- Does an increase in average income cause a shift of the demand curve for coffee or a movement along the demand curve? Explain briefly.
- The estimated supply function for avocados is Q = 58 + 15p – 20pf, where pf is the price of fertilizer. Determine how much the supply curve for avocados shifts if the price of fertilizer rises by $1.10 per lb. Illustrate this shift in a diagram. Explain why a change in the price of fertilizer causes a shift in the supply curve for avocados rather than a movement along the supply curve for avocados.
- Coffee is the most popular beverage in Greece. A large proportion of the coffee consumed in Greece is imported from Brazil. What effect would a drought that severely reduces coffee production in Brazil have on the price and quantity of coffee in Greece? What effect would the drought have on the price of tea, a substitute for coffee, in Greece? Use supply and demand diagrams in your answer.
The Muslims expressed their resentment through the press and warned the British government of the grave consequences of helping the Balkan states. In November 1912, when the Prince of Wales visited India at that time the Muslims as a protest against the British policy towards the Turks, boycotted the functions held to welcome him. Nothing less than forty thousand Muslims were sent to jail, several lawyers boycotted the law courts, hundreds of students gave up their studies, hundreds resigned from the government services and over a thousand people were killed in Malabar (Ahmad, 2005). On 4 August 1914, the World War 1 was broke out. At that time the Muslims leaders were once again met at Delhi (India) and decided to send a telegram for Sultan of Turkey not to join the war. However, on 4 November 1914, Turkey joined Germany in the war against the Allies. Henceforth, the plight of Turkey remained the main cause of anxiety for the Muslims of south Asia and they tried to give Turkey all possible help. The effect of the World War 1, in which the Ottomans found themselves on the side of the central powers, was the final integration of the Turkish Empire and the division of its territories as spoils of war between the victors-the British and the French. In June 1916 Sharif Hussain revolted against the sultan and seized power in Hejaz. At that time the Muslims of British India considered this rebellion a British engineered stab in the back of the Millat. Thus All India Muslim League passed a resolution and condemning the outrageous conduct of >GET ANSWER