economics questions

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1)Find data to show what happened to the UK house prices in the period 1997 to 2014. What determines the demand of housing? What determines the supply of housing? Explain how market forces operate to determine a market price min. 200 word “Healthy Ltd” is a small producer of potatoes. The potatoes market is a competitive industry populated by a large number of small firms. At present the industry is away from its “long-run” equilibrium and Healthy Ltd is making economic losses. a) Draw a graph(by using excel) showing the market demand for and supply of potatoes and illustrate the current position of Healthy Ltd. Is it certain that Healthy Ltd will cease to produce potatoes? Explain your answer. b) How will the market for potatoes adjust in the long-run and in what sense will the long-run equilibrium prove efficient? c) How will the market adjust to a serious study that reveals the health benefits of potatoes? Explain using appropriate analysis.

Economics

Excel

Technical Writing

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