Use the data in the table below to answer the following questions.X-variableY-variablePoint8.305.4D.404k3F30GH.ncesArea-Problem #2Given the following diagram:18A1614-1210Next >7 of 33< Prevrawice ($) 14-12G102afQuantity (units)Calculate the area of triangle ABG: $Calculate the area of triangle BCE: $Calculate the area of rectangle BEFG: $< Prevof 33Next >7.Price ($)

The area of the triangle is the total space that is being occupied by all three sides of the figure.…

Answered: 16 14 12 10 2- Quantity (units)…

16 14 12 10 2- Quantity (units) Calculate the area of triangle ABG: $ Calculate the area of triangle BCE: $ Calculate the area of rectangle BEFG: $ Price ($)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Explain the simultaneous change in demand and supply with the help of graph?
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Please provide solution for A. & C I had sent this in before but they gave me the wrong solution
11.) In the market for cars, the price elasticity of supply is +1.5, and the price elasticity ofdemand is -0.8. The equilibrium price is $ 30 thousand, and quantity is 120 million.(a) Assuming supply and demand are linear, reconstruct and draw the supply and demandcurves. Label the intercepts.(b) To reduce traffic, the government imposes a $400 tax on cars. What are PB and PS after thetax? What is the new equilibrium quantity? Illustrate them on the same graph.(c) How big is the change in consumer surplus, producer surplus, government revenue, anddeadweight loss?
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(Figure: The Demand for Online Movies) Use Figure: The Demand for Online Movies. If the price of online movies decreases from $6 to $4, total revenue which means that demand is Price $10 8 6 4 30 60 90 Quantity Ochanges from $60 to $90; elastic o remains constant; unit-elastic changes from $240 to $360; elastic Ochanges from $40 to $50; inelastic
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Find the total revenue for the table. Quantity Sold (units) Price or Average Pee Revenue (Rs) (1) (2) 10 10 4. 10 10