Homework Answers
Equilibrium occurs where quantity demanded equals quantity
supplied . From the given table , we can see that the equilibrium
price =$4 and equilibrium quantity =400 units. Hence, 
option(B) is correct.
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Quantity Demanded Price 500 $3 400 $4 300 $ 5 200 $6 100 $7 Quantity Supplied...
If the price in the market represented below is $6, quantity demanded will be and quantity...
If the price in the market represented below is $6, quantity demanded will be and quantity supplied will be ----- Price $3 Quantity Demanded 500 400 300 $4 Quantity Supplied 225 400 550 700 1000 200 100 200, 700. 200,400 400,400 500,1000 In the previous question (at a price of $6), will there be a surplus or a shortage? How large will it be? Shortage of 200. Shortage of 500 Surplus of 300. Surplus of 500.
If the price in the market represented below is $6, quantity demanded will be __and quantity...
If the price in the market represented below is $6, quantity demanded will be __and quantity supplied will be Price Quantity Demanded 500 400 300 200 100 Quantity Supplied 225 400 550 700 1000 200, 700. 200,400 400,400 500,1000 In the previous question (at a price of $6), will there be a surplus or a shortage? How large will it be? Shortage of 200 Shortage of 500 Surplus of 300. Surplus of 500.
Price Quantity demanded Quantity supplied 1 700 300 2 600 400 3 500 500 4 400...
Price Quantity demanded Quantity supplied 1 700 300 2 600 400 3 500 500 4 400 600 5 300 700 6 200 800 7 100 900 8 0 1000 Suppose that the production of good X generates external value of $3 per unit (due to lowering production of cost of another good Y) for the economy. What is the value of the appropriate corrective tax or subsidy? a) Subsidy - $3 b) Subsidy - $2 c) Tax - $3...
Price (Dollars per TV set) Quantity Demanded Quantity Supplied 100 900 200 700 200 500 300...
Price (Dollars per TV set) Quantity Demanded Quantity Supplied 100 900 200 700 200 500 300 400 550 400 600 900 Use blue points (circle symbol) to plot Venezuela's demand curve on the following graph. Use orange points (square symbol) to plot Venezuela's supply curve. Then use the black point (cross symbol) to indicate the domestic market equilibrium. (Hint: Use all of the given points to plot the demand and supply curves.) Demand O Supply PRICE (Dollars per TV set)...
Given the table below, what is the equilibrium price? Price Quantity Demanded Quantity Supplied $ 105...
Given the table below, what is the equilibrium price? Price Quantity Demanded Quantity Supplied $ 105 400 1000 $ 100 450 950 $ 95 500 900 $ 90 550 850 $ 85 600 800 $ 80 650 750 $ 75 700 700 $ 70 750 650 © $ 70 $75 O $ 90 0 $ 85 $ 80
if there is a $2 tax on sellers what is the quantity demanded? Price Quantity Demanded...
if there is a $2 tax on sellers what is the quantity demanded? Price Quantity Demanded Quantity Supplied 5 600 200 6 500 300 7 400 400 8 300 500 9 200 600 10 100 700 300 400 500 200 what is the profit maximizing point? mr=mc p=mr p>atc P<atc What is the shutdown point? P=ATC P=AFC P=MR P=AVC If the price is $4 what is Beth's consumer surplus? Price 3 4 Quantity Demanded Ann Beth 30 25 25 20...
D Question 14 1 pts Figure 3.2 Price $40 30 20 10 100 200 300 400...
D Question 14 1 pts Figure 3.2 Price $40 30 20 10 100 200 300 400 500 600 700 800 Quantity According to the graph, at the equilibrium price O 400 units would be supplied and demanded. 600 units would be supplied, but only 200 would be demanded. O 200 units would be supplied and demanded. O 600 units would be supplied and demanded.
Price per Quantity Demanded (Cheeseburgers per Month) Quantity Supplied (Cheeseburgers per Month) Cheeseburger $5 1,500 500...
Price per Quantity Demanded (Cheeseburgers per Month) Quantity Supplied (Cheeseburgers per Month) Cheeseburger $5 1,500 500 6 1.200 700 7 900 900 CO 600 1,100 9 300 1,300 Refer to the table above. At what price is the market in equilibrium? $8 $7 There is not a price at which this market will be at equilibrium. $5
Use the table provided. Suppose the quantity demanded increased by 500 units at each price. At...
