The demand and supply curves for the pizza market are shown in the graph below. Calculate the daily producer surplus. Instructions: Enter your response as a whole number. lice) 7 6 5 Market for pizza S
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- The following table gives the demand and supply schedules for gadgets Quantity Demanded Price Quantity Supplied 30 $25 $20 90 210 110 190 130 170 $15 150 150 $10 170 130 The equilibrium price in this market is S6 The equilbrium quantity in this market isunits H the price in this market was $25 there would be a unitsThe table below represents the market for DVDS. Quantity of DVDS Demanded (Millions) Price Quantity of DVDS Supplied (Millions) (S) $2 30 3 25 10 4 20 20 15 30 9. 10 40 50 8 60 The value of cansumer surplus is $ million. (Enter your response as an integer.)What is surplus
- What is producer surplus ?The quantity demanded each month of russo Espresso Makers is 250 when the unit price is $140; the quantity demanded each month is 1000 when th e unit price is $110. the suppliers will market 750 expresso makers if the unit price is $60 or higher. At a unit price of $80 they are willing to market 2250 units Both the demand and supply equations are known to be liniear. A: Find the demand equation. B: Find the supply equation. C: Find the equilibrium quantity and the equilibrium price.PRICE (Dollars per blinkie) Demand 70.00 A 55.00 40.00 B C D E F 6 9 QUANTITY (Blinkies) Supply ?
- Below is the demand and supply schedule for the market of gum Price per hour Qty supplied Qty demanded 0.20 30 180 0.30 60 160 0.40 90 140 0.50 120 120 0.60 140 100 0.70 160 80 0.80 180 60 1.Draw the graph and find the equilibrium price and qty 2.Calculate the consumer and producer surplus 3.Find the excess demand and supply for the below prices P-0.70,0.30,0.80,0.40Given below is a diagram showing the relationship of Internet providers price and the number of subscribers. Compute the Consumer surplus. * 3000 1600 secPEO Macmillan Learning Suppose the cost of lithium-ion batteries, an input into the production of electric vehicles, has dropped more steeply than expected. The accompanying graph depicts a market for electric vehicles. Demonstrate the effect of a reduction in the price of lithium-ion batteries by adjusting the accompanying diagram. Equilibrium price is now $ Equilibrium quantity is now thousand. thousand. Price ($1000s) 100 90 80 70 60 50 40 30 20 10 0 0 1 Market for Electric Vehicles 2 3 4 5 Quantity (1000s) € 6 7 S D 8 9 10
- The table shows the demand and supply schedules for on-campus housing. If the college puts a rent ceiling on rooms of $650 a month, rent is $ number of rooms rented is. The on-campus housing market is V efficient inefficient and the $ Rent (dollars per month) 500 550 600 650 700 750 Quantity demanded 2,500 2,250 2,000 1,750 1,500 1,250 (rooms) Quantity supplied 2,250 2,250 2,250 2,250 2,250 2,250 NextThe demand and supply curves for the pizza market are shown in the graph below. Calculate the daily producer surplus. Instructions: Enter your response as a whole number. Price ($/slice) 6 5 4 ო 2 1 Market for pizza S D 0 4 8 12 16 20 24 28 Quantity (1,000s of slices/day) Producer surplus: $ per day.Give typing answer with explanation and conclusion Explain carefully why, in a competitive market, a quantity less than the equilibrium quantity is inefficient.