The Basics of Supply and Demand Essay Example for Free

The Basics of Supply and Demand Essay 1) Use supply and demand curves to illustrate how each of the following events would affect the price of butter and the quantity of butter bought and sold: a. An increase in the price of margarine. b. An increase in the price of milk. c. A decrease in average income levels. 2). Use Supply and demand curve shifts to illustrate the effect of the following events on the market for apples. Make clear the direction of the change in both price and quantity sold. a. Scientists find that an apple a day does indeed keep the doctor away. b. The price of orange triples. c. A drought shrinks the apple crop to one-third its normal size. d. Thousands of college students abandon the academic life to become apple pickers. e. Thousands of college students abandon the academic life to become apple growers. 3) The rent control agency of New York City has found the aggregate demand is QD = 100 5P. Quantity is measured in tens of thousand of apartments. Price, the average monthly rental rate, is measured in hundreds of dollars. The agency also noted that the increase in Q at lower P results from more three-person families coming into the city from Long Island and demanding apartments. The city’s board of realtors acknowledges that this is a good demand estimate and has shown that supply is Qs =50 + 5P. a. If both the agency and the board are right about demand and supply, what is the free market price? What is the change in city population if the agency sets a maximum average monthly rental of $100, and those who cannot find an apartment leave the city? b. Suppose the agency bows to the wishes of the board and sets a rental of $900 per month on all apartments to allow landlords a â€Å"fair† rate of return. If 50 percent of any long-run increases in apartment offerings comes from new construction, how many apartments are constructed? 4) Much of the demand for U.S agricultural output has come from other countries. From Example 2.4, total demand is Q = 3244 283P. In addition, we are told that domestic demand is Qd =1700 – 107P. Domestic supply is Qs = 1944 + 207P. Suppose the export demand for wheat falls by 40 percent. a. U.S farmers are concerned about this drop in export demand. What happens to the free market price of wheat in the United States? Do the farmers have much reason to worry? b. Now suppose the U.S government wants to buy enough wheat each year to raise the price to $3.50 per bushel. With this drop in export demand, how much wheat would the government have to by each year? How much would this cost the government?

Sociology and Disabilities :: Sociology Essays

â€Å"If the technology became available for the deaf to hear completely, would you want your deaf child to have this technology?† It is every parent’s dream for their child to grow up healthy and happy. There are so many children in the world that do not have the ability to hear, and it is a horrible thing. Many would think it wrong for a parent to not want to give their child the gift of sight. If I had a child that was deaf, I would do everything in my power to help them get their hearing. If the technology was there to fix this disability, why wouldn’t anyone want their child to have it? â€Å"840 babies are born with a permanent hearing loss every year.†(NDCS of UK). This is a horrible number to hear, that so many children will never be able to hear. If there was any technology able to restore a child’s hearing it would be a shame if the parents didn’t get it. â€Å"Deaf children face tremendous difficulties learning to read, write and communicate with the hearing world around them.†(NDCS of UK). Not only would you be giving your child the gift of hearing by using this technology, but you will also help child to be able learn on the normal level of other children.   Ã‚  Ã‚  Ã‚  Ã‚  It is also true that we can change and enhance our body features through elective cosmetic surgeries. Many people choose to undergo these surgeries because they are unhappy with their appearance. I feel that these procedures are unnecessary, and that you shouldn’t undergo surgery unless you need it for your health. I believe that people go through these procedures purely because they have low self-esteem. Society tells them that there is something wrong with their body, and they feel that they need to change it to fit in. I think that this is a way to see if someone is truly happy with themselves, as we all should. No one is perfect, so no one should try to be it. It’s just a waste of time and money on their part all so they can fit in, which I think is pathetic. It is always a risk to undergo surgery, and there is no reason to put yourself in unnecessary risk. I think that it is ridiculous to put yourself through something like that. If I had a ten year old dark-skinned African American daughter who wanted blue contact lens, have her skin chemically lightened, and straighten her hair, I definitely say no.

