D,e and f part only plz 7. The following table gives the supply schedule for Zema Co, a UK based coffee producer.Price (£)416181012Quantity Supplied (Qs)60110190300500Table 2. A Table showing the supply schedule for Zema Co.a. Currently, a bag of coffee costs £10. After the price falls from £10 to £8, the number of weekly production falls from 300 to 190. Calculate the price elasticity ofsupply (show all your calculations).b. According to your calculation, is supply elastic, unit-elastic, or inelastic? Explain why.C. Based on your calculation, the table and your analysis, draw a well-labelled supply curve for Zema Co.d. Zema Co is considering collaborating with another company. If the Cross Price Elasticity of Demand between the two companies' products is -1.75 are these goodssubstitutes or complements and why?e. Apart from the price of coffee that Zema Co sells, explain two other factors that can affect the supply of Zema's coffee products.f. List any 3 factors that can lead to a shift in the demand curve of Zema's products.

Cross price elasticity of demand measures the responsiveness of change in demand of a good to change…

d. Zema Co is considering collaborating with another company. If the Cross Price Elasticity of Demand between the two companies' products is -1.75 are these goods substitutes or complements and why? e. Apart from the price of coffee that Zema Co sells, explain two other factors that can affect the supply of Zema's coffee products. f. List any 3 factors that can lead to a shift in the demand curve of Zema's products.

d. Zema Co is considering collaborating with another company. If the Cross Price Elasticity of Demand between the two companies' products is -1.75 are these goods substitutes or complements and why? e. Apart from the price of coffee that Zema Co sells, explain two other factors that can affect the supply of Zema's coffee products. f. List any 3 factors that can lead to a shift in the demand curve of Zema's products.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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