(Figure: Price Floor) Refer to the graph. Assume a price floor is implemented at $35. Using the graph answer the following questions: (a) How many units are buyers willing to buy after the institution of the price floor? (b) How many units are sellers willing to sell after the institution of the price floor? (c) After the institution of the price floor, how many units are actually sold in this market? (d) Does the price floor cause a shortage or a surplus? How many units is this shortage or surplus? Price $40 $35 $30 $25 $20 $5 25 30 40 50 60 Supply 75 Demand 100 Quantity

Question: i) Explain briefly what is demand? ii) What are the types of demand?

Demand & Supply Schedule (picture) Compute the Following: SHOW YOUR SOLUTIONS 1 Demand coefficient of price (b-value) , Level of demand independent of price (a-value) and Demand Function 2 Supply coefficient of price (d-value),. Level of supply independent of price (c-value) and Supply Function 3 equilibrium Price and equilibrium Quantity

10. Market equilibrium The following table shows the monthly demand and supply in the market for shoes in San Francisco. Price Quantity Demanded Quantity Supplied (Dollars per pair of shoes) (Pairs of shoes) (Pairs of shoes) 20 1,650 300 40 1,200 750 60 600 1,050 80 300 1,350 100 150 1,500 On the following graph, plot the demand for shoes using the blue point (circle symbol). Next, plot the supply of shoes using the orange point (square symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for shoes. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 120 100 Demand 80 Supply 60 Equilibrium 40 20 300 600 900 1200 1500 1800 QUANTITY (Pairs of shoes) PRICE (Dollars per pair of shoes)

Suppose that the demand and supply of liter of petrol are given in table 1 below: Price (RM) Quantity demanded (liter per day) Quantity supplied (liter per day) 0.80 8 24 0.75 10 22 0.70 12 20 0.65 14 18 0.60 16 16 0.55 18 14 Table 1   What is the equilibrium price and quantity of petrol, use a graph paper to draw a demand curve and supply curve based on the  table

Question 1 For each of these situations for part a, b, c, answer what happens to the list below. (increase, decrease, no change) with all other things constant. In addition draw the necessary Demand and Supply graph and show the shifts. Label all points on the graphs clearly. State for each market below what happens to: demand, supply, equilibrium price, equilibrium quantity, Quantity Demanded, Quantity Supplied How will a decrease in supply of Coffee affect the market for Coffee and Tea market? Assume substitute products. You need to show two markets, with two sets of the list. ? How will an increase in cost of plastic used in making toys affect the market for toys? How will the increase' Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.

Hi, may I please get help with question (d), (e), (f)? I already got answers for the first 3.

Interpret what an increase in demand and an increase in supply mean. Discuss the causes of an increase in demand and an increase in supply. How are increases in demand and supply expressed graphically?

Question: What happens to equilibrium price and quantity in a market when there is an increase in both supply and demand? A) Equilibrium price decreases, equilibrium quantity increases B) Equilibrium price increases, equilibrium quantity decreases C) Equilibrium price and quantity both increase D) Equilibrium price and quantity both decrease

The following table shows the annual demand and supply in the market for orange juice in San Diego. Price (Dollars per gallon of orange juice) 2 12 4 6 8 10 9 (axınl abuex Quantity Demanded (Gallons of orange juice) 500 400 300 200 100 On the following graph, plot the demand for orange juice using the blue point (circle symbol). Next, plot the supply of orange juice using the orange point (square symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for orange juice. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. Quantity Supplied (Gallons of orange juice) 50 150 200 300 450 Demand --