Distracted Driving

I do it; you do it, that guy over there definitely does it. What do we all do? We drive! When the automobile was first produced in 1885 it was designed to get people from one place to another. However, their purpose has evolved- now we use them as a beauty parlor, a lunchroom, or home office location. But however you use it approximately 115 people will use their cars as a death bed everyday. Distracted driving has become one of today’s largest transportation issues.On a daily basis distracted driving puts millions of drivers and passengers in danger. So today we will look at what distracted driving really is, what the consequences of driving while distracted are, and what people can do to drive more safely. We all know we have been at fault at some point; we do it without thinking about it. When our phone rings our first instinct is to answer it, when we pick up McDonalds we eat it, we see a pimple we cover it.Most of us don’t think about the consequences that are to c ome along if we do them while driving. According to studies released by the National Highway Traffic Safety Administration and the Virginia Tech Transportation Institute, 80% of crashed and 65% of near-crashed involves some kind of driver distraction. Driving with distractions has become one of today’s leading causes of death for 16-20 year olds. Distractions while driving includes texting, note taking, applying makeup, eating, and much more. Distracted Driving I do it; you do it, that guy over there definitely does it. What do we all do? We drive! When the automobile was first produced in 1885 it was designed to get people from one place to another. However, their purpose has evolved- now we use them as a beauty parlor, a lunchroom, or home office location. But however you use it approximately 115 people will use their cars as a death bed everyday. Distracted driving has become one of today’s largest transportation issues.On a daily basis distracted driving puts millions of drivers and passengers in danger. So today we will look at what distracted driving really is, what the consequences of driving while distracted are, and what people can do to drive more safely. We all know we have been at fault at some point; we do it without thinking about it. When our phone rings our first instinct is to answer it, when we pick up McDonalds we eat it, we see a pimple we cover it.Most of us don’t think about the consequences that are to c ome along if we do them while driving. According to studies released by the National Highway Traffic Safety Administration and the Virginia Tech Transportation Institute, 80% of crashed and 65% of near-crashed involves some kind of driver distraction. Driving with distractions has become one of today’s leading causes of death for 16-20 year olds. Distractions while driving includes texting, note taking, applying makeup, eating, and much more.

