Need assistance with these five short questions. I will provide you book link to access the chapters.
1. If both supply and demand curves shift to the right, how would the market price and quantity change? (Minimum words requirement: 100 words)
2. Suppose the U.S. dollars appreciate against Japanese Yuan. Would imports from Japan to the U.S. increase or decrease? Would exports from the U.S. to Japan increase or decrease? (Minimum words requirement: 100 words)
3. Suppose both exports and imports rose this year, but imports grew faster than exports. Would aggregate demand rise or fall as a result of this trend?
4. Does an increase in the interest rate cause the MP curve to shift down or up? (Minimum words requirement: 100 words)
5. Suppose there are two distinct industries – (1) the fast food industry and (2) the sporting good industry. Classify each industry into one of following market structures
– Perfect competition
– Monopoly
– Monopolistic competition
– Oligopoly
