Determine the supply of clothing when demand is given

A pair of possible descriptions for simultaneous transfers of the demand for clothing from D₀ to D₁ while the supply of clothing transferred from S₀ to S₁ could be which: (1) unexpectedly cold and frequent blizzards caused Minnesotans to buy more woolens, when an epidemic which made sheep go bald drove down the price of wool. (2) global warming caused the silkworm population to explode and mature exceptionally quickly, and fashionistas persuaded lounge lizards to wear only last-year's vintage denim. (3) college fraternities needed their pledges to wear three-piece suits 8 hrs daily and to donate all T-shirts to the Salvation Army. (4) deforestation decimated the population of wild acrylics within a single season when surfers began wearing head-to-toe scuba suits while cancer via sun damage became rampant. (5) textile employees responded to stiff tariffs on imported apparel along with a nationwide strike.

View Complete Question

Related Questions in Public Economics

Q : Allocative mechanisms of Economic

Economic systems (example: capitalism versus socialism) are mainly distinguished by their relative reliance on alternative allocative mechanisms, and particularly by: (1) Who builds major economic decisions and who owns non-human resources. (ii) The level of inequalit

Q : Laws and government regulations of

Most of the economists agree that the property rights are finally defined and recognized primarily by: (i) The ‘invisible hand’ of the market system. (ii) The labor theory of value. (iii) Laws and government regulations. (iv) Supply and demand. (v) The bru

Q : Explain about the Invisible hand of

The “invisible hand” of Adam Smith explained: (w) a large function for the government. (x) altruist motives within civilized society. (y) technological advances promoted through monopolies. (z) self correcting market mecha

Q : Explain statement of normative

Please help me to solve the problem of normative economics that is given below: Normative economic hypotheses would contain the statement which: (i) Earth consist of five moons composed of blue che

Q : Case of economic capital involve in

When Farmer MacDonald decides to plant a field complete of rutabagas, the economic capital involved within such crop production process would consist of the: (i) tractor he rides. (ii) land he farms. (iii) physical effort he puts into farming. (iv) money invested from

Q : Why is a wristwatch a model of the

A wristwatch is a model of the passage of time since it gives a: (w) simple representation of a complex process. (x) good illustration of modern technology. (y) way to coordinate human activity. (z) unique statement of one's personality.

Q : Determine desirable items without

Desirable items without opportunity costs are termed as: (i) free goods. (ii) economic goods. (iii) capital goods. (iv) financial goods. (v) gifts of nature. Hey friends please give your view for the problem of opportunity

Q : Human choices and consequences in

Economics as like a Science is most relates with: (a) human consequences and their choices. (b) mathematical formulas to compute profit. (c) how government agencies price services and goods. (d) wealth accumulated through private ente

Q : Problem on equivalent amounts of goods

Can someone help me in finding out the right answer from the given options. According to the equivalent share criterion of distribution, individuals must: (i) Share income according to personal requirement. (ii) All produce equivalent shares of output. (iii) Each cons

Q : Define smog as in Bads economics problem

Smog is: (w) a good since this gives the air texture. (x) a bad because most people would pay to find rid of this. (y) a free good since you could consume all you desire without having to pay for this. (z) an inefficient utilization of resources.

Discover Q & A

Leading Solution Library

Avail More Than 1416290 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1949882
Asked

3,689

Active Tutors

1416290

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment