Please answer question number 2.
As market equilibrium move from Point D to Point E, Demand of the product is increased as demand curve D1 shift to right side to demand curve D2, but as both D and E are on same supply curve S2, Supply of the product remained unchanged. But after some time companies will increse the supply of the product. It can also be seen that as demand increase, quantity produces increases and price of the product increases.
So option D is correct, quantity demanded increased and quantity supplied increases
Please answer question number 2. 1) Mrs. Y spent about 25 minutes every day to get...
Please Answer question number 3 1) Mrs. Y spent about 25 minutes every day to get to work by driving her car. The one-way commute cost her 58.00 in total including parking-while her wages per hour were $12.00. Alternatively, she took the city's subway that cost her $2.00 for a 40-minute commute to work. She noted that the opportunity costs of driving were_ _ and taking the public transportation were respectively. A) $13.00; $14.00 B) S13.00, $10.00 C) $13.00, $14.00...
Please answer question 1 1) Mrs. Y spent about 25 minutes every day to get to work by driving her car. The one-way commute cost her 58.00 in total including parking-while her wages per hour were $12.00. Alternatively, she took the city's subway that cost her $2.00 for a 40-minute commute to work. She noted that the opportunity costs of driving were_ _ and taking the public transportation were respectively. A) $13.00; $14.00 B) S13.00, $10.00 C) $13.00, $14.00 D)...
Table 2: Market Quantity Supplied and Demanded Data for Good X Market Quantity Quantity Prices | Supplied Demanded P) (O) (od S4.00 4 10 $5.00 6 8 S6.00 $7.00 10 $8.00 12 Exhibit 2.4: Fim X's Points of Production on Iis PPF Points ABCD Capital Goods (K) 30,00 27.00 21.00 12.000.00 Consumption Goods (C) 0.00 10.00 20.00 | 30.00 40.00 4) Refer to Exhibit 2-4. In moving production allocations from points D to B on the Production Possibilities Frontier or...
A. (x). (y) and (2) C. (x) and (z) only E. (X) only B. (x) and (y) only D. (y) and (z) only Exhibit 3 Price 12. Use Exhibit 3. If the actual price was $20, then a A surplus of 600 units would exist, price would tend to fall and the quantity sold would increase as the market moves to equilibrium. B surplus of 250 units would exist, price would tend to fall and the quantity sold would decrease...
1:47 PM cdn.fbsbx.com l MetroPCS SHARE Refer to the graph to answer the toowing questions $200 $250 $300savid In the figure, line 2 represents theand at an interest rate of 6 percent a of loanable funds exists. quantty supplied of loanable funds; surplus demand of loanable funds; surplus demand for loanable funds; shortage O supply of loanable funds, shortage quantity demanded of loanable funds surplus Question 45 2 pts Refer to he graph to answer the toowing questions Assuming the...
Question 31 (1 point) The Dean of Arts recently announced a 20% increase in tuition and explained that the increase was needed to raise the university's revenue. Which of the following might the Dean be assuming about the elasticity of demand for education at her school? оа Ob Oc Od It is elastic. It is inelastic It is perfectly elastic It could be either elastic or perfectly elastic. Question 29 (1 point) What will happen to the quantity demanded if...
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please answer the question c-f Q2 The demand and supply schedules for potato chips are in the table. 50 70 80 a) Draw a graph of the potato chip market and mark in the equilibrium price and quantity. Quantity Quantity Price demanded supplied b) If the price is 60¢ a bag, is there a shortage or a (cents per bag) (millions of bags a week) surplus, and how does the price adjust? 160 130 c) A new dip increases the...
Refer to the picture. At a price of $2 there is a Price (dollars) -- - 150 250 350 Quantity surplus of 150 units shortage of 350 units surplus of 100 units shortage of 200 units Price Price (b) Quantity per period Quantity per period Price Price (d) Quantity per period Quantity per period A decrease in the fee charged for movie rentals would result in a change illustrated by: the move from j to k in Figure (c). the...