Homework Answers
Question 7) Option D - 150
The law of supply states that other things remaining constant, an increase in the price of one good results in the increase in the quantity supplied of that good.
Here, since other factors changing are not mentioned and the table shows the price to increase from $10 to $20, the quantity supplied would increase and would be greater than 100 units. In the options given below, option A, B and C have 0, 50 and 100 respectively which is lesser than or equal to 100.
So, if the law of supply applies to this good, then the quantity supplied at $20 would be greater than any value of 100, which is option D- 150 units in this question.
Add Answer to:
The following table contains a supply schedule for a good. Price $10 Quantity Supplied 100 ?...
10. The following table contains a monthly demand schedule for large,single-topping, carry-out pizzas. Price Quantity Demanded...
10. The following table contains a monthly demand schedule for large,single-topping, carry-out pizzas. Price Quantity Demanded SISA $20 25 Ir the law of demand applies to these pizzas, then A could be 30 b. 15 0 d. 25
Homework (Ch 04) Quantity Supplied Supply Curve Supply Schedule Law of Supply Definition The claim that...
Homework (Ch 04) Quantity Supplied Supply Curve Supply Schedule Law of Supply Definition The claim that other things being equal, the quantity supplied of a good increases when the price of that good rises A graphical object showing the relationship between the price of a good and the amount that sellers are willing and able to supply at various prices ne that 0 0 The amount of a good that sellers are willing and able to supply at a given...
QuantitySupplySupply Law of Supplied CurveSchedule Supply between the price of a good and the amount of...
QuantitySupplySupply Law of Supplied CurveSchedule Supply between the price of a good and the amount of it that sellers 10 Supply 9 10 by the letter the quantity of combs supplied at a price of $8 per comb, you tell him
The law of supply reflects the positive relationship between price and quantity of a good supplied....
The law of supply reflects the positive relationship between price and quantity of a good supplied. O A. False O B. True Supply curves slope Therefore, the slope of a supply curve is O A. upward; positive OB. upward; negative
Use the supply and demand schedule below to answer the following questions: Price Quantity Supplied $20...
Use the supply and demand schedule below to answer the following questions: Price Quantity Supplied $20 60 25 Quantity Demanded 100 90 80 70 30 35 70 80 90 100 40 60 es Instructions: Enter your answers as whole numbers. a. What is the market equilibrium price and quantity? Market equilibrium price: $0 Market equilibrium quantity units Next > 4 of 7 b. If there is a shortage of 20 units, what is the market price? < Prev - 35...
Use the supply and demand schedule to answer the following questions. Quantity Demanded Quantity Supplied Surplus...
Use the supply and demand schedule to answer the following questions. Quantity Demanded Quantity Supplied Surplus Price Shortage 10 2 4 2 0 1. Determine the surplus or shortage at cach price. 2. What is the equlibrium price? 3. What is the equilibrium quantity? 4. Plot and label the supply and demand curves on the graph below. 10 Quantity
If the price of a good increases by 10% and the quantity supplied increases by 30%,...
If the price of a good increases by 10% and the quantity supplied increases by 30%, what is the elasticity of supply? Does this product have an elastic, unitary elastic or inelastic supply? explain why
Using the Supply and Demand Schedules to answer the following questions Table 1 Quantity Quantity Supplied...
Using the Supply and Demand Schedules to answer the following questions Table 1 Quantity Quantity Supplied Demand Price 100 30 70 200 40 60 300 50 50 40 400 60 500 70 30 600 80 20 3a. Draw the Supply and Demand graph and label. Show the area for the shortage, surplus, and market equilibrium point demand curve to list inan of ft tw lis determinants of the supply curve to shift outward.
Using the Supply and Demand Schedules to...
Demand and Supply PC Schedule Total Price of pc In US $ Quantity demanded Quantity Supplied 500 0...
Demand and Supply PC Schedule Total Price of pc In US $ Quantity demanded Quantity Supplied 500 0 50 400 10 40 300 20 30 200 30 20 100 40 10 0 50 0 A) under no international trade (domestic free market ) 1) Determine the equilibrium price and quantity of PCs. (This is in a closed economy) 2) calculate the amount of consumer and producer surplus under a closed economy B) under an open economy: a) determine the producer and consumer surplus when price of PC...
The following table shows the market demand and supply for soybeans. TABLE DATA: Quantity SuPplied (Bushels...
