(Nor FoR SAL Do Not Co) The market for vegetable ol is currently in equilibrium. It is described by the demand equation: Q525-15P equation: Q-140 25P. Pis the price per galon, Qis the quantity per day and (Nor ron ALE Do NoT corr) M is the median daily spending income and it is curently $100. (NoT sOR SALE Do NoT Corr) -0.5M. and supply (Question 9 of 9) (Nor OR SAL Do NoT co) Suppose the price of protein feed (a complement in production) decreases, and at the same time, the median weekly spending income decreases. The market is in equilbrium aher these events (Not roR SALE Do Nor cor) Consider that the equation Q= 550- 15P represents the demand, and one of the following equations represent the supply afher these events (Nor FOR SALE Do Not cOPr) Equation A Q--100 + 25P | Equation B: Q-- 140 - 25P | Equation C: Q- 170 - 25P As a result of the events, and given the equations after the events have occurred, what can be said total revenue? (complete the serntences below) Total revenue for the selers in the market o One possible reason for this outcome is that the o total revenue

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(Not roR SALE Do NoT cor) The market for vegetable oil is currently in equilibrium, It is described by the demand equation: Q= 525 - 15P -0.5M, and supply
equation: Q=-140 + 25P. Pis the price per gallon, Q is the quantity per day and (Nor FOR SALE DO NoT CoPr) M is the median daily spending income and it is
currently $100. (NoT FOR SALE Do NOT Corr)
(Question 9 of 9)
(Nor sOR SALE Do NOT COPr)
Suppose the price of protein feed (a complement in production) decreases, and at the same time, the median weekly spending income decreases. The market
is in equilibrium after these events. (Not roR SALE DO NOT cor)
Consider that the equation Q= 550 - 15P represents the demand, and one of the following equations represent the supply afher these events: (NoT FOR SALE
Do NoT COPY)
Equation A Q-- 100 + 25P | Equation B: Q=- 140 + 25P| Equation C. Q-- 170 + 25P
As a result of the events, and given the equations after the events have occurred, what can be said total revenue? (complete the sentences below)
Total revenue for the sellers in the market
o One possible reason for this outcome is that the
o total revenue.
Transcribed Image Text:(Not roR SALE Do NoT cor) The market for vegetable oil is currently in equilibrium, It is described by the demand equation: Q= 525 - 15P -0.5M, and supply equation: Q=-140 + 25P. Pis the price per gallon, Q is the quantity per day and (Nor FOR SALE DO NoT CoPr) M is the median daily spending income and it is currently $100. (NoT FOR SALE Do NOT Corr) (Question 9 of 9) (Nor sOR SALE Do NOT COPr) Suppose the price of protein feed (a complement in production) decreases, and at the same time, the median weekly spending income decreases. The market is in equilibrium after these events. (Not roR SALE DO NOT cor) Consider that the equation Q= 550 - 15P represents the demand, and one of the following equations represent the supply afher these events: (NoT FOR SALE Do NoT COPY) Equation A Q-- 100 + 25P | Equation B: Q=- 140 + 25P| Equation C. Q-- 170 + 25P As a result of the events, and given the equations after the events have occurred, what can be said total revenue? (complete the sentences below) Total revenue for the sellers in the market o One possible reason for this outcome is that the o total revenue.
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