a cost function of 248qqC (i) what is the firm’s fixed cost? (ii) derive the expression for the firm’s variable cost and marginal cost.
An orange cost #5 and an apple cost #10. The first orange consumed by musa yielded marginal utility (MU) of 55 utils and at every subsequent consumption of an orange, the marginal utility (MU) diminishes by 5 utils while the first apple consumed by him yielded 80 utils and at every subsequent consumption marginal utility (MU) diminishes by 10 utils. A. Present this in a marginal utility (MU) schedule to the fifth orange and apple purchased. B. How many oranges and apple will he buy in order to maximize his utility? C. How much will he spend on the fruits? D. What should he do if his marginal utility (MU) of orange is 35 utils
i. Briefly outline the steps involved in hypothesis testing ii. Use a table to illustrate how Type I and Type II error can occur
ORTIA had to follow certain stages in the design of their services. Which one of the following is NOT one of these stages? 1 Screening process 2 Evaluation and improvement 3 Work measurement 4 Concept generation
The monopolistic competitor faces a demand curve given by q(p)=50-5p.its cost function is c(y)=4y .what is it's optimal level of output and price
Econometrics deals with the measurement of economic relationships which are stochastic or random. The simplest form of economic relationships between two variables X and Y can be represented by: Yi   0  1Xi Ui ; where  0 and 1  are regression parameters and Ui  the stochastic disturbance term What are the reasons for the insertion of U-term in the model?