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- What is the likely demand for the product?How does the equilibrium price and quantity change when here are bad rumors about a product? Are there any changes or none? Provide a graph of your answerIn the given supply schedule, make a supply curve and reflect the following situations by making the curve. Draw also the demand curve to determine the equilibrium. Mark the equilibrium price Situation Price (P) Quantity (Q) A 650 6000 550 5000 450 4000 D 350 3000 E 250 2500 F 150 2000
- carefully explain whats happening to the market for a regular cup of coffee. indicate the impact if any on demand supply price and quantity. a new study show many great health benefits of teaWhich of the following factors would impact a buyer's reservation price for a given good or service? check all that apply Peer influenceunanswered The cost of producing the itemunanswered The price of a goodSelect and name a market of any well-known product , draw its market diagram, state and name four different factors that might cause changes in equilibrium price and quantity.
- How does a change in production technology impact supply, demand and equilibrium price?Does a huge supply of a product lower or higher the price of a product?Does supply increase/decrease? No, the change in the price of landline phoneservice does not affect any of the nonprice determinants of supply. The supplycurve stays where it is.
- A locus of points that shows the inverse relation between price and quantity all other things constant or equalvSuppose that supply and demand for a certain commodity are described by the supply curve, p=0.0001q+0.005 , and demand curve, p=-0.002q+62.00 . Determine the quantity of the commodity that will be produced and the selling price.Shifts in the supply curve