Home 30 Foreign Siven the information in the table above, the equilibrium relative.price of cloth would settle down when trade takes place. A) between 0 and 0.5 B) between 3 and 6
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- Module 5 Homework i 2 eBook Refer to the figure. Price (dollars) 10 8 7 4 3 2 1 0 Market for Artichokes 50 100 D 150 S 200 Quantity (pounds of artichokes) 250 Tools PS Saved Ⓡ The graph represents the market for artichokes (in pounds per week) at a Midwest farmers' market. Suppose the equilibrium price of artichokes is $3 per pound and the equilibrium quantity is 100 pounds of artichokes per week. Using the graph, show the area representing producer surplus in this market, and then determine how much producer surplus will be generated by the market each week. Instructions: Use the tool provided “PS” to illustrate this area on the graph. Producer surplus: Help Save &1-18 The equilibrium price of fertilizer has gone up. Think about the standard supply and demand framework. What curve shift could have caused the increase in price of fertilizer? A. Increase in demand B. Increase in supplyHow do i calculate the equilibrium price and equilibrium quantity Price Quantity Supplied Quantity Demanded $500 5,000 500 450 4,000 750 375 3,000 1,250 250 2,000 2,000 135 1,000 2,500
- -Class Activity nces The data for five-kilo boxes of lobsters are given in the table below. Quantity Supplied (before tax) Quantity Supplied (after tax) Price $90 100 110 120 130 140 Quantity Demanded 890 880 870 860 850 840 Price: 850 860 870 880 890 900 c) What are the new equilibrium price and quantity? a) Before the tax, what are the equilibrium price and quantity? Price: $ Quantity: b) Fill in the Quantity Supplied (after tax) column in the table shown above, assuming that a $20-per-unit excise tax is put on the product. Saved Quantity: d) What portion of the $20-per-unit excise tax is paid by the seller, and what portion is paid by the consumer? Paid by seller: %: Paid by consumer: % %252FnewconListen FIGURE 4-2 Price from Point D to Point C Quantity of Submarine Sandwiches from Point D to Point B F Refer to Figure 4-2. Which movement is consistent with a decrease in demand? from Point C to Point D 51 52 from Point B to Point D D₂Homework (Ch 05) The following graph shows the supply of a good. 360 PRICE (Dollars per unit) 180 0 P 8 W ix 20 QUANTITY (Units) II I II I I I 64 72 Supply A (?) a I' CO Call
- The following table gives data on the price of rye and the number of bushels of rye sold in 2019 and 2020. Price Quantity (Bushels) 7,000,000 Year (Dollars per bushel) $3.00 $2.00 2019 2020 12,000,000 a. Calculate the change in the quantity of rye demanded divided by the change in the price of rye. Measure the quantity of rye demanded in bushels. The change in the quantity of rye demanded divided by the change in the price of rye in bushels is (Enter your response as an integer. Include a minus sign if necessary.) b. Calculate the change in the quantity of rye demanded divided by the change in the price of rye, but this time measure the quantity of rye demanded in millions of bushels. The change in the quantity of rye demanded divided by the change in the price of rye in millions of bushels is. (Enter your response as an integer. Include a minus sign if necessary.) Compared to part a, the answer to part b is in absolute terms (i.e., ignore the sign of these values). c. Finally,…PRICE (Dollars per notebook) 60 54 48 42 36 30 * 18 12 6 00 0 0 Supply Demand 100 200 300 400 500 600 700 800 900 1000 QUANTITY (Notebooks) The equilibrium price in this market is $ Graph Input Tool Market for Notebooks Price (Dollars per notebook) Price (Dollars per notebook) Shortage or Surplus 42 18 Quantity Demanded (Notebooks) per notebook, and the equilibrium quantity is 12 Shortage or Surplus Amount (Notebooks) 620 Quantity Supplied (Notebooks) notebooks per month. Complete the following table by indicating at each price whether there is a shortage or surplus in the market, the amount of that shortage or surplus, and whether this places upward or downward pressure on prices. Pressure ? 3805. At a price of $20, country 2 will a) offer for export 9 units of this product. b) seek to import 9 units of this product. c) choose not to trade. d) increase supply
- Estimate the equilibrium price. $ per pan. Round to the nearest dollar. Use the graph attached below to help answer the question i appreciate it thanks!!!!LGlve Ust O Hint Question 15 of 24 Check Answer The table shows the demand and supply for cocoa beans in two countries: Cameroon and Nigeria. Use the information in the table to answer the questions. Price ($) per pound (lb) of cocoa beans Price ($/lb) Cameroon quantity Cameroon quantity Nigeria quantity Nigeria quantity demanded (lb) supplied (lb) demanded (lb) supplied (Ib) 180 500 155 210 200 460 180 180 6. 250 410 200 160 5. 4 280 360 220 140 320 320 240 125 3 350 280 260 115 What would be the equilibrium price and quantity in Cameroon and Nigeria if free trade existed between the two countries? lb I quantity demanded, Cameroon: price, Cameroon: lb quantity demanded, Nigeria: price, Nigeria: %24 %24The table shows the demand and supply for cocoa beans in two countries: Cameroon and Nigeria. Use the information in the table to answer the questions. Price ($) per pound (lb) of cocoa beans Price ($/lb) Cameroon quantity demanded (lb) Cameroon quantity supplied (lb) Nigeria quantity demanded (lb) Nigeria quantity supplied (lb) 8 180 500 155 210 7 200 460 180 180 6 250 410 200 160 5 280 360 220 140 4 320 320 240 125 3 350 280 260 115 What would be the equilibrium price and quantity in Cameroon and Nigeria if free trade existed between the two countries?