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hello there, I have assignment which is 3 quistions and you find the answer from the article. Read this Wall Street Journal article"Artifact Prices Draw Looters" and answer the questions below. 1. Does an increase in the demand for Indian artifacts cause an increase in the quantity supplied of these artifacts? 2. Does an increase in the unemployment rate result in an increase in the supply (i.e., a shift in the supply curve to the right) of Indian artifacts? Discuss opportunity cost of time. 3. What is the effect of an increase in both the demand and supply of Indian artifacts in the equilibrium prices and quantities?

Date Posted: 27/04/2017
Category: General
Due Date: 28/04/2017
Instruction
hello there,

I have assignment which is 3 quistions and you find the answer from the article.

Read this Wall Street Journal article"Artifact Prices Draw Looters" and answer the questions below.



1. Does an increase in the demand for Indian artifacts cause an increase in the quantity supplied of these artifacts?


2. Does an increase in the unemployment rate result in an increase in the supply (i.e., a shift in the supply curve to the right) of Indian artifacts? Discuss opportunity cost of time.


3. What is the effect of an increase in both the demand and supply of Indian artifacts in the equilibrium prices and quantities?
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