Explain the appropriate graph(s) below. Be sure to include a description of your labeled axis and curves. You must explain the directional changes/shifts on the graphs and the resulting effects to the equilibrium price and quantity. a) Draw/Explain a graph showing an economy whose equilibrium quantity is 50 units and equilibrium price is $10.00 for a case of coke. b) If there is a rise in the price of a substitute good (Pepsi), what is the effect on the price and quantity from part (a)? (draw/explain the graph) c) If a tax is placed on the production of coca-cola products, what is the effect on price and quantity from part (a)? (draw/explain the graph) Edit View Insert Format Insert Format Tools Table 12pt> Paragraph BIUAM P v T² V acer

The diagram to the right illustrates a hypothetical demand curve representing the relationship between price (in dollars per unit) and quantity (in 1,000s of units per unit of time). The area of the triangle shown on the diagram is $. (Enter your response as an integer.) Show Transcribed Text Price (dollars per unit) 3 100 C 90- 80- 70- 60-57 50- 40- 30- 21 20- 10- 0+ 33 69 0 10 20 30 40 50 60 70 80 90100 Quantity (1,000s of units per unit of time)

The diagram to the right illustrates a hypothetical demand curve representing the relationship between price (in dollars per unit) and quantity (in 1,000s of units per unit of time). The area of the triangle shown on the diagram is $ (Enter your response as an integer.) C Price (dollars per unit) 100- 90- 80- 70- 60- 50- 40- 30- 20- 10- 0- 65 31 0 :25 :59 T 10 20 30 40 50 60 70 80 Quantity (1,000s of units per unit of time) 90 100 o U

Please answer with explanation. I will really upvote. Thanks

The graph below shows the market for mandarin oranges in Odin for the month of November (in thousands of kilos). Price 8 7 6 5 3 2 1 0 150 300 450 750 10501200 600 900 Quantity per month 1350 D S Tools D2 S2

Assume coke and Diet Coke are substitute for consumer. What would happen to the equilibrium prices and quantities of both regular and Diet Coke if the price of sugar increases

Which of the following statements is false? To an economist, demand is different from quantity demanded. O A demand schedule is the numerical tabulation of the law of demand. A demand curve is the graphical representation of the direct relationship between price and quantity demanded.

Suppose beer and peanuts are complements. In anticipation of warm weather conditions, Injabulo Breweries, the brewers of Number One beer, increased the production of Number One beer. Show on a diagram how this will affect the market for peanuts. Indicate how the equilibrium price and equilibrium quantity of peanuts will change. The direction of any changes should be indicated using arrows.

Suppose government has been able to reduce the level of tobacco consumption in the country through a social campaign. a) Properly labeling the axes, draw a figure showing the current supply of and demand for tobacco and equilibrium price and quantity demanded and supplied. b) Provide a brief explanation about new equilibrium price

Suppose that the demand and supply of liter of petrol are given in table 1 as per attachment What is the equilibrium price and quantity of petrol?                                                             Use a graph paper to draw a demand curve and supply curve based on the table above.                              Now suppose that a political crisis in the Middle East lead to a decrease in the supply of petrol by 8 liter per day at every price. Show the change in the graph paper and show the new equilibrium position.                                                                                                                                 What is the new equilibrium price of petrol? What is the new equilibrium quantity of petrol? In order t o help the consumer, the government imposes a price control of RM0.60 per liter:               Give the name of this price control. How much petrol will be demanded by consumer at this price?. How much petrol will be offered for sale by…