MarkQuestion 15What will happen to the equilibrium price and quantity of newcars if the price of gasoline rises, the price of steet risespublic transportation becomes cheaper and morecomfortable, and auto workers negotiate higher wages?Select one:Quantity will fall, and the effect on price isanonbiqueb.Price will fall and the effect on quantity isambiguousC.Price will rise, and the effect on quantity isambiguousd Quantity will rise, and the effect on price issnonfique

Answered: Image /qna-images/answer/e78a31a6-a93c-417b-8892-39e657fc8460.jpg

Answered: What will happen to the equilibrium…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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3. Find the equilibrium point for the demand and supply functions for the Ultra-Fine coffee maker. Here q represents the number of coffee makers produced, in hundreds, and p is the price of a coffee maker id dollars. 1 Demand: q 50- -p р Supply: q = p - 25 4
The demand for watches is given by p = 7000 − 2q dollars, and the supply of watches is given by p = 0.01q + 2q + 1000 dollars, where q is the number of watches demanded and supplied when the price per watch is p dollars. Based on the information provided, calculate the equilibrium quantity and the equilibrium price for watches.
Find the point of equilibrium for the following supply and demand equations where ? is number of units and ? is the price per unit. Demand: ?=74−0.000030?=74−0.000030q Supply: ?=43+0.000280?=43+0.000280q Number of units for equilibrium = Price per unit at equilibrium =
The supply and demand equations for a particular product are p= 80 + 0.18q andp= 120−0.22q,respectively, whereprepresents the price per unit in dollars and q represents the quantity of units sold per timeperiod. Find the equilibrium pricepand quantity q.
Now suppose that Maine lobsters can be sold in France. The French demand schedule for Maine lobsters is as follows: Quantity of lobster supplied (pounds) Price of lobster (per pound) $25 100 20 300 15 500 10 700 900 b. What is the demand schedule for Maine lobsters now that French consumers can also buy them? Draw a supply and demand diagram that illus- trates the new equilibrium price and quantity of lobsters. What will happen to the price at which fishermen can sell lobster? What will happen to the price paid by U.S. consumers? What will happen to the quantity consumed by U.S. consumers?
Given the supply and demand functions of a good -120 = -6xp – 2p -40 = 2xs – p The equilibrium quantity is Choose... The equilibrium price is Choose...
. If the supply and demand functions for a commodity are given by 8 p − q = 290 and (p+2)q =5720, respectively, find the price that will result in market equilibrium.

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What will happen to the equilibrium price and quantity of new cars if the price of gasoline rises, the price of steet rises Public transportation becomes cheaper and more comfortabte, and auto workers negotiate higher wages?