The Epic Hero in Homer´s The Odyssey - 609 Words

Epic Heroes are those that portray extraordinary traits, in which of displaying honor, integrity, sacrifice for the better, and loyalty. They are considered role models in a sense, thus providing the lessons, morals, and beliefs. Whether it is judging right from wrong, accomplishing the greater good, and many others teach lifelong messages that will continue to be passed down generation after generation. The Odyssey was written by a blind poet named Homer, who was also renowned author of The Iliad. Inside the story, the literary elements of this legend had brought these types of Heroes alive, like a perfected dream becoming into a reality. They are jam-packed throughout the story, bringing the story alive through various techniques. Two specific examples are sensory imagery, and characterization, both of which are exposed the most and play the most vivacious role in Book 12 of the Odyssey: The Sirens; Scylla and Charybdis. In this Book, Odysseus and his crew have returned from the L and of the Dead, of where that they have visited had received the prophecy told be Tiresias, the prince of Thebes, back to Circe’s island. There, Circe converses with Odysseus, explaining all the paths and obstacles that he and his crew must endure before leaving the island: the Sirens, Scylla, and Charybdis. When he and his crew set sail, they encountered the Sirens, whom that lures men with their singing, causing them to be attracted into a trance, and will never see their family again.Show MoreRelatedHomer s Epic Hero, The Odyssey, By Homer1670 Words   |  7 Pagesthe greatest tales of a hero is one of a man returning home after war. King of Ithaca, Odysseus was a Greek champion in the Trojan War. However, he is known best not for his heroic acts during combat, but for his journey back to Ithaca, to his wife and son, in the ten years that follow. In Homer’s epic hero, The Odyssey, the Greek poet tells of Odysseus’s hardships and how he used his heroic t raits to overcome them. The myth is told in twenty four books. Odysseus is a hero because of his clevernessRead MoreThe Hero Of Homer s Epic Tale, The Odyssey1922 Words   |  8 Pagesthe mythological Grecian subject of Homer s epic tale, The Odyssey. This legendary figure displays exemplary brains and muscle, appearing almost superhuman at times. He embodies the ideals Greeks heroes aspired to: manly valor, loyalty to both his family and friends, as well as keen intelligence. The popularity of Odysseus has proven timeless; to this day, he remains greatly admired as both a hero, and an ordinary man who must overcome hurdles and embark on epic adventures in order to regain theRead MoreHomer s Odyssey : The Epic Hero999 Words   |  4 Pages Odysseus can be classified as one of the most well-known epic heroes, and a clear example of Greek priorities and ideals. Written many years after, the Aeneid likewise depicts an epic hero, Aeneas, that also completes a long journey and has closely related aspects to the story of the Odyssey. Virgil’s Aeneid imitates various crucial aspects of Homer’s Odyssey, including: the main protagonist passing through comparable sexual temptations, a similar relationship with the gods, and an analogous endRead MoreOdysseus - a Different Type of Hero1225 Words   |  5 PagesOdysseus Ââ€" A Different Type of Hero The Homeric epic, the Odyssey, is set in the peaceful years following the Trojan War, and concerns the returning heroes on their journeys home, in particular Odysseus of Ithaca. Odysseus is an epic hero; he displays courage, superior strength, and leadership, all qualities that people admire. While displaying these archetypal heroic traits he also displays his weaknesses as a man, particularly his excessive pride, which actually make him easy to relate to. SoRead MoreThe Epic Of The Odyssey Essay942 Words   |  4 Pagesman who knows it s his right to be king, but who has to deal with adversity in order to get there. However, compared to Odysseus in The Odyssey, who is strong, but untrusting, we will soon see that Sunjata is not only a man but a hero. In both texts we see each man adored by many and even compared to Gods like Odysseus in The Odyssey. However, when we break down the words of each epic we are faced to confront the truths of what a hero really is. This claim explains w hy The Odyssey expresses a falseRead MoreHistory, Symbolism, and Characters in Homer’s The Odyssey 1118 Words   |  5 Pages In The Odyssey, it takes Odysseus twenty years to make it home from the Trojan War. On his journey home, he runs into many obstacles and creatures that he must overcome. He encounters the sirens, the Cyclops, and others. Each event in this epic poem has a symbolic meaning behind it. Homer writes about the history, symbolism, and the characters in The Odyssey. The Odyssey is about the Greek gods and heroes and their adventures (Makman). Odysseus is the main character, and he is going on a questRead MoreGreek Epics873 Words   |  4 PagesGreek Epics There are some challenges in each history period, and authors will create some heroes in their epics that reflect values of the culture at the time. By studying the hero’s actions and his motivations, it tells the society conditions and the civilization of that history period. Homer; the authors of The Iliad and The Odyssey; and Vergil; the authors of The Aeneid are two of the greatest writers in ancient western civilization. There are heroes in these three literatures to reflectRead MoreThe Odyssey Heros Journey Essay1322 Words   |  6 PagesThe timeless story, The Odyssey, has left it’s mark in literature as one of the first narratives depicting the hero’s journey cycle. This work of creative writing has laid the foundation of storytelling that would later inspire other popular writings like, The Hunger Games, The Lord of The Rings, and Harry Potter. How has this ancient novel withstand the sands of time and remain relevant and appealing even to modern day readers? The Odyssey touches upon many topics that appear attractive to evenRead MoreThe Bronze And Iron Age Essay2093 Words   |  9 PagesQuestion: 1-What Can Homer tell us about the Bronze and Iron Age The Bronze and Iron Ages were 2 of the main periods in Greek History and Homer can tell us a lot about them. The Bronze Age was all about mixing copper with tin or arsenic to bronze hence it is called the Bronze Age. The Iron Age was when the whole of the east Mediterranean was in crisis. In central Anatolia, the collapse of the Hitties opened the gates to invaders who overran the country. Firstly, let’s talk about Homer- a lot of the worksRead MoreKleos in The Odyssey by Homer938 Words   |  4 PagesTHE ODYSSEY Heroic glory occupies a very crucial place in the Indo-European epic tradition, because the Greek society is a shame culture, in which being honoured is one of the primary purposes of people s lives. Hence, the concept of kleos formed an essential part of the bardic tradition which helped the people to maintain the heroic stature of the mythical heroes from generation to generation. This is why, it has got an important place in the Greek epics also. In The Odyssey by Homer also