Refer to the figure above. If Good Z is an inferior good and consumers' incomes decrease at the same time as the number of suppliers of Good Z decreases and the shift in demand is greater than the shift in supply, the equilibrium price will be than $100 and the equilibrium quantity will be than 100. O greater; greater O greater, less less; greater less; less

Q: I need help in solving this question because I'm not sure it's right?

A: The United State federal government passed the American Recovery and Reinvestment Act in 2009 was to…

Q: c. How much total consumer surplus will each of them receive at a price of $32?

A: Last parts C and d are answered below:

Q: The answers you provided are incorrect and incomplete.

A: A perfectly competitive firm is a price taker, which means it takes the price set by the market…

Q: heeds to make an additional repair, which will cost another $400, in order to make the guitar worth…

A: here we can find the answer of given question by following method given below;

Q: I need help working through this problem

A: Market clearing price and quantity is archived where both seller and buyer agree to exchange their…

Q: (Trade Restrictions) Suppose that the world price for steel is below the U.S. domestic price, but…

A: When a country wants to restrict its imports of foreign goods it can use two devices: Tariffs…

Q: How can the future worth be calculated?

A: The present worth method or the Net present value method is an important method used for determining…

Q: what about question g

A: Equilibrium price is a fundamental concept in economics that refers to the price at which the…

Q: The solution provided does not match the one on top, how do you actually solve it?

A: Inverse Demand Function is given as ;- P(Q)=845-2Q     ; Total output Q=q1+q2 There are two firms…

Q: Are options b through e correct or incorrect?

A: A price ceiling is the commanded most extreme amount a dealer is permitted to charge for a product.…

Q: solve all plea

A: Hi there , as per our guidelines we can solve only 1 question at a time . So we are solving Ques 2-2…

Q: c) What is the cost of the consumer's original 2018 bundle at the new 2019 prices? How much…

A: Now, the price of food F1= $100  the price of housing increased H1 = $200. the cost of the…

Q: Could you please give me full detailed answer?

A: A pizza company runs its business in a franchisee mode and has decided to conduct a $1 promotion for…

Q: Write the method of  Computing the Present Worth?

A: Present value/worth is defined as the current value of the amount of money that a person will…

Q: An agricultural seed company has an inverse demand given by: P 120 - 2Q, and a cost function…

A: Given- P=120-2Q-------------1 C =20Q We can calculate : Total Revenue (TR) = PXQ = 120Q - 2Q2 Now,…

Q: What's the answer I can't see it

A: Demand for good X with respect to good Y is cross-price elastic: With every 1% increase in the price…

Q: Could you solve question D as well

A: The term "LM" stands for the Liquidity-Money Supply framework, an economic model that depicts the…