Suppose that the supply and demand for sunglasses are  p=0.8q+6 p=-1.2q+14 Where P is the price in dollars and Q is the quantity in hundreds.   A. Find the supply and demand (to the nearest unit) if sunglasses are sold for $7each. Discuss the stability of the sunglasses market at this price.   B. Find the supply and demand (to the nearest unit) if sunglasses are sold for $11each. Discuss the stability of the sunglasses market at this price.   C. Find the equilibrium price and quantity.

Q: Commodities X and Y have equal price elasticity of supply. The supp from 400 units to 500 units due…

A: Price elasticity of supply measures the responsiveness to the supply of a good or service after a…

Q: The table below shows the market for AA batteries in Tulsa, Oklahoma, when tornadoes threaten the…

A: Deadweight loss is a  cost to society created by market inefficiency when supply and demand are not…

Q: Consider the information above. In equilibrium, what will the market price be? a) $20 b) $65 c) $80…

A: A dominant firm market, also known as a dominant firm oligopoly, is a market structure characterized…

Q: The following table shows the demand and supply of tickets of a football game which will be held at…

A: Given, Price  Market Demand Market Supply  20 5000 3500 30 4000 3500 60 3000 3500 80 2000…

Q: Solve and analyze the following problems. Make sure all steps are properly justified. Correctly uses…

A: The equilibrium is established where the demand and supply are equal.  Pd =PS.

Q: What do we mean by talking about "Demand for one product" and "Supply of one product"? Could you…

A: Demand for a single product means when changes in the prices and prices of other commodities affect…

Q: Some used cars are peaches, worth $3,000 to buyers and $2,500 to sellers, and some are lemons,.…

A: Given, Plum cars worth to buyers = $3000 Plum cars worth to sellers = $2500  Lemon cars worth to…

Q: In this problem, p is in dollars and q is the number of units. Suppose that the demand for a product…

A: The elasticity measures the change in quantity due to change in price.  The demand is elastic when…

Q: Effect of Weather on Prices. Suppose a freeze in Florida destroys 20% of the orange crop. Use the…

A: Accoding to the question freeze in Florida destroys 20% of the orange crop.Which means that supply…

Q: A company is considering building a bridge across a river. The bridge would cost $2 million to build…

A: Total revenue refers to the amount earned by the firm during the entire course of business. It can…

Q: A good will have a more inelastic demand Select one: a. if it is considered a necessity. b. the…

A: Answer: Correct option: a (if it is considered a necessity) Explanation: Necessary goods are…

Q: Suppose a Palestinian company (Siniora Food Industries Company) sells 20,000 units when the price is…

A: A. Q1 = 20,000 units Q2 = 30,000 units Using mid-point method: Percentage change in quantity =…

Q: 8. Your college yearbook is affected by supply and demand. If the demand equation is p = -x +2.25,…

A: The revenue function is a mathematical statement that multiplies the price per unit by the amount…

Q: 1. The equation for a demand curve is P = 48 - 3Q. What is the elasticity in moving from a quantity…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Diagrammatically‌ ‌show‌ ‌and‌ ‌explain‌ ‌how‌ ‌oil‌ ‌prices‌ ‌dropped‌ ‌as‌ ‌concerns‌ ‌over‌…

A: ***Since the student has posted multiple questions, the expert is required to solve only the first…

Q: The supply equation for a given product is y = 10x + 50, while the demand equation for the same…

A:

Q: 2. Thrift store clothing is considered an inferior good. The demand for thrift store clothing…

A: The quantity(Q) of a service or good consumers are ready and capable of purchasing at a particular…

Q: TABLE 4-3 Price (per litre of gasoline) Quantity Demanded (thousands of litres) Quantity Supplied…

A: Quantity demanded can be defined as the sum total of a commodity that is being demanded at a given…

Q: Assume that the supply and demand equations for 1-shirts at store A and 2 in a particular week are.…

A:

Q: Question 6   At the price of $5 per pack of batteries, Duracell sells 10,000 packs of batteries and…

A: Market supply: The entire amount of an item that manufacturers are willing and able to sell at…

Q: Your younger brother needs $600 to buy a new computer. He has opened a sandwich stand to make the…

A: The elasticity of demand is the reaction of demand due to change in price of goods and services,…

Q: Question 3 Suppose a Palestinian company (Siniora Food Industries Company) sells 20,000 units when…

A: Since in this question there are 4 sub parts so I am solving only 3 sub parts. Please ask remaining…

Q: A friend of yours is off to Paris to cat croissants at Laduree on Rue Royale Croissants Total value…

A: Diminishing Marginal Utility:Diminshing marginal utility refers to the tendency for the additional…

Q: 1. Consider two companies involved in the supply chain: a retailer who faces customer demand and a…

A: Demand is the desire of an individual ability and willingness to pay for a product. The demand is…

Q: Type the correct answer in the box. Spell all words correctly. Vivian conducted market research on…

A: In economics, elasticity is defined as the responsiveness of the quantity demanded of a good to…