ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Frigid Florida Winter is Bad News for Tomato Lovers
An unusually cold January in Florida destroyed entire fields of tomatoes and forced marry
farmers to delay their harvest. Florida's growers are shipping only a quarter of their usual 2.5
million kilograms a week. The price has risen from $13.00 for a 12.5-kilogram bux a year ago
in S60 now.
Source: USA Today, March 3. 2010
Draw the demand curve for tomatoes and the supply curve for tomatoes in January 2009 if the
equilibrium quantity of tomatoes is 200,000 boxes a week and the equilibrium price is $13 a box.
Label the curvas.
Draw a point to show the equilibrium quantity and equilibrium price. Label it 1.
Show how the events in the news clip influence the market for tomatoes in January 2010 and
decrease the quantity of tomatoes to 50,000 boxes and raise the price to $60 a box. Draw ather
a new cemand curve or a new supply curve and label it.
Draw a point to show the new equilibrium quantity and equilibrium price. Label it 2.
se.xcF
52.00-
58.00-
54.00-
46.00
42.00
38.00-
34.00+
30.00-
28.00
Price dolars per box)
18.00
14.00
10.00-
€.00+
250
100 150
Quantity (hands of homes per week)
>>> Draw only the objects specified in the question.
expand button
Transcribed Image Text:Frigid Florida Winter is Bad News for Tomato Lovers An unusually cold January in Florida destroyed entire fields of tomatoes and forced marry farmers to delay their harvest. Florida's growers are shipping only a quarter of their usual 2.5 million kilograms a week. The price has risen from $13.00 for a 12.5-kilogram bux a year ago in S60 now. Source: USA Today, March 3. 2010 Draw the demand curve for tomatoes and the supply curve for tomatoes in January 2009 if the equilibrium quantity of tomatoes is 200,000 boxes a week and the equilibrium price is $13 a box. Label the curvas. Draw a point to show the equilibrium quantity and equilibrium price. Label it 1. Show how the events in the news clip influence the market for tomatoes in January 2010 and decrease the quantity of tomatoes to 50,000 boxes and raise the price to $60 a box. Draw ather a new cemand curve or a new supply curve and label it. Draw a point to show the new equilibrium quantity and equilibrium price. Label it 2. se.xcF 52.00- 58.00- 54.00- 46.00 42.00 38.00- 34.00+ 30.00- 28.00 Price dolars per box) 18.00 14.00 10.00- €.00+ 250 100 150 Quantity (hands of homes per week) >>> Draw only the objects specified in the question.
Frigid Florida Winter is Bad News for Tomato Lovers An unusually cold January in Florida destroyed entire
fields of tomatoes and forced many farmers to delay their harvest. Florida's growers are shipping only a
quarter of their usual 2.5 million kilograms a week. The price has risen from $13.00 for a 12.5 - kilogram
box a year ago to $60 now. Source: USA Today, March 3, 2010 Draw the demand curve for tomatoes and
the supply curve for tomatoes in January 2009 if the equilibrium quantity of tomatoes is 200,000 boxes a
week and the equilibrium price is $13 a box. Label the curves. Draw a point to show the equilibrium
quantity and equilibrium price. Label it 1. Show how the events in the news clip influence the market for
tomatoes in January 2010 and decrease the quantity of tomatoes to 50,000 boxes and raise the price to $
60 a box. Draw either a new demand curve or a new supply curve and label it. Draw a point to show the
new equilibrium quantity and equilibrium price. Label it 2. Price (dollars per box) Draw only the objects
specified in the question.
expand button
Transcribed Image Text:Frigid Florida Winter is Bad News for Tomato Lovers An unusually cold January in Florida destroyed entire fields of tomatoes and forced many farmers to delay their harvest. Florida's growers are shipping only a quarter of their usual 2.5 million kilograms a week. The price has risen from $13.00 for a 12.5 - kilogram box a year ago to $60 now. Source: USA Today, March 3, 2010 Draw the demand curve for tomatoes and the supply curve for tomatoes in January 2009 if the equilibrium quantity of tomatoes is 200,000 boxes a week and the equilibrium price is $13 a box. Label the curves. Draw a point to show the equilibrium quantity and equilibrium price. Label it 1. Show how the events in the news clip influence the market for tomatoes in January 2010 and decrease the quantity of tomatoes to 50,000 boxes and raise the price to $ 60 a box. Draw either a new demand curve or a new supply curve and label it. Draw a point to show the new equilibrium quantity and equilibrium price. Label it 2. Price (dollars per box) Draw only the objects specified in the question.
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