6. Let (inverse) demand be Pb = 99 - 1 Qb and (inverse) supply be Pv = 28 + 3 Qv. Consider the shift in supply illustrated (the intercept of Pv moves by 9), how much does the price change? Answer: your answer Submit Price ($) $350 $300 $250 $200 $150 $100 $50 $0 0 10 Demand 20 30 Supply 40 50 Quantity Eqm 60 S + shift 70 80 90 100

for the below table, can you provide the supply function and list out the different variables and constants for it?

Use the following graph: The graph below pertains to the supply of paper to colleges and universities. price quantity Refer to the graph above. All else equal, an increase in the price of pulp input used in the paper production process would cause a move from: Oy to x O SA to SB Ox to y O SB to SA

A nomadic tribe in Lapland spends all its productive time hunting reindeer. Someof the reindeer meat is kept for consumption and the remainder is sold at a nearbytrading station in return for other goods. It is observed that when the price ofreindeer meat increases the amount the tribe is willing to supply decreases.(a) Sketch this situation in a diagram, with axes ‘reindeer meat’ and ‘all othergoods’. (Hint: locate the production position and sketch the consumptionopportunities line before and after the price change).(b) Determine if reindeer meat is an inferior good to the tribe?(Hint: consider what happens to the consumption position).(c) How does the analysis change if the tribe can hunt and trade fish as well as thereindeer? (Hint: now label the axes ‘reindeer meat’ and ‘fish’ and considerboth the production and consumption decisions