In the market for off-campus apartments in San Diego, the market supply curve is QS = 300 + 1/8p The market demand curve for off-campus apartments is QD = 800 - 3/8p What is the equilibrium quantity?
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- A baker will supply 17 jumbo cinnamon rolls to a cafe at a price of $3.91 each. If she is offered $3.15, then she will supply 4 fewer rolls to the cafe. The cafe's demand for jumbo cinnamon rolls is given by p = D(x) = -0.48x + 8.05. What is the equilibrium point? ___ rolls at a price of $ ___ eachThe following graph plots the supply and demand curves in the market for VR headsets. Use the black point (plus symbol) to indicate the equilibrium price and quantity of VR headsets. Then use the green point (triangle symbol) to fill the area representing consumer surplus, and use the purple point (diamond symbol) to fill the area representing producer surplus. PRICE (Dollars per headset) 350 315 280 245 210 175 140 105 70 35 0 0 Demand Supply 40 80 120 160 200 240 280 320 360 QUANTITY (Millions of headsets) Total surplus in this market is $ 400 million. + Equilibrium A Consumer Surplus Producer Surplus ?The estimated demand and supply curve for apples is displayed below. If the current price is $60/ton, is there currently a surplus or shortage in the market for apples? By how much?
- Farmer Brown plants both soybeans and corn. If the price of soybeans increases and the price of corn remains the W. same, what do you expect to happen to the amount of acreage that he devotes to planting each crop? How does your answer help to explain the law of supply? Does the supply curve of corn or soybeans shift? Use graphs to illustrate your answer. Your response should be at least 75-150 words (1-2 paragraphs) in length, including graphs with explanations. houo oinUSE TABLE #1: When illustrating the market for electric automobiles, the supply curve for electric automobiles is labeled _____ and the demand curve for electric automobiles is labeled _____. Group of answer choices D; S S; D S; Qd Qs; DWhat would the supply curve for houses (in a given city)look like for a period of (a) the next 10 hours and (b) thenext three months?
- Use the figure below to answer the following questions. Price (dollars per DVD rental) 7.00 6.00 5.00 4.00 3.50 3 5 S = MC 7 9 Rentals (per hour) Figure 5.2.6 Your grandparents, who prefer to watch movies on DVD rather than stream them, rent DVDs from Old-Fashioned Movie Rental. Figure 5.2.6 shows Old-Fashioned Movie Rental's supply curve of DVD rentals. If the firm rents the fifth DVD at a price of $7, what is the producer surplus on that rental? OA. $28 OB. $1 O C. $7 O D. $3 OE. $6Illustrate the market demand curve for Pepsi Industry if the quantity demanded is lower when the price is increasing.If demand curve for alphonso mangoes is D = 25000 -30P and supply curve is S = 10000 + 70P, find the equilibrium quantity of mangoes.
