Case s ummary: LLC named F and M sued the company MA, situated in New Jersey, in federal district court. 10 % of the company M was owned by the company S LLC., situated in Delaware. S has 6 members including P and G. Moreover, P and G have a common person known as O, a citizen of New Jersey. To f ind: The possibility in enforcement of diversity jurisdiction by the district court assuming that the amount in controversy had exceeded $ 75,000.

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4. Supply and Demand. The table gives hypothetical data for the quantity of electric scooters demanded and supplied per month. Price per Electric Scooter Quantity Quantity Demanded Supplied $150 500 250 $175 475 350 $200 450 450 $225 425 550 $250 400 650 $275 375 750 a. Graph the demand and supply curves. Note if you prefer to hand draw separately, you may and insert the picture separately. Price per Scooter 300 275 250 225 200 175 150 250 400 375425475 350 450 550 650 750 500 850 Quantity b. Find the equilibrium price and quantity using the graph above. c. Illustrate on your graph how an increase in the wage rate paid to scooter assemblers would affect the market for electric scooters. Label any new lines in the same graph above to distinguish changes. d. What would happen if there was an increase in the wage rate paid to scooter assemblers at the same time that tastes for electric scooters increased? 1ང

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Chapter 17, Problem 6BCP

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Case s ummary:LLC named F and M sued the company MA, situated in New Jersey, in federal district court. 10% of the company M was owned by the company S LLC., situated in Delaware. S has 6 members including P and G. Moreover, P and G have a common person known as O, a citizen of New Jersey.

To f ind: The possibility in enforcement of diversity jurisdiction by the district court assuming that the amount in controversy had exceeded $75,000.

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4. Supply and Demand. The table gives hypothetical data for the quantity of electric scooters demanded and supplied per month. Price per Electric Scooter Quantity Quantity Demanded Supplied $150 500 250 $175 475 350 $200 450 450 $225 425 550 $250 400 650 $275 375 750 a. Graph the demand and supply curves. Note if you prefer to hand draw separately, you may and insert the picture separately. Price per Scooter 300 275 250 225 200 175 150 250 400 375425475 350 450 550 650 750 500 850 Quantity b. Find the equilibrium price and quantity using the graph above. c. Illustrate on your graph how an increase in the wage rate paid to scooter assemblers would affect the market for electric scooters. Label any new lines in the same graph above to distinguish changes. d. What would happen if there was an increase in the wage rate paid to scooter assemblers at the same time that tastes for electric scooters increased? 1ང

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