QUESTION 3 1 points Save If the demand for commodity X is represented by the equation P = 100- 2Q and supply by the equation P = 10 + 4Q. When the price equals to S 10, do we have shortage or surplus or equilibrium? By how much if any? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac).

Q: (b) In a graph, represent a situation where the quantity supplied changes but the supply curve…

A: A supply curve is a visual re­presentation that demonstrates the quantity of a product or service…

Q: Question 2* (a). Prove that when the consumer is in equilibrium the marginal utility that is placed…

A: Marginal utility is the additional satisfaction of consuming an additional unit of product. A…

Q: QUESTION 29 What effect should each of the following have on the demand for gasoline in a…

A: A competitive market is such where there are many buyers and many sellers.

Q: How has Covid-19 affected the market for gasoline?  Which of the main influences of supply and…

A: Factors affecting demand and supply are important in determining market equilibrium, which is the…

Q: The price p and the quantity x ? p=-(1)/(7)x+160,0<=x<=1120 What quantity x maximizes reve

A: Total revenue determines the amount earned from the quantity produced. The TR helps in determining…

Q: Sellers expect the price of a good to rise in the near future. How will this affect the current…

A: # we know that the law of supply states that there exist a direct relationship between the supply of…

Q: Projected Effects of Different Prices on Sales Increased Price or Increased Sales? An increase in…

A: Answer: The change in price and change in total revenue is dependent on the price elasticity of…

Q: COVID-19 lockdowns caused demand for gas to decrease and therefore oil prices plummeted. In…

A: Movement along a supply curve occurs when the quantity supplied changes due to change in the price…

Q: Quantity (thousands) onsider the diagram above. If there is a sudden reduction in supply, which is…

A: Supply refers to the amount of goods or services that producers are willing and able for sale in a…

Q: Price (dollars par bar 3.00 2.50 2.00 1.50 1.00 0.50 0 Supply of energy bars (original) 5 25 30 35…

A: Quantity supplied in economics refers to the volume of goods or services that suppliers will make an…

Q: If a new type of fertilizer is invented that makes coconut trees twice as productive, the _____A___…

A: The demand shows the inverse relation between the price and quantity demanded (law of demand). This…

Q: Show the effect of the following event on the market for gas-powered small cars: People decide to…

A:

Q: What is the law of supply?         A) As price increases, supply decreases         B) As price…

A: The law of supply is a fundamental principle of economic theory which states that, keeping other…

Q: Let x represent the demand for DVD players and y represent the price. Then the demand equation for…

A: Demand: y=440-28x Supply: y=110 +14x

Q: The table gives the demand schedule and the supply schedule for milkshakes. What is the equilibrium…

A: The demand schedule shows the demand for a particular product in the market. On the other side, the…

Q: You will analyze the Market for Gasoline Step 1: Draw a supply-and-demand diagram. Price is on the…

A: Equilibrium is the static position where demand sand supply is equal that is at the intersection of…

Q: What is the percent change in price when the price drops from $6 to $5? Assume your answer is a…

A: The price has dropped from $6 to $5. And we have to find a percent change in price.

Q: Consider the market supply curve below, representing the price of oil. The impact on supply of an…

A: When the supplier moves along the same supply curve there will be a resulting change in the quantity…

Q: Table 3.9 illustrates the market's demand and supply for cheddar cheese. Graph the data and find the…

A: Market demand refers to the total quantity of a good or service that all consumers in a market are…

Q: The demand equation is 4,750,000 -1700P and the supply equation is -1,250,000 + 1300P. Solve for the…

A: Equilibrium is achieved in the market at the output level where quantity supplied equals quantity…

Q: The demand curve for a flight between SFO and LAX is given by PD = 350 - 2QD. The supply curve %3D…

A: Demand: PD = 350-2QD Supply: PS = 50+QS

Q: If demand falls as a result of a change in tastes, it is likely that as a result: Selected answer…

A: price is reliant upon the communication between the demand and supply parts of a market. Request and…

Q: (A) Given the following data on individual supply and demand, calculate the market supply and…

A: A. Market supply is calculated by adding the quantity supplied by all the individual firms.…

Q: this is an economics question. *Was the shortage of hand sanitizer, masks and disinfectant products…

A: supply and demand, in economic matters, is the connection between the amount of a product that…