Draw supply and demand graphs for each of the following markets. Be sure to label the axis and curves. Show the impact on each graph and be sure to indicate what happens to equilibrium price and equilibrium quantity as a response to the event described. a. Market: Bicycles Event: Labor costs increase b. Market: Movie Theater Popcorn Event: Price of movie tickets increases c. Market: Smart TVs Event: New producers enter the market

Using supply and demand diagrams show the effects on equilibrium price and quantity for the following situations. Begin at an initial equilibrium and show the effects on the demand or supply curves, as well as the effect on equilibrium price and quantity. (You can just draw them by hand and upload the picture.) The impact of a drought in the Midwest on the market for wheat. The impact of a fall in the price of steel on the market for new cars. The impact of a study showing orange juice consumption lowers the risk of heart attacks on the market for orange juice, and on the market for cranberry juice. The impact of an increase in the price of hot dogs on the market for hot dog buns.

In the graph below start in equilibrium, show an increase in supply. What happens to equilibrium price?   What happens to equilibrium quantity?  Make sure you label the axis, the curves and original price and quantity and the new price and quantity.

Consider the market for electrical cars. The price of gasoline increases and the cost of producing electrical car batteries rise. How will the market for electrical cars respond? a. prices will rise and the equilibrium quantity may or may not change.   b. prices will rise and the equilibrium quantity will increase.   c. prices will rise and the equilibrium quantity will decrease.   d. There is not enough information to answer the question

Use a supply and demand graph to show the impact of the following on the equilibrium price and quantity. Apple announces on their social media page that their laptops will go on sale in August just in time for the back to school shopping.

please answer the following for the graph. It's 5 questions so please take away 5 out of the 30 I have if you need to. Thank you.

Consider that the price of basketball tickets at your college is determined by market forces. Currently, the demand and supply schedule is as follows: Quantity Demanded (# of tickets) Price Quantity Supplied (S) (# of tickets) 4 10000 7000 8 8000 7000 12 7000 7000 16 3000 7000 20 2000 7000 What are the equilibrium price and quantity of tickets? $16 and 3000 tickets. $8 and 8000 tickets. $12 and 7000 tickets. None of these answers. O O

The firm supply and the market supply of bread are shown in the diagram. Which of the following statements about the diagram is incorrect?  Select one: a. There is a close relationship between the firm supply and the market supply. b. The market supply illustrates the total amount supplied by all firms in the market at each price. c. The market supply curve shows the relationship between the price and the amount supplied, ceteris paribus. d. If the price increases, more firms supply bread. e. If the price is 1.5, the amount supplied by a firm is 60.