Complete the table by calculating the "New Market Quantity Supplied" if Ann decided to stop tutoring, and then answer one question. Instructions: Enter your responses as a whole number. Price (per Hour) $50 45 40 35 30 Quantity Supplied by Ann 94 93 90 81 68 Quantity Supplied by Bob 35 33 30 27 20 Quantity Supplied by Carlos 19 14 10 6 2 Market Quantity Suppiled (= Ann + Bob +Carlos) 148 140 130 114 90 New Market Quantity Supplied Market Quantity Demanded 5 8 11 16 22

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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ANSWER BOTH PARTS PLEASE

Economics

Complete the table by calculating the "New Market Quantity Supplied" if Ann decided to stop tutoring, and then answer one question.
Instructions: Enter your responses as a whole number.
Price
(per
Hour)
$50
45
40
35
30
25
20
15
10
Quantity
Supplied by
Ann
94
93
90
81
68
50
32
20
10
Quantity
Supplied by
Bob
35
33
30
27
20
12
7
0
0
Quantity
Supplied by
Carlos
19
14
10
6
2
0
0
0
0
Market Quantity
Suppiled (= Ann +
Bob +Carlos)
148
140
130
114
90
62
39
20
10
New Market
Quantity
Supplied
Market
Quantity
Demanded
5
8
11
16
22
30
39
47
57
What would the new equilibrium price of tutoring services be if Ann decided to stop tutoring?
$
per hour
Transcribed Image Text:Complete the table by calculating the "New Market Quantity Supplied" if Ann decided to stop tutoring, and then answer one question. Instructions: Enter your responses as a whole number. Price (per Hour) $50 45 40 35 30 25 20 15 10 Quantity Supplied by Ann 94 93 90 81 68 50 32 20 10 Quantity Supplied by Bob 35 33 30 27 20 12 7 0 0 Quantity Supplied by Carlos 19 14 10 6 2 0 0 0 0 Market Quantity Suppiled (= Ann + Bob +Carlos) 148 140 130 114 90 62 39 20 10 New Market Quantity Supplied Market Quantity Demanded 5 8 11 16 22 30 39 47 57 What would the new equilibrium price of tutoring services be if Ann decided to stop tutoring? $ per hour
The table below shows Iom's demand schedule for web tutoring before and after winning the lottery. Use the data provided to answer
the following questions:
Quantity Demanded (Hours per Semester)
Price (per Initial Quantity
Hour)
Demanded
$50
1
45
40
35
30
25
20
15
10
2
3
5
7
9
12
15
20
Instructions: Enter your responses as a whole number.
At what price would Tom buy 12 hours of web tutoring?
a. Without a lottery win.
per hour
b. With a lottery win.
$
After Increase
in Income
8
9
10
12
14
16
19
22
27
per hour
Transcribed Image Text:The table below shows Iom's demand schedule for web tutoring before and after winning the lottery. Use the data provided to answer the following questions: Quantity Demanded (Hours per Semester) Price (per Initial Quantity Hour) Demanded $50 1 45 40 35 30 25 20 15 10 2 3 5 7 9 12 15 20 Instructions: Enter your responses as a whole number. At what price would Tom buy 12 hours of web tutoring? a. Without a lottery win. per hour b. With a lottery win. $ After Increase in Income 8 9 10 12 14 16 19 22 27 per hour
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