Please correct answer and don't use hand raiting O Macmillan LearningThe table shows the demand and supply for cocoa beans in two countries: Cameroon and Nigeria. Use the information in thetable to answer the questions.Price ($) per pound (lb) of cocoa beansPrice ($/lb)Cameroon quantityCameroon quantityNigeria quantityNigeria quantitydemanded (lb)supplied (lb)demanded (lb)supplied (lb)818050015521072004601801806250410200160528036022014043320350320240125280260115What would be the equilibrium price and quantity in Cameroon and Nigeria if free trade existed between the two countries?price, Cameroon: $quantity demanded, Cameroon:lbprice, Nigeria: $quantity demanded, Nigeria:lb

Ans. ) Given the question, there are two countries: Cameroon and Nigeria. The good is Cocoa beans.…

Answered: O Macmillan Learning The table shows…

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter4: Demand, Supply, And Market Equilibrium

Section: Chapter Questions

Problem 1P

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What is the relationship between quantity Demanded and quantity supplied at equilibrium? What is the relationship when there is a shortage? What is the relationship when them is a surplus?
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 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?
The Krampf Lines Railway Company specializesin coal handling. On Friday, April 13, Krampf hadempty cars at the following towns in the quantitiesindicated: Town Supply of Cars Morgantown 35 Youngstown 60 Pittsburgh 25 By Monday, April 16, the following towns will needthe numbers of coal cars listed: Town Demand for Cars Coal Valley 30 Coaltown 45 Coal Junction 25 Coalsburg 20 Using a railway city-to-city distance chart, the dis-patcher constructs a mileage table for the preceding towns. The result is shown in the table on this page.Minimizing total miles over which cars are movedto new locations, compute the best shipment of coalcars.
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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 demanded (lb) Cameroon quantity supplied (lb) Nigeria quantity demanded (lb) Nigeria quantity supplied (lb) 88 180180 500500 155155 210210 77 200200 460460 180180 180180 66 250250 410410 200200 160160 55 280280 360360 220220 140140 44 320320 320320 240240 125125 33 350350 280280 260260 115115 What would be the equilibrium price and quantity in Cameroon and Nigeria if free trade existed between the two countries? price, Cameroon: $ quantity demanded, Cameroon: lb price, Nigeria: $ quantity demanded, Nigeria: lb
Write an examples of a product or service demanded in the United States by applying the theory of supply and demand. Aslo add diagram.
supposed an airline announces that its earnings this year are lower than expected due to reduced ticket sales. the airline spokesperson gives no information on how the company plans to turn things around. use the graph illustration of demand and supply shown below and label the graph accordingly:
1. The table below shows information on the demand and supply for Chicken, where the quantities of Chicken are measured in thousands. Price Qd QsGHS 120 50 36GHS 150 40 40GHS 180 32 48GHS 210 28 56GHS 240 24 70Table 1. Demand and Supply for Chicken a. What is the quantity demanded and the quantity supplied of Chicken at a price of GHS 210?b. At what price is the quantity supplied equal to 48,000 Chickens?c. Graph the demand and supply curve for Chickens. Determine the equilibrium price and quantity from the graph? d. If the price was GHS 120, what would the quantities demanded and supplied be? Would a shortage or surplus exist? If so, how large would the shortage or surplus be?2. An exclusive Yoghurt manufacturer sells 4,000 gallons per month at a price of GHS 40 each. When the price is reduced to GHS 30 sales increase to 6,000 gallons per month.a. Calculate the price elasticity of demand for the Yoghurts over this price range.b. Is demand elastic, unit elastic or inelastic?c.…
Excess supply of a product will cause the price to As a consequence Market for pizza of the price change, the quantity demanded will quantity 14.00- 13.00- 12.00- 11.00- supplied will increase decrease At the current market price PMatet of $9.00, there i of thousand pizzas per month (Enter your response as a positive integer.) 10.00- 9.00- PMarket a 8.00- * 700- 8 6.00- E 500- 4.00- 3.00- 2.00- 1.00- 40 22 510 15 20 25 30 35 40 45 so 55 60 Thousands of pizzas per month 0.00-
300 Using the data given in the demand schedule, draw a graph for market demand for 2011. Nou will note that the higher the price, the lowwer the demand and the lower the price R2 000 1500 R1 500 R1 000 R 500 400 1000 500 500 600 100 200 300 400 500 600 he higher the demand. QUANTITY ACTIVITY 1 Date: Give your graph a heading. Quantity kettles demanded Price per kettle at given price R 350 100 R 300 150 udget-tool R 250 200 R 100 250 R 50 300 77
Question 30 Panel (a) shows which of the following? Group of answer choices an increase in quantity demanded and an increase in supply an increase in demand and an increase in supply an increase in quantity demanded and an increase in quantity supplied an increase in demand and an increase in quantity supplied

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