CourseWork

Not Rated (0)

$15/per page/

About CourseWork

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Applied Sciences,Chemistry See all
Applied Sciences,Chemistry,Communications,Economics,Engineering,Environmental science Hide all
Teaching Since: Apr 2017
Last Sign in: 270 Weeks Ago, 6 Days Ago
Questions Answered: 352
Tutorials Posted: 351

Education

  • MBA,PHD in Psychology
    Northwest Florida State College
    Jun-1992 - May-1997

Experience

  • Professor
    Northwest Florida State College,
    Aug-2006 - Nov-2015

Category > Economics Posted 05 May 2017 My Price 9.00

The supply of aluminum in the United States

The supply of aluminum in the United States depends on the price of aluminum and the average price of electricity (a critical input in the production of aluminum). Assume that an increase in the price of electricity shifts the supply curve for aluminum to the left (i.e., a higher average price of electricity decreases the supply of aluminum). The demand for aluminum in the United States depends on the price of aluminum and on national income. Assume that an increase in national income shifts the demand curve for aluminum to the right (i.e., higher income increases the demand for aluminum). In 2004, national income in the United States increased, while the price of electricity fell, as compared to 2003. How would the equilibrium price of aluminum in 2004 compare to the equilibrium price in 2003? How would the equilibrium quantity in 2004 compare to the equilibrium quantity in 2003?

Answers

CourseWork
Not Rated (0)
Status NEW Posted 05 May 2017 01:05 PM My Price 9.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g S-----------obt-----------ell----------- an-----------d a-----------cqu-----------isi-----------tio-----------n o-----------f m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age----------- I -----------wil-----------l b-----------e c-----------atc-----------h

Not Rated(0)
Relevent Questions