Friday

October 24, 2014

October 24, 2014

Posted by **Cristina** on Thursday, September 21, 2006 at 7:50pm.

Draw an initial supply curve in both Upper and Lower Slobbovania. Now raise the supply curve in both graphs upward (vertical at all points) by exactly 50 cents. In the first graph, draw a demand curve that shows a 35 cents rise, in the second a demand curve that gives you a 15 cents rise. What must the slopes of the demand curve be in order to achieve this result? What happens to quantity in each market?

**Answer this Question**

**Related Questions**

economics - Suppose that the government decides to charge cola consumers an ...

economics - Studies indicate that the price elasticity of demand for cigarettes ...

math check - 1.)Jenna earns $16,250 per year. She pays 6% of her earnings to her...

Econ - Suppose that the government decides to charge cola consumers an excise ...

economics - 4. Consider public policy aimed at smoking. a. Studies indicate that...

math - For its fleet of trucks, Overland Transport, Inc., purchased 580 tires ...

math - For its fleet of trucks, Overland Transport, Inc., purchased 580 tires ...

math - For its fleet of trucks, Overland Transport, Inc., purchased 580 tires ...

Finance - 2) The company wishes to raise $100 million by issuing stock. The ...

Algebra Help - It is estimated that each cigarette a person smokes shortens ...