Use the table provided. Suppose the quantity demanded increased by 500 units at each price. At a price of $14 per unit, would there be a surplus or shortage of this product? How much would the surplus or shortage be? Price Quantity Demanded Quantity Supplied 4 450 250 6 400 300 8 350 350 10 300 400 12 250 450 14 200 500 16 150 550 Group of answer choices surplus = 100 shortage = 100 surplus = 600 shortage...
The number 7 Use the table below to answer the following questions. Price Quantity demanded Quantity...
The number 7
Use the table below to answer the following questions. Price Quantity demanded Quantity supplied (dollars per unit) (units) (units) 1,100 50 800 200 600 420 500 500 350 640 7 8 320 300 680 700 6. Refer to the table. At a price of $3 a unit there is a 180-unit shortage and a tendency for the price to rise 7. In the table, the equilibrium price is Choose... - ✓ Choose... 7 dollars a unit 1...
If the price in the market represented below is $6, quantity demanded will be and quantity supplied will be ----- Price $3 Quantity Demanded 500 400 300 $4 Quantity Supplied 225 400 550 700 1000 200 100 200, 700. 200,400 400,400 500,1000 In the previous question (at a price of $6), will there be a surplus or a shortage? How large will it be? Shortage of 200. Shortage of 500 Surplus of 300. Surplus of 500.
If the price in the market represented below is $6, quantity demanded will be __and quantity supplied will be Price Quantity Demanded 500 400 300 200 100 Quantity Supplied 225 400 550 700 1000 200, 700. 200,400 400,400 500,1000 In the previous question (at a price of $6), will there be a surplus or a shortage? How large will it be? Shortage of 200 Shortage of 500 Surplus of 300. Surplus of 500.
Price (Dollars per TV set) Quantity Demanded Quantity Supplied 100 900 200 700 200 500 300 400 550 400 600 900 Use blue points (circle symbol) to plot Venezuela's demand curve on the following graph. Use orange points (square symbol) to plot Venezuela's supply curve. Then use the black point (cross symbol) to indicate the domestic market equilibrium. (Hint: Use all of the given points to plot the demand and supply curves.) Demand O Supply PRICE (Dollars per TV set)...
Given the table below, what is the equilibrium price? Price Quantity Demanded Quantity Supplied $ 105 400 1000 $ 100 450 950 $ 95 500 900 $ 90 550 850 $ 85 600 800 $ 80 650 750 $ 75 700 700 $ 70 750 650 © $ 70 $75 O $ 90 0 $ 85 $ 80
if there is a $2 tax on sellers what is the quantity demanded? Price Quantity Demanded Quantity Supplied 5 600 200 6 500 300 7 400 400 8 300 500 9 200 600 10 100 700 300 400 500 200 what is the profit maximizing point? mr=mc p=mr p>atc P<atc What is the shutdown point? P=ATC P=AFC P=MR P=AVC If the price is $4 what is Beth's consumer surplus? Price 3 4 Quantity Demanded Ann Beth 30 25 25 20...
D Question 14 1 pts Figure 3.2 Price $40 30 20 10 100 200 300 400 500 600 700 800 Quantity According to the graph, at the equilibrium price O 400 units would be supplied and demanded. 600 units would be supplied, but only 200 would be demanded. O 200 units would be supplied and demanded. O 600 units would be supplied and demanded.
Price per Quantity Demanded (Cheeseburgers per Month) Quantity Supplied (Cheeseburgers per Month) Cheeseburger $5 1,500 500 6 1.200 700 7 900 900 CO 600 1,100 9 300 1,300 Refer to the table above. At what price is the market in equilibrium? $8 $7 There is not a price at which this market will be at equilibrium. $5
The number 7
Use the table below to answer the following questions. Price Quantity demanded Quantity supplied (dollars per unit) (units) (units) 1,100 50 800 200 600 420 500 500 350 640 7 8 320 300 680 700 6. Refer to the table. At a price of $3 a unit there is a 180-unit shortage and a tendency for the price to rise 7. In the table, the equilibrium price is Choose... - ✓ Choose... 7 dollars a unit 1...
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