Demand

 

1. Determine which of the demand curve shifters (PYNTE) would apply to each situation. Explain whether the event will increase or decrease demand for movie tickets. Tell whether the demand curve shifts to the right or to the left.
a. A decrease in the incomes of consumers of movies.
b. An increase in the price of Red Box movie rentals.
c. An increase in the number of consumers in the market for movies.

Sample Solution

Demand

The demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period of time. In a typical representation, the price will appear on the left vertical axis, the quantity demanded on the horizontal axis. Other things that change demand include tastes and preferences, the composition or size of the population, the prices of related goods, and even expectations. A change in any one of the underlying factors that determine what quantity people are willing to buy at a given price will cause a shift in demand. As these factors change, so too does the quantity demanded.

 

 

Nanotechnology

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image of nanotechnology

By Nicholas Klacsanzky

Among all the mechanical miracles of advancement, there is one that, in context, can reform reality. During the ongoing two centuries, there have been a few such revelations: power, radio waves, flight, atomic vitality, the Internet, and others. Be that as it may, today mankind remains on the edge of something totally new: nanotechnology.

To begin the clarification of nanotechnology appropriately, let us make sense of what is this “nano” some portion of the word. “Nano” is a prefix utilized in the decimal standard, which means one billionth piece of something; along these lines, nanometer, a standard estimation unit, is a 0,000000001 piece of a meter. To have the option to envision how little this worth is, let us allude to models. One inch is 25,400,000 nanometers. Indeed, even a progressively illustrative model: a sheet of normal office A4 paper is 100,000 nanometers thick (Nano.gov). Human hair is around 80,000 nanometers thick (Nanowerk.com). As a rule, “nano” in “nanotechnology” signifies “little, small.”

All in all, right now, precisely is nanotechnology? As per the U.S. National Nanotechnology Initiative, nanotechnology suggests the capacity to comprehend and control matter at measurements between roughly from 100 up to one nanometer; it likewise includes imaging, estimating, displaying, and controlling issue at the assessed length scale (Nanowerk.com). At the nanoscale, matter has novel properties; properties of materials act under nuclear and sub-atomic guidelines, and this is the reason nanotechnology is so best in class: specialists can deal with these extraordinary properties to make new devices and items in zones of science and designing (nnin.org). For instance, nanotechnology permits to develop materials and structures at a nuclear scale; this implies researchers can “manufacture” materials from particles and atoms.

Nanotechnology is still during the time spent improvement, however by and by, it would already be able to astound mankind with ponders that were incomprehensible quite a few years prior. For instance, there are unique carbon nanotubes that can transform into a fake muscle; there is a 3D printer that can print new malignant growth drugs; there as of now exist self-recuperating materials, for example, solid that fills in its splits to deliver structures that weave back together; infections were made that convert pressure into electrical vitality, etc. These and different developments are the start of another mechanical time (io9.com).

Nanotechnology is a moderately new part of science that can upset the truth we live in today. Nanotechnology works with issue at measurements between balanced hundred nanometers. This permits researchers to deal with the one of a kind properties that issue at such a little scope has. Self-recuperating materials, counterfeit muscle, and other superb developments are just the start of the new period of innovation.

References

“What is Nanotechnology?” What Is Nanotechnology? N.p., n.d. Web. 27 Aug. 2015.

“What is Nanotechnology?” Nanowerk. N.p., n.d. Web. 27 Aug. 2015.

“What is Nanotechnology?” National Nanotechnology Infrastructure Network. N.p., n.d. Web. 27 Aug. 2015.

“8 Incredible Nanotechnologies that Actually Exist Today.” Io9. N.p., n.d. Web. 27 Aug. 2015

 

 

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