Part I The headline about Russian wheat suggests the market is broken. Illustrate the supply and demand for Russian wheat indicating the price in relation to equilibrium. Explain why the market is "broken," and what needs to occur to fix the market. Russian wheat trade falls silent as price floor leaves market 'broken' HIGHLIGHTS Russian wheat not offered below $275/mt since late March Government believed to have intervened to support prices, farmers Traders assess pricing power of Russian state in global market Part II Derive the demand and supply functions using the numbers in the table and calculate equilibrium price and quantity. Graph supply and demand and indicate equilibrium price and quantity. The government wants to help sugar consumers by setting the price at $2.50. Explain the outcome (in terms of Q and D) and your advice in this situation. Illustrate the effect on the same graph and be sure to indicate price and quantities. Price/bag Quantity demanded (bags of sugar) Quantity supplied (bags of sugar) $2 500 100 $3 450 300 $ 4 400 500 $5 350 700 $6 300 900

Explain the housing marketing in reference to the shifts in Demand, Supply, Equilibrium, Price Ceilings and Price Floors and Efficiency to explain why these prices have changed.

Supply and D Jayden Tu Problems Start Assignment Due Apr 13 by 11:59pm Points 10 Submitting a text entry box, a media recording, or a file upload Supply and Demand Problems Follow the directions to create graphs and explanations. 1. Looking at the market for Sacramento Kings Coffee Mugs: Draw supply and demand curves that follow the laws of supply and demand. Label the curves S and D, and label the equilibrium E. Also label the equilibrium quantity and equilibrium price. Suppose the abel the e Kings win the NBA championship, which is a big surprise, show what would happen on your graph (& labels) and explain it in words. demand will go up Supply will go up if they win everybody stuff. 'D' D Q Q' Quantity 2. Looking at the market for Wheaties cereal: Draw supply and demand curves that follow the laws of supply and demand. Label the curves S and D, and label the equilibrium E. Also label the equilibrium quantity and equilibrium price. cast ques up demand i Suppose the cost of wheat goes…

Exhibit 3-8 Demand and supply data for Video games Price $75 70 Quantity Demanded of Video games Quantity Supplied of Video games 400 900 450 850 65 500 800 60 550 750 55 600 700 50 650 650 45 700 600 40 750 550 26. Exhibit 3-8 presents supply and demand data for the video game market. If the price of video games was currently $70, there would be an of video games in this market. a. excess demand; 450 b. excess demand; 500 C. excess supply; 400 d. excess supply; 850 e. excess demand; 400