Question

8-11 please

Note: targer eind o suppy always located towards the right side of the graph and numbers close but not exactly lined-up are okay 1. Equilibrium (where two lines cross) between the smaller supply (to the upper left) and demand is at4OQ and $6 2. Equilibrium between the larger supply and demand is at o Q and $ 3. Starting with 400 at $6 each, more $10N Sraller Supply 4 3- quantity demanded is with 60 each or 10 Q at s3 at $4 0 30 40 60 70 100Q 4. Starting with 40Q at $6 each less quantity demanded is shown 30 Q at s 5. Starting with 60Q at $4 each, more quantity supplied is shown by 100Q at so 6. Starting with 60Q at $4 each, less quantity supplied is shown by 40 Q at $S 7. Starting with 60Q at $4 each, less supply is shown by 40Q at $6 each or%20 at迂(less quantity supplied and less supply sound the same but are different) 8. If government limits the larger supply to making only 40Q, these 40 can be supplied for a cost each of 9. The price to ration quantity demanded to only 40Q on the demand curve is $ 10. Between the rationing price of and the lower cost to supply each unit of is a difference of Sper unit and equals the rent each unit is paid. Taxes are an example of rents and this rent could be a tax. 11. The rent per each unit multiplied times the 40Q makes for total rents of $ answers in wrong order: 3 3 3 334666677 30 40 40 60 60 70 100 120 77180