CommodityUnitJanuaryFebruaryМаrchАprilMayROOT CROPS119,86176,868Carrots97,88762,325Kg32,432122,18054,453Cassava77.98379,99829,687KgKgKgKgKgKg17,8839,81531,248Common YamImported y amDasheen(Local)Dasheen(Im ported)Eddoes (Local)Eddoes (Im ported)Sweet Potatoes (Local)Sweet Potatoes (Im ported)Ginger20,41316,2354,81819,49218,2104.79840,67468,6251,90636337,50657.78028,32126,325125,72624,88729,95236,18041,80527,25323,58027,79230,83512,26336,45016,560156,648Kg22,7709,280Kg140,389195,12165.3801,9806,480KgKg10,57511,0764,770па35,43528,11737,54513,818CONDIMENTS ANDSPICESCeleryChive (L)Thyme (s)Hot Peppers (100's)Hot Peppers (40 lb)Shadon BeniPimento (S)Bndl.16,32112,2884,4215,64036412,4909,191Bndl.14,0455677,0782761,62411,95117,025Bndl.562927100's1,8761,1941,225531Bag1,97661,2402,2352,2221,693835Bndl.48,63235,34026,37530,050100's3,5715,9104,4925,7503,385CommodityUnitJanuary February MarchAprilMayROOT CROPSCarrotsKgKgKgKgKgKgKgKgKgKgKg11.1910.9410.9811.8610.14Cassava4.676.755.214.944.714.55Common YamImported yamDasheen(Local)Dasheen(Imported)Eddoes (Local)Eddoes (Imported)Sweet Potatoes (Local)Sweet Potatoes (Imported)GingerCONDIMENTS ANDSPICESCeleryChive (L)Thyme (s)Hot Peppers (10o's)Hot Peppers (40 lb)Shadon BeniPimento (S)7.458.226.867.0924.269.2817.4012.5517.15na13.1211.4710.919.287.488.416.679.797-727-717.0913.6514.875.566.6710.0214.539.795.567.119.7815.935.025.906.375.557.047.04na29.5023.7120.0529.9427.92Bndl.27.6531.4826.7228.9570.4825.4830.7550.00Bndl.22.6230.5645-55637-7822.50Bndl.70.7060.5045.25100's33-4532.2727.1430.75BagBndl.284.7713.36196.50213.7112.8416.79207.1412.57253-3313.5011.56100's17.2913.1912.4213.125 "In terms of condiments and spices locals normally consume chive and celerytogether. For root crops, dasheen and eddoes are often combined."i.Derive the demand curve for celery over the period April and May, usingIndifference curve analysis, assuming that the price of chive remainedconstant over the same period. Explain each step in your response andassumptions made.

Given information 2 goods Chive and Celery are used together and price and quantity is given for…

Commodity Unit January February March April May ROOT CROPS Carrots Cassava Com mon Yam Im ported y am Dasheen(Local) Dasheen(Im ported) Eddoes (Local) Eddoes (Im ported) Sweet Potatoes (Local) Sweet Potatoes (Im ported) Ginger CONDIMENTS AND 97.887 62,325 17,883 9,815 31,248 41,805 119,861 76,868 16,235 Kg Kg Kg Kg Kg Kg Kg Kg 122,180 79.998 20,413 4.798 40,674 68,625 30,835 16,560 32,432 54.453 77.983 19,492 18,210 1,906 37.506 57.780 28,321 26,325 125,726 29,687 4,818 363 24,887 27,253 12,263 9,280 29,952 36,180 23,580 27,792 22,770 36,450 Kg 140,389 195,121 156,648 65,380 6,480 Kg Kg 10,575 1,980 4.770 28,117 na 11,076 35,435 37,545 13,818 SPICES Celery Chive (L) Thyme (s) Bndl. 16,321 14,045 567 12,490 12,288 9,191 4.421 5,640 364 Bndl. 7,078 276 11,951 17,025 Bndl. 562 927

Commodity Unit January February March April May ROOT CROPS Carrots Cassava Com mon Yam Im ported y am Dasheen(Local) Dasheen(Im ported) Eddoes (Local) Eddoes (Im ported) Sweet Potatoes (Local) Sweet Potatoes (Im ported) Ginger CONDIMENTS AND 97.887 62,325 17,883 9,815 31,248 41,805 119,861 76,868 16,235 Kg Kg Kg Kg Kg Kg Kg Kg 122,180 79.998 20,413 4.798 40,674 68,625 30,835 16,560 32,432 54.453 77.983 19,492 18,210 1,906 37.506 57.780 28,321 26,325 125,726 29,687 4,818 363 24,887 27,253 12,263 9,280 29,952 36,180 23,580 27,792 22,770 36,450 Kg 140,389 195,121 156,648 65,380 6,480 Kg Kg 10,575 1,980 4.770 28,117 na 11,076 35,435 37,545 13,818 SPICES Celery Chive (L) Thyme (s) Bndl. 16,321 14,045 567 12,490 12,288 9,191 4.421 5,640 364 Bndl. 7,078 276 11,951 17,025 Bndl. 562 927

Microeconomics: Principles & Policy

14th Edition

ISBN:9781337794992

Author:William J. Baumol, Alan S. Blinder, John L. Solow

Publisher:William J. Baumol, Alan S. Blinder, John L. Solow

Chapter4: Supply And Demand: An Initial Look

Section: Chapter Questions

Problem 5TY

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