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

Use the four-step process to analyze the impact of a Deduction in tariffs on imports of iPods on the equilibrium price and quantity of Sony Walkman-type products.

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

Suppose both the demand for olives and the supply of olives decline by equal amounts over some time period. Use graphical analysis to show the effect on equilibrium price and quantity. Instructions: On the graph below, use your mouse to click and drag the supply and demand curves as necessary. Price of olives Quantity of olives S₁ O