Worksheet 2 Major Markets Name: Claudia Penacountry Australi

Question

Worksheet 2 Major Marketsname Claudia Penacountry Austrailiadirec Worksheet 2- Major Markets Name: Claudia Pena Country: Australia Directions: Go to the CIA Fact Book, and look up the country Australia. Then complete the questions below. 1. What is a major industry in your country? (For example, Copper is a major industry in Zambia). Answer: 2. Go to Google and find information on the market price of the product. (For example, for Zambia you would Google ‘What is the market price of copper?’ Answer: 3. On the graph below DRAW a demand curve and supply curve for your product. Label the horizontal and vertical axes, and label the curves. 4. Suppose consumer income increased. What impact would you expect an increase in consumer income to have on the market shown in question 3? Answer: Reply JWJ 3-1 (Reply 150 words with 1 response) The elements of an APA manuscript include a title page, an abstract, a main body, references, tables, and figures. For editing purposes, tables and figures should be placed at the end of the manuscript. Each table should be given on a separate page following the references (Privitera, 2018). These are inserted into the main body of the finished manuscript upon publication. Each table should include notes. Subsequently, figures should be placed on separate pages. Figures are also added to the main body for publication of the manuscript. Tables and figures help the reader visualize and understand what the author is intending to depict. Writing a manuscript for publication is one of the three key methods of communication among scientists (Privitera, 2018). To be considered for a peer review journal, typically, APA style is required. Not only the elements of the manuscript should be present, but there should also be a high level of professionalism. APA has four general writing guidelines that help the author achieve the consideration for a peer reviewed manuscript. The first is Be Accurate. This is important as it reflects the credibility of the

Dr. Jack HW Helper · Accepted Answer

The assignment involves analyzing the major market of Australia, focusing on its primary industry, market price, and how changes in consumer income can influence market dynamics. By examining Australia's economic landscape through reputable sources such as the CIA World Factbook and Google, we gain insights into pivotal sectors like mining, agriculture, or services that dominate the economy. For this exercise, let's consider the mining industry, which is notably vital to Australia’s GDP and export revenue. The market price of a key product within this industry, such as iron ore, can be sourced from financial news outlets or commodity price databases. As of recent reports, the price of iron ore fluctuates considerably, influenced by global demand and supply, trade policies, and economic cycles. Accurate and specific figures are essential for market analysis—these can be found through market research tools or commodity exchanges. For instance, current market prices hover around $100–$150 per ton, reflecting the commodity’s volatility. Drawing a demand and supply curve requires understanding how price and quantity relate. The demand curve typically slopes downward, indicating that as the price decreases, consumers are willing to buy more, whereas the supply curve slopes upward, meaning producers supply more at higher prices. Labeling axes—price on the vertical and quantity on the horizontal—is crucial. The curves should intersect at a point indicating the equilibrium price and quantity. For example, assuming a steady demand curve and an upward-sloping supply curve for iron ore, the intersection point reveals the market balance. An increase in consumer income generally shifts the demand curve to the right, reflecting higher consumption willingness at each price point. For a product like iron ore, higher income might increase demand as industries expand and infrastructure projects grow, leading to increased purchase and price levels. This shift results in a higher equili

Worksheet 2 Major Markets Name: Claudia Penacountry Australi

Worksheet 2 Major Marketsname Claudia Penacountry Austrailiadirec

Paper For Above instruction

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Worksheet 2 Major Marketsname Claudia Penacountry Austrailiadirec

Paper For Above instruction

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