Homework Answers
Answer : The answer is option A.
According to the law of supply, if price rise then the quantity supplied increase and vice versa. Here the movement from point a to point c shows the increase in quantity supplied due to "increase in price level of energy-efficient light bulbs". Therefore, option A is correct.
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- - - Dollars per 100 175 225 275 300 Quantity of energy efficient light bulbs...
I dont understand that why the answer is E not A, can someone explain it to...
I
dont understand that why the answer is E not A, can someone explain
it to me in details? thank you so much
3.2 Supply 8 of 8 (8 complete) 3.2 Question 31 (Algo) The graph below shows different supply curves. Click the icon to view the graph for the supply curves. A shift of the supply curve from Sto scould be caused by O A a decrease in the price of energy-efficient light bulbs. B. an increase in the...
Nick buys 2 light bulbs at a price of $4.50. The quantity of light bulbs demanded...
Nick buys 2 light bulbs at a price of $4.50. The quantity of light bulbs demanded increases or decreases by 1 for every decrease and/or increase in the price by $1.50. Show the following demand curve with the help of a graph. 1.) Using the multipoint curve drawing tool, plot the demand curve for light bulbs for quantities from 0 to 5. Label your curve 'DD' Carefully follow the instructions above and only draw the required object. Demand for Light...
28. The following figure illustrates the demand and supply of decorative light bulbs in a perfectly...
28. The following figure illustrates the demand and supply of decorative light bulbs in a perfectly competitive market. Refer to the figure above. What is the consumer surplus in the market? a. $100 b. $50 c. $225 d. $75 29. The following figure illustrates the demand and supply of decorative light bulbs in a perfectly competitive market. Refer to the figure above. What is the producer surplus in the market? a. $150 b. $50 c. $200 d. $75 31. The...
Note: You will not be graded on any changes made to this graph 300 275 250...
Note: You will not be graded on any changes made to this graph 300 275 250 ︵ 225 200 175 150 O 125 100 Total Revenue a 75 25 Demand 0 3 69 12 15 18 21 24 27 30 33 36 1 QUANTITY (Bippitybops) On the following graph, use the green point (triangle symbol) to plot the annual total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per bippitybop 2180 2040 Total Revenue...
Total Revenue PRICE (Dollars per bike) O HAHAHAHA 9 18 27 36 45 54 63 QUANTITY...
Total Revenue PRICE (Dollars per bike) O HAHAHAHA 9 18 27 36 45 54 63 QUANTITY (Bikes) Demand 81 90 99 72 108 On the following graph, use the green point (triangle symbol) to plot the annual total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per bike. Total Revenue TOTAL REVENUE (Dollars) 3060 + 0 25 50 225 250 275 300 75 100 125 150 175 200 PRICE (Dollars per bike) According to...
Price (dollars per pizza) Quantity (millions of pizzas per year) 14. The above figure shows the...
Price (dollars per pizza) Quantity (millions of pizzas per year) 14. The above figure shows the market for pizza. Which of the following will most likely create a movement from point b to point a? A) an increase in the number of buyers B) an increase in the price of beer C) an increase in the price of tomato sauce. D) a decrease in the price of cheese. E a decrease in the price of soft drinks DOLL PELSCT F11...
Price (dollars per pizza) Quantity (millions of pizzas per year) In the above figure, the shift...
Price (dollars per pizza) Quantity (millions of pizzas per year) In the above figure, the shift in the supply curve from Sto S, reflects Select one: A. an increase in the supply of pizza. O B. an increase in the quantity of pizza supplied. O C . a decrease in the quantity of pizza supplied. O O D. a decrease in the supply of pizza E. None of the above answers is correct. Two brands of water, Natural Water and...
Use the figure below to answer the following questions. Price and cost dollars per unit) 10...
Use the figure below to answer the following questions. Price and cost dollars per unit) 10 Quantity (units) Figure 12.4.1 3) Refer to Figure 12.4.1, which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive market. In the long run, market A) demand will increase. B) demand will decrease. C) supply will increase. D) supply will decrease. E) supply and market demand will decrease. 4) Refer to Figure 12.4.1 which shows the cost curves...
Price Quantity Demanded 1) The above table shows Jeff's demand schedule for coffee per week. Use...
