macroeconomics

Project Description:

1) complete the last word question,
last word in some countries, such as france, every corpse, is a available for doctors to “harvest” for organs unless the deceased, while still alive, signed a form forbidding the organs to be harvested. in the usa, is the opposite. no harvesting is allowed unless the deceased had signed, while still alive, and organ, donor form authorizing doctors to harvest any needed organs. use supply and demand figures to show in which country organ shortages are likely to be less severe.

2) what effect will each of the following have on the demand for small automobiles such as the mini cooper and fiat 500? (lo3.2)
a. small automobiles become more fashionable.
b. the price of large automobiles rises (with the price of small autos remaining the same).
c. income declines and small autos are an inferior good.
d. consumers anticipate the price of small autos will greatly come down in the near future.
e. the price of gasoline substantially drops.

3) explain how you understand the determinants of supply and demand

4) explain in 2 complete paragraphs the rationing function of prices and how ticket scalping does not influence the point of equilibrium price.
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