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 Tools Table 12pt v Paragraph BIU ATV acer

Given the following market for breakfast cereal: Supply and Demand II. GRAPH Price (per unit) 0 P. The market is in equilibrium. Market price will not change. Quantity (per unit of time) Show the effect of consumer tastes and preferences declining for this good. Instructions: Use the interactive to model this change. What is the net effect on equilibrium price? [(Click to select) SETTINGS Supply Demand New Equilibrium Update What is the net effect on equilibrium quantity? (Click to select):

3 S i a 9 ormation X During an exam week, students flock to the stores to buy more espresso. As a result, the Q (Supply/Demand) in espresso would A/ (left/right) and the increase to the equilibrium price (P*) of espresso would A (increase/decrease). The equilibrium quantity (Q") of espresso would (increase/decrease)

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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

Question 2 (5 marks) No words allowed, only a diagram with annotations To answer this question only a diagram with annotations is required. Suppose apples and pears are substitutes in consumption. An outbreak of Grumpy Granny Smith fungus has a devastating effect on the size of the apple crop. Show on a diagram how this will affect the market for pears. Indicate how the equilibrium price and equilibrium quantity of pears will change. The direction of any changes should be indicated using arrows. S hp Please turn over. FTSE jse 40

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Consider each scenario independently. In each of the following cases tell me, usingwritten and graphical analysis  (a - g). For Question 1. – 7. please see details below:Include the correct increase / decrease in the demand or supply include correct labelsinclude  what will happen to the equilibrium priceinclude what will happen to the equilibrium quantityInclude  a brief explanation What will happen in the market for tomatoes if a new study is released that showsthat pesticides used on tomatoes contain cancer forming agents.

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…