The supply and demand curves for a business dealing with wheat are Supply: Demand: p = 1.49+ 0.00016x2 p (2.383 0.008x)? where p is the price in dollars per bushel and x is the quantity in bushels per day. Use a graphing utility to graph the supply and demand equations and find the market equilibrium. (The market equilibrium is the point of intersection of the graphs for x > 0. Round your answers to two decimal places.) p = $ buchels Need Help? Read It Watch it Submit Answer Notification Suggestions

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Consider the supply and demand curves for taxi rides in the attached graph. Even though the vertical intercept of the supply curve is not labeled, you can infer that it is equal to_____since the supply curve is a straight line and two points on the curve are labeled.

Explain in a critical way the effects of supply and demand on seasonal agricultural products (strawberry for example). Use graphs to show your analysis

Please answer all parts of the question. Thank You!

Assume that the market supply curve for potatoes is Qs1 = 12 + 0.5P, and that there are two marketing periods for the crop. In the first marketing. The demand curve is Qd1 = 24-P1, and the second period it is: Qd2 = 18- P2. draw a graph of the markets in the two. Showing prices and quantities if it cost nothing to store potatoes. Be sure to label all the relevant features on your graph.

The following graph shows the market for croissants in Philadelphia, where there are over 1,000 bakeries at any given moment. Suppose croissant sellers expect that tomorrow the price of croissant will be significantly higher than today's price. Show the effect of this change on the market for croissants by shifting one or both of the curves on the following graph, holding all else constant. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. PRICE (Dollars per croissant) QUANTITY (Croissants) Supply Demand Demand Supply (?)

You own Naughty Pine lumber and sell fence panels in a competitive market. Right now, your selling price is $130 for a fence panel, and you sell 8 panels a day. You are considering changing your price. You estimate that if you raise your price to $152 a panel, you would sell 7 panels a day. On the other hand, if you lower your price to $108 a panel, you would sell 12 panels a day. (a) Draw a graph of the above information. Label your axes, and the curve. Be sure your work is clear. (b) Use the MIDPOINT FORMULA to calculate Ed over the ranges below. Use TWO decimals in your answers. (i)Calculate the price elasticity of demand for a price change from $130 to $152 and daily Total Revenue if you change your price to $152 a panel  (ii)Calculate the price elasticity of demand for a price change from $130 to $108 and daily Total Revenue if you change your price to $108 a panel Should you keep your current price, or raise the price, or lower the price?

:  Let the Market Demand curve for soybeans be given by the following equation:  Q=100000 -10000P         where  Q = the quantity of soybeans in kilograms             P = the price of soybeans in dollars per kilogram.   Supply:  Let the Market Supply curve for soybeans be given by the equation:  Q= -5000+5000P           Graph the Demand Curve on a sheet of paper. Be sure to label the axes.  What is the slope of the Demand Curve?  Is it positive or negative?  Why?  What is the intercept?  Note that in order to calculate the geometrically correct intercept and slope you probably want to rewrite the equation so that P is expressed in terms of Q, and then interpret the coefficients.   Equilibrium: Graph the Demand and Supply curves together. Label all parts of the graph.  Using algebra, solve for the equilibrium price and quantity of the soybeans.   Consumer Surplus: The Consumer Surplus (CS) is the triangular area under the demand curve and above the equilibrium…

-4 as the answer for a) is incorrect and the answer 2 for c) is incorrect.