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- I am stuck on this problem, I don't know where to start. Could you give a step by step on how to figure this problem out. Thank you. There is an increase in demand of 100 units at each price and a decrease in supply of 100 units at each price. In the graph below, draw the new demand and supply lines. Instructions: Use the graphing tools, 'D2', 'S2', to plot the new demand and supply lines on the figure and then use the grid lines to determine the new equilibrium price and quantity.The accompanying table gives the relationship between the price of custard pies and the number of pies Jacob buys per week: Price ($ per pie) $3.00 2.00 5.00 6.00 1.00 4.00 Quantity of pies 6 7 4 3 8 5 Week July 2 July 9 July 16 July 23 July 30 August 6 a. Is the relationship between the price of pies and the number of pies Jacob buys a positive relationship or a negative relationship? A. Negative relationship OB. Positive relationship Assume that when plotting a graph, price (in dollars per pie) is on the y-axis and quantity (in pies per week) is on the x-axis. When plotting the points, when the y-value is 1, the x-value is 8, when the y-value is 2, the x-value is 7, when the y-value is 3, the x-value is 6, when the y-value is 4, the x-value is 5, when the y-value is 5, the x-value is 4, and when the y-value is 6, the x-value is 3 (Enter your responses as whole numbers.) The line that best fits the dataThe following graph shows the annual market for Florida oranges, which are sold in units of 90-pound boxes. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. 07014021028035042049056063070050454035302520151050PRICE (Dollars per box)QUANTITY (Millions of boxes)Demand Supply Graph Input Tool Market for Florida Oranges Price (Dollars per box) Quantity Demanded (Millions of boxes) Quantity Supplied (Millions of boxes) In this market, the equilibrium price is per box, and the equilibrium quantity of oranges is million boxes. For each of the prices listed in the following table, determine the quantity of oranges demanded, the quantity of oranges supplied, and the direction of pressure exerted on prices…
- The following graph shows the relationship between a worker’s years of education and the salary he or she is likely to earn. What is wrong with this graph? It doesn’t label the variables on the two axes. It gives no information about the units for the variables. It uses different scales on the two axes. It has no data.Gender inequality is a prevalent phenomena in South Africa's economy, with significant ramifications for the labor market. Make an illustration outlining the economic effects of gender inequality and the steps being taken to rectify it by 2030 in accordance with the Sustainable Development Goals. The illustration should include text, numbers, graphs, and pictures.What is a lexicograph curve
- The table below is extracted from Goodland Republic Bureau of Statistics records for 2016 -2017. Use the information to answer the questions that follow. Item Price 2017 (Base Year) Price 2018 Production Price per Unit ($) Production Price per Unit ($) Rice (tons) 50,000 1.50 55,000 2.00 Wheat (tons) 100,000 2.00 98,000 2.50 Tractors mid-size (units) 50,000 23000.00 45,000 2,450.00 Cotton (tons) 120,000 100.00 110,000 120.00 Used cars 5,000 5,000.00 6,000 7,000.00 Manufacture garments (tons) 150,000 50.00 145,000 70.00 Eggs (trays) 2,000 2.50 2,300 3.50 Coca Cola (litres) 6,000 0.80 6,500 1.20 Pepsi Cola (litres) 700 1.10 850 1.50 Beef (tons) 5,000 6.50 4,800 8.50 Second Hand Clothes (tons) 500 15.00 450 25.00 Alcoholic Beverages (litres) 500 3.25 600 3.75 Milk (litres) 7,000 2.30 7,500 2.50 Examine the…Reproductions of the National Gallery of Art’s Girl with a Watering Can by Renoir are offered for sale in the gift shop. The manager finds that if she sets the price at $20, no reproductions are sold. For every dollar she reduces the price, 10 additional copies are sold each week. Sketch a graph showing the relationship between the price of a reproduction and the number sold each week.i have calculated for number one sevral times and i still do not get the 240 as the answer