Price Quantity Demanded 1) The above table shows Jeff's demand schedule for coffee per week. Use the table to draw Jeff's demand curve for coffee. Make sure to label the axes. Price Quantity Demanded 6 | 9 112 2) The above table shows Lorissa's demand schedule for coffee per week. Use the table to draw Lorissa's demand curve for coffee. Make sure to label the axes. Price Quantity Demanded 3) Use the space above the draw the market demand curve...
den P= -2at1(o r 20+20 Figure 2 TPrice 300 S 4a-140 215 250+ 10x35 225 200 175 CS- WIPzP 150 125 100 75 50 25 + D' Deax...
den P= -2at1(o r 20+20 Figure 2 TPrice 300 S 4a-140 215 250+ 10x35 225 200 175 CS- WIPzP 150 125 100 75 50 25 + D' Deaxtity 25 50 75 100 125 150 175 200 4. If the supply curve is S, the demand curve is D, and the equilibrium price is $100, what is the producer surplus? 15 point] 5. If the supply curve is S', the demand curve is D, and the equilibrium price is $150, what...
I
dont understand that why the answer is E not A, can someone explain
it to me in details? thank you so much
3.2 Supply 8 of 8 (8 complete) 3.2 Question 31 (Algo) The graph below shows different supply curves. Click the icon to view the graph for the supply curves. A shift of the supply curve from Sto scould be caused by O A a decrease in the price of energy-efficient light bulbs. B. an increase in the...
Nick buys 2 light bulbs at a price of $4.50. The quantity of light bulbs demanded increases or decreases by 1 for every decrease and/or increase in the price by $1.50. Show the following demand curve with the help of a graph. 1.) Using the multipoint curve drawing tool, plot the demand curve for light bulbs for quantities from 0 to 5. Label your curve 'DD' Carefully follow the instructions above and only draw the required object. Demand for Light...
Note: You will not be graded on any changes made to this graph 300 275 250 ︵ 225 200 175 150 O 125 100 Total Revenue a 75 25 Demand 0 3 69 12 15 18 21 24 27 30 33 36 1 QUANTITY (Bippitybops) On the following graph, use the green point (triangle symbol) to plot the annual total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per bippitybop 2180 2040 Total Revenue...
Total Revenue PRICE (Dollars per bike) O HAHAHAHA 9 18 27 36 45 54 63 QUANTITY (Bikes) Demand 81 90 99 72 108 On the following graph, use the green point (triangle symbol) to plot the annual total revenue when the market price is $50, $75, $100, $125, $150, $175, and $200 per bike. Total Revenue TOTAL REVENUE (Dollars) 3060 + 0 25 50 225 250 275 300 75 100 125 150 175 200 PRICE (Dollars per bike) According to...
Price (dollars per pizza) Quantity (millions of pizzas per year) 14. The above figure shows the market for pizza. Which of the following will most likely create a movement from point b to point a? A) an increase in the number of buyers B) an increase in the price of beer C) an increase in the price of tomato sauce. D) a decrease in the price of cheese. E a decrease in the price of soft drinks DOLL PELSCT F11...
Price (dollars per pizza) Quantity (millions of pizzas per year) In the above figure, the shift in the supply curve from Sto S, reflects Select one: A. an increase in the supply of pizza. O B. an increase in the quantity of pizza supplied. O C . a decrease in the quantity of pizza supplied. O O D. a decrease in the supply of pizza E. None of the above answers is correct. Two brands of water, Natural Water and...
Use the figure below to answer the following questions. Price and cost dollars per unit) 10 Quantity (units) Figure 12.4.1 3) Refer to Figure 12.4.1, which shows the cost curves and marginal revenue curve of a firm in a perfectly competitive market. In the long run, market A) demand will increase. B) demand will decrease. C) supply will increase. D) supply will decrease. E) supply and market demand will decrease. 4) Refer to Figure 12.4.1 which shows the cost curves...
Price Quantity Demanded 1) The above table shows Jeff's demand schedule for coffee per week. Use the table to draw Jeff's demand curve for coffee. Make sure to label the axes. Price Quantity Demanded 6 | 9 112 2) The above table shows Lorissa's demand schedule for coffee per week. Use the table to draw Lorissa's demand curve for coffee. Make sure to label the axes. Price Quantity Demanded 3) Use the space above the draw the market demand curve...
den P= -2at1(o r 20+20 Figure 2 TPrice 300 S 4a-140 215 250+ 10x35 225 200 175 CS- WIPzP 150 125 100 75 50 25 + D' Deaxtity 25 50 75 100 125 150 175 200 4. If the supply curve is S, the demand curve is D, and the equilibrium price is $100, what is the producer surplus? 15 point] 5. If the supply curve is S', the demand curve is D, and the equilibrium price is $150, what...
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