Consider the supply curve shown for Company R in the figure. The marketing director of Company R has hired you to analyze the effects of an expected increase in price. The market price is currently $10.00. If the market price increases by 10%, what quantity supplied is the producer willing to bring to the market? Select the correct answer below: 400 880 Price ($) $11.50- $11.00- $10.50 $10.00- $9.50 400 Product R 600 800 Quantity Supplied 1000 1200

Price per Ice-cream (Rs.)        Demand for Ice cream (Qd)    Supply for Ice cream (Qs) 140                                                               500                                               1500 120                                                               750                                               1200 100                                                              1000                                              1000 80                                                                1250                                              750 60                                                                1500                                              600 40                                                                1750                                              300 What is the maximum price that consumer is willing to pay for 1500 bottles?

Country X Price Osd $ 5 200 400 4 250 350 3 300 300 350 250 1 400 200 The accompanying table gives data for Country X. Column 1 of the table is the price of a product. Column 2 is the quantity demanded domestically (Qdd), and Column 3 is the quantity supplied domestically (Qsd). If Country X opens itself up to international trade, at what world price will it begin exporting some units of the product?

Type the correct answer in the box. Spell all words correctly. Vivian conducted market research on her company’s products. She found that after the company raised the price of its product by $1.50, the demand in the uptown region remained the same with only minor fluctuations. However, she found that the demand in the downtown region dropped by 20 percent after the price change. How should Vivian take these demands into consideration? In a situation where demand differs in different areas, Vivian should consider the demand.

Using the formula Qd = 300 - 40p, find the quantity demanded when the price is $2.50?

The table below shows the percentage change in quantity demanded of sending regular mail, of sending parcels, and of home broadband service in Australia from a one-percent increase in each specified price (holding all other prices constant): Change in price of: Sending regular mail Effect on quantity of: Sending regular Sending parcels Home broadband mail -1.5 Sending parcels 0 Home broadband +0.05 0 -1 -0.7 +0.01 -0.11 -0.5 a) For which services is quantity demanded price elastic? Or price inelastic? b) Which services are substitutes and which are complements? c) How would an increase in the price of sending regular mail affect total revenue to Australia Post from that service? How would an increase in the price of home broadband affect total revenue to suppliers of broadband?

The equilibrium price means that the supply and demand for a product are in balance.True or False

Using the formula Qs = 100 + 40p, find the quantity supplied when the price is $6.00.

The table shows information on the conditions of demand for ordinary gummy bears and their sugar-free version. Regular Gummy Bears Demanded (thousands of kg) 483.00 Price ($ per kg) $2.20 $2.60 $3 $3.40 Sugar-free Gummy Bears Demanded (thousands of kg) 179.00 173.00 155 135.00 377.00 271.00 153.00 As the price of gummy bears rises from $2.60 to $3, what are the price elasticities of demand of sugar-free gummy bears and of ordinary gummy bears? Use the midpoint method and specify answers to one decimal place. Elasticity of demand of sugar-free gummy bears: Elasticity of demand of regular gummy bears:

The price-demand equation for a particular flashlight is given by p = 118 - 0.002x, where x is the number of flashlights demanded when the price is p dollars each. The flashlight manufacturers will produce no flashlights if the price is $79 or less, and they will market 5,500 flashlights when the price is $101 per flashlight. (Assume the price-supply equation is linear.) (a) Find the consumers' surplus for this commodity. $ (b) Find the producers' surplus for this commodity. $