The following table shows the market demand and supply for soybeans. TABLE DATA: Quantity SuPplied (Bushels per Year) Quantity Demanded (Bushels per Year) Price ($ per Bushel) 10 120 0 110 9 10 8 20 100 7 30 90 6 40 80 5 50 70 4 60 60 3 70 50 2 80 40 1 90 30 0 100 20 Instructions: Enter your responses as a whole number a. What is the equilibrium price? $ per bushel b. What is...
10. The following table contains a monthly demand schedule for large,single-topping, carry-out pizzas. Price Quantity Demanded SISA $20 25 Ir the law of demand applies to these pizzas, then A could be 30 b. 15 0 d. 25
Homework (Ch 04) Quantity Supplied Supply Curve Supply Schedule Law of Supply Definition The claim that other things being equal, the quantity supplied of a good increases when the price of that good rises A graphical object showing the relationship between the price of a good and the amount that sellers are willing and able to supply at various prices ne that 0 0 The amount of a good that sellers are willing and able to supply at a given...
QuantitySupplySupply Law of Supplied CurveSchedule Supply between the price of a good and the amount of it that sellers 10 Supply 9 10 by the letter the quantity of combs supplied at a price of $8 per comb, you tell him
The law of supply reflects the positive relationship between price and quantity of a good supplied. O A. False O B. True Supply curves slope Therefore, the slope of a supply curve is O A. upward; positive OB. upward; negative
Use the supply and demand schedule below to answer the following questions: Price Quantity Supplied $20 60 25 Quantity Demanded 100 90 80 70 30 35 70 80 90 100 40 60 es Instructions: Enter your answers as whole numbers. a. What is the market equilibrium price and quantity? Market equilibrium price: $0 Market equilibrium quantity units Next > 4 of 7 b. If there is a shortage of 20 units, what is the market price? < Prev - 35...
Use the supply and demand schedule to answer the following questions. Quantity Demanded Quantity Supplied Surplus Price Shortage 10 2 4 2 0 1. Determine the surplus or shortage at cach price. 2. What is the equlibrium price? 3. What is the equilibrium quantity? 4. Plot and label the supply and demand curves on the graph below. 10 Quantity
Using the Supply and Demand Schedules to answer the following questions Table 1 Quantity Quantity Supplied Demand Price 100 30 70 200 40 60 300 50 50 40 400 60 500 70 30 600 80 20 3a. Draw the Supply and Demand graph and label. Show the area for the shortage, surplus, and market equilibrium point demand curve to list inan of ft tw lis determinants of the supply curve to shift outward.
Using the Supply and Demand Schedules to...
The following table shows the market demand and supply for soybeans. TABLE DATA: Quantity SuPplied (Bushels per Year) Quantity Demanded (Bushels per Year) Price ($ per Bushel) 10 120 0 110 9 10 8 20 100 7 30 90 6 40 80 5 50 70 4 60 60 3 70 50 2 80 40 1 90 30 0 100 20 Instructions: Enter your responses as a whole number a. What is the equilibrium price? $ per bushel b. What is...
Most questions answered within 3 hours.
-
Assume a muscle has a PCSA = 20 cm2 and Lo = 12 cm. Assume it...
asked 59 minutes ago -
What is the yield to maturity of a ten-year, $1,000 bond with a
5.2% coupon rate...
asked 1 hour ago -
A mass m = 5 kg is tied on one end of a rope and is...
asked 1 hour ago -
The Average sales price of single-family houses in Charlotte is
$210,000 with a standard deviation of...
asked 1 hour ago -
Target Costing
Laser Impressions, Inc., manufactures color laser printers.
Model J20 presently sells for $225 and...
asked 1 hour ago -
a bottle cap manufacturer with four machines and six operators
wants to see if variation in...
asked 2 hours ago -
State Farm Insurance studies show that in Colorado, 55% of the
auto insurance claims submitted for...
asked 3 hours ago -
Complete the following reactions which form ethers (A
and B) and cyclic ethers (C-E) as major...
asked 3 hours ago -
in a perfectly elastic collision what is the velocity of ball A
if the original direction...
asked 4 hours ago -
PLEASE ANSWER ALL
1) The pressure of the atmosphere decreases with increasing
altitude in the
Choose...
asked 4 hours ago -
A simple random sample of 25,000 individuals are surveyed in
order to determine the prevalence of...
asked 4 hours ago -
People who do very detailed work close up, such as jewelers,
often can see objects clearly...
asked 4 hours ago