The relationship between the ticket price and the number of spectators is presented in the table: If the cinema has 2,600 seats and the ticket price is € 10, will the balance be achieved and the cinema hall will be completely full? How many places will be available? What is the equilibrium price? ticket price  demand supply income 4 3000     6 2800     8 2600     10 2400     12 2200

Q: Consider a competitive market for which the quantities demanded and supplied (peryear) at various…

A: The demand and supply table is as follows:

Q: 6 01:10:00 The table below shows the market demand and supply schedules for pumpkins. (1) Price ($…

A: The demand, supply and shortage of the pumpkins in the market is given as PriceQuantity…

Q: The table below shows the quantity demanded and supplied on barley for each price per bushel. Price…

A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…

Q: Suppose the total demand for wheat and the total supply of wheat per month in the Kansas City grain…

A: Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: For each of the following four situations, determine if it is the demand or the supply of autos that…

A: According to the law of demand greater quantity of commodity is demanded at lower prices and smaller…

Q: State the cross price elasticity (of demand). Suppose the price of a good (X) is RM5, now the price…

A: Any two goods can be related to each other in the following two ways : complementary and substitute.…

Q: The demand and supply schedules for gatorade is as follows Price (Gallons) Quantity Demanded…

A: An equilibrium quantity means that there will be no surplus or shortage of a product in the market.

Q: PRICE $4 Supply Demand 0 10 QUANTITY (units) In the market shown in the graph above, at a price of…

A: Market equilibrium basically refers to a scenario at which the quantity demanded is equal to the…

Q: 8 9 Price per Cheeseburger $5 7 6 Quantity Demanded Quantity Supplied (Cheeseburgers per…

A: Here, the given table shows the quantity demanded and quantity supplied of cheeseburger at different…

Q: When illustrating the market for electric automobiles, the sup

A: Supply bend is meant by S  Supply bend shows the connection between the amount provided and cost.…

Q: Figure 5-1 Price of paper Demand Quantity of paper Suppose there are several paper mills producing…

A: DEADWEIGHT LOSS: A deadweight loss could be a price to society as a full that's generated by an…

Q: Finding the Slap Question 1: Demand for Theater Tickets Price $15.00 $5.00 Price Quantity 2 10 Price…

A: A graph that illustrates the relation between a product's supply and demand is called a supply and…

Q: please answer both a and b

A: Equilibrium is attained in the market at the point where the demand and the supply intersect each…

Q: The following equations represent the demand and supply equations for widgets. QD=d-c.P Qs = -b +…

A: The demand and supply equations for widgets are as follows:  Qd = d - cP Qd = -b + aP

Q: 4. Add the old demand schedule and the demand schedule for the new students to calculate the new…

A: The distribution of the goods is ideal in a free economy. When a commodity's supply and demand are…

Q: Consider a competitive market for which quantit prices are given below: Price ($) 60 80 100 30 32…

A: Price elasticity of demand shows the percentage change in quantity demanded due to a percentage…

Q: Which of the following will not change the equilibrium quantity and price for fast-food hamburgers?…

A: The equilibrium price and quantity exist at the level where the demand and supply are the same.

Q: Essay Question: BO08: Explain in complete sentences what happens to supply or demand and what the…

A: Supply curve is shift rightward when supply of the commodities increases and leftward when supply of…

Q: b) Assume that a heavy frost destroys half the World coffee than they do in tea. Coffee Tea Cream…

A:

Q: At a price of $100 there is demand for 824 items and a supply of 500 items. At a price of $180 there…

A: A linear demand function will be applying the algebraic approach for the computation of the supply…

Q: Explain what will happen to the UK market price and market quantity of tea if there is an increase…

A: Substitute goods are those goods whose elasticity is positive. It means that, if the price of one…

Q: 4.15 Following are four graphs and four market scenarios, each of which would cause either a…

A: The supply curve is a graphic representation of the correlation between the cost of a good or…

Q: Identify what happens to equilibrium price and quantity in each of the following | [05] cases: a.…

A: The demand for a good is the quantity of a good that consumers desire to buy and are willing to pay…

Q: The table below shows the total demand and supply for bushels of wheat per month. Supply (*000)…

A: In a market, shortage and surplus of output refers to the situation when there is a mismatch between…

Q: Suppose that a market for tires is described by the following supply and demand equations: QS = –…

A: Answer

Q: Qp = 85 -0.4P, where Qp is the quantity in millions of barrels per day and P is price per barrel in…

A: Equilibrium refers to the market situation when quantity demanded by consumer equals the quantity…

Q: The supply and demand schedules for a local electric utility are as follows in the table below. The…

A: Demand curve is the downward sloping curve.  Supply curve is the upward sloping curve.  Equilibrium…

Q: Suppose that a market is described by the following supply and demand equations: Qs = 10P QD=150-20P…

A: Equilibrium occurs when demand and supply forces are equal. The price prevailing at equilibrium is…

Q: ffect of Price on Supply of Tires Suppose the quantity x of Super Titan radial tires made available…

A: given that the equation is  p-1x22=48 also price per tire is decreasing at the rate fo $6 per week

Q: Question 2 The demand for good X is given by Q Qx = = 50-2P, and the supply of good X is given by…

A: To calculate the excess burden for each good as a result of tax imposition, we first need to…

Q: Assume that the market is Coca-Cola. An increase in the price of Pepsi will cause which of the…

A: Increase in price of pepsi will increase demand for coca-cola. Therefore equilibrium price and…

Q: Suppose that the demand and supply schedules for raisins in South Carolina are as fallows,…

A: Demand refers to the quantity of a particular commodity that a consumers or a set of consumers are…

Q: Price (dollars per sandwich) 0 869SAWN- 2 3 4 5 7 Quantity supplied (sandwiches per week) 0 Quantity…

A: Equilibrium is a state where there is neither any surplus nor any shortage.

Q: In a particular market, demand and supply curves are defined by the following equations:   P=50 –…

A: Economic equilibrium is a kind of situation in which the forces of the market such as demand and…

Q: When firms in a market expect the price of their products to rise, the supply curve of their goods ,…

A: Equilibrium refers to the situation in the market when quantity demanded by consumers equals the…

Q: Using your answer to (b), determine how the equilibrium price and quantity of pork changes for a…

A: Equilibrium Price is the price at which the quantity of goods producers are willng to produce and…

Q: Sanford stadium has 90,000 seats. What is the shape of the supply curve for tickets to football…

A: If the stadium has 90,000 seats, the supply for tickets is perfectly inelastic to football games at…