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- what will happen to the equilibrium of mobile phones of government announces higher sales taxes on mobile phones?The US government reduces the tariff on imported coffee will this affect the supply or the deman for coffeeExercise 1: Read and graph the supply and demand schedules bebw to find the price where the market is at equilibrium (Equilibrium is when quantity demanded and quantity supplied are equal) Price per Video Game in dollars) Quantity Demanded (in millions) Quantity Supplied (in millons) 100 100 1100 90 200 1000 300 900 70 400 800 60 500 700 50 600 600 40 700 500 30 800 400 20 900 300 10 1000 200 1100 100 888888888
- > The table shows the demand and supply schedules for magazines. The equilibrium price of a magazine is $ magazines a week. Animation Etext pages and the equilibrium quantity is Get more help. C Price (dollars per magazine) 3.00 3.50 4.00 4.50 5.00 Quantity demanded Clear all Quantity supplied (magazines per week) 160 155 150 145 140 138 144 150 156 161 Check answer (1) ) 1) (1) (1) (1)Market for Product X Price floor III IV Quantity Which numeral represents the equilibrium price of Product X? Price S.20 Demand Supply 18 16 14 さ12 10 8. 12 14. 16 20 QUANTITY Which of the following statements is not correct? When the price is 510.quantity supplied equala quantity demanded. DWhen the price is 512.shere is a surplus of 4 units. 0When the price is S16.quantity supplled exceecs ouantity demanded by 1 units. When.the price ls S6 there is a surplus of8units. PRICE
- What is the equilibrium price? $ Price 70 (dollars per widget) 60- 2 40 30 20 U Question 2 N What is the equilibrium quantity? Price Idollars per widget Supply, S Demand, D 60 Quantity of widgetsAutoSave O Off Activity-2-Market-Equilibrium-Worksheet (1) - Protected View - Saved Search camille ignacio CI File Home Insert Design Layout References Mailings Review View Help Grammarly A Share O Comments DIRECTIONS: (Use a Separate sheet of Graphing paper for the graph, and poperly labelled all details) In the diagram to the right, plot the following hypothetical supply and demand information for 1. Price 3000 2500 Quantity Supplied (Qs - millions) Quantity Price Demanded 2000 (Php) (Qd - millions) 1500 2 3,000 17 4 2,500 16 1000 7 2,000 14 500 11 1,500 11 16 1,000 7 16 20 24 Personal computers (millions) 4 8 12 22 500 2 personal computers (PCs): Text Predictions: On O Focus Page 1 of 2 194 words + 145% 11:03 am Ps L ) ENG 25/05/20213. A recent study found that the demand and supply sche- dules for frisbees are as follows: Price per frisbee Quantity demanded Quantity supplied €11 1 million frisbees 15 million frisbees 10 2 12 9 4 9 8 6 6 7 8 3 6 10 1 What are the equilibrium price and quantity of frisbees? a. Frisbee manufacturers persuade the government that frisbee production improves scientists' understanding of aerodynamics and thus is important for national security. The government decides to impose a price floor €2 above the equilibrium price. What is the new market price? How many frisbees are sold? b. Irate university students march on the government and demand a reduction in the price of frisbees. The govern- ment decides to repeal the price floor and impose a price ceiling €1 below the former price floor. What is the new market price? How many frisbees are sold?
- ges Table Illustrations Add-ins Media Links Comment Header & Text Symbols Footer 7 b_Kad 2.xlsx Price 10t Supply 6 3+.... Demand Shots 60 120 160 210 300 Quantity 27. Refer to the graph above. With an effective price ceiling at $3, the quantity supplied: A) falls from 210 to 120. B) falls from 120 to 60. C) increases from 120 to 210. D) increases from 60 to 120. la_Kac II_2 28. Refer to the graph above. With the effective price ceiling the quantity bought is: A) 60 B) 210 c) 160 d) 120 29. Refer to the graph above. With the effective price ceiling at $3, total consumer surplus will be: A) $240 B) $360 d) S300 d) $150 ductio Shot 7.01 PMThe following is a Table that contains the demand and supply schedules of chocolate ice-creams. Price (cents per ice-cream) $0.90 0.80 0.70 0.60 0.50 0.40 Quantity Demanded (millions per day) 1 asifWNH 2 3 4 5 6 Quantity Supplied (millions per day) 7 6 10 10 5 4 3 2 a) If there is no tax on ice-creams, what is their price and how many are produced and consumed? b) If a tax of $0.20 cents is imposed on every ice-cream consumed, what happens to the price of an ice-cream and the number produced and consumed? Illustrate the effects of this policy on the market for chocolate ice-creams. c) How much tax does the government collect and who pays it?←SEE MORE QUESTIONS
