Question: Part (a): Suppose that the demand for the Dates and supply of the Dates in Ramadan both are declined by equal amount over some period

Part (a):

Suppose that the demand for the Dates and supply of the Dates in Ramadan both are declined by

equal amount over some period of time. What you can conclude with this information? Explain

and graphically show the effect on equilibrium price and equilibrium quantity.

Part (b):

Why is money not considered to be a capital resource in economics and why is entrepreneurial

ability considered to be a part of economic resource, distinct from labor? Please suggest two most

important function of entrepreneurs, you think is must?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Redraw the diagram presented in Problem 2. Label each element in the diagram and briefly describe its role and key features. The Information System PROBLEM 2

Q:

Part a: Suppose that the demand for the Dates and supply of the Dates in Ramadan both are declined by equal amount over some period of time. What you can conclude with this information? Explain and...

Q:

Suppose that the demand for the Dates and supply of the Dates in Ramadan both are declined by equal amount over some period of time. What you can conclude with this information? Explain and...

Q:

Question 3: 5 marks Part a - (3 marks) Suppose that the demand for the Dates and supply of the Dates in Ramadan both are declined by equal amount over some period of time. What you can conclude with...

Q:

Suppose that the demand for the Dates and supply of the Dates in Ramadan both are declined by equal amount over some period of time. What you can conclude with this information? Explain and...

Q:

Please help me to solve question 6,7,8,9. Thanks a lot! ECONIOOIM: INTRODUCTORY MICROECONOMICS ASSIGNMENT 1: SEMESTER 1, 2020 Due: Tuesday, May 5th, 2pm Assignments must be submitted via the LMS...

Q:

Question 1 (11 marks) D&D Construction Ltd. is based in Maitland, Nova Scotia. The company takes on construction jobs ranging from small contracts worth just a few thousand dollars to...

Q:

Question 1 (11 marks) D&D Construction Ltd. is based in Maitland, Nova Scotia. The company takes on construction jobs ranging from small contracts worth just a few thousand dollars to...

Q:

A city government has hired a private rm to build a new bridge in the city at a cost of $120M. The bridge has just been completed and opened. If no toll is charged, then 25,000 vehicles (total) cross...

Q:

you will be given a scenario that would cause a shift in supply or demand. You will also be required to show how price/quantity changes as Supply and Demand shifts. You can use Microsoft Word or...

Q:

you will be given a scenario that would cause a shift in supply or demand. You will also be required to show how price/quantity changes as Supply and Demand shifts. You can use Microsoft Word or...

Q:

For decades, New York City has had to deal with the vandalism and defacement of public property caused by unauthorized graffiti. Among other attempts to stop the damage, in December 2005 the city...

Q:

Gonzales Brush Company sells standard hair brushes. The following information summarizes Gonzales's operating activities for 2018: (Click the icon to view the information.) Requirements 1. Calculate...

Q:

WSI provided batting lessons to the Dodgers during November 2 0 2 4 . A bill for $ 5 0 0 was sent but the payment has not arrived yet. Balance Sheet: Cash Asset + Non - cash Assets = [ Select ] [ " -...

Q:

A cat rides a merry-go-round turning with uniform circular motion. At time t1 = 2.00 s, the cat's velocity is v1 = (3.00 m/s) i + (4.00 m/s) j, measured on a horizontal xy coordinate system. At t2 =...

Q:

Show that a depth-first search of an undirected graph G can be used to identify the connected components of G, and that the depth-first forest contains as many trees as G has connected components....

Q:

A parallel-plate capacitor is constructed by filling the space between two square plates with blocks of three dielectric materials, as in Figure P26.61. You may assume that , d. (a) Find an...

Q:

Two particles, with charges of 20.0 nC and - 20.0 nC, are placed at the points with coordinates (0, 4.00 cm) and (0, -4.00 cm), as shown in Figure P25.28. A particle with charge 10.0 nC is located at...

Q:

A disk of radius R (Fig P25.71) has a non-uniform surface charge density 0 = Cr, where C is a constant and r is measured from the center of the disk. Find (by direct integration) the potential at P. R

Q:

CASE STUDY: A large Transformational Medical Technologies and Services Organization. Business Problem :- The client offered a hosted Electronic Medical Record (EMR) solution and wanted to build a...

Q:

Wear as little as possible

Q:

Be relaxed at the hips

Q:

Do not take criticism personally, even if it is meant to be personal.