Saturday
April 19, 2014

Homework Help: weonomics

Posted by sean on Monday, February 2, 2009 at 8:58pm.

Original quanity | new quantity . |price. |quanity supplied
demanded demanded
40 12$ 80
45 11$ 75
50 10$ 70
55 9$ 65
60 8$ 60
65 7$ 55
70 6$ 50
75 5$ 45


1. what is the equilibrium price and quanity? explain
2.what will occur if the price is instially set a $12
3.what will occur if the price is originally set at $5
4.draw a graph that illustrates the information for example

Now suppose that the demand increases by 10 units at each price. fill in the new quanity demanded in table above
5.determine the new equilibrium price and quanity
6.reproduce the graph tha u drew for question 4 and label oringinal demand and supply schedules and labal oringinal equilibium price and quanity. now draw new curves for new equilibrium aon same graph

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

economics - The table provides data on the demand for and the supply of eggs in ...
economics - assume that the demand and supplu equations for bushels of wheat are...
Living a Healthy Life - 2.Temperatures in child care education setting should be...
economics - Suppose we have the following market supply and demand schedules for...
HELP i dont get it - The producer of X is contemplating a price change and has ...
ecomonics - I am trying to understand the math part of supply and demand . I am ...
math - I want to creat a line graph.My range is 40-140 for my y-axis, I wanted ...
economics please ? - When quantity supplied equals quantity demanded: A. there ...
ECONOMICS - Data Collected in the imaginary econmomy of Chipolaysia reveals that...
More Economics - I have an lazy instructor using test bank questions unrelated ...

Search
Members