PRICE The following graph shows the demand curve in a real estate market. Jacob has been trying to sell his house for one month, but so far he has had no buyers. On the following graph, use the green points (triangle symbol) to draw Jacob's supply curve. Demand QUANTITY (Number of houses) Jacob's Supply ?

Ch 23  Economics

Suppose Disney+ changes its monthly subscription price from $7 to $9 per month. Graphically show the impact of this price change in the following markets:   a. Popcorn, pizza, and other movie snacks   Instructions: Drag the supply or demand curve to its new position.     b. Netflix   Instructions: Drag the supply or demand curve to its new position.

Use graph

The following graph shows the market for cereal in San Diego, where there are over 1,000 stores that sell cereal at any given moment. Suppose a new scientific study shows that San Diego is the most polluted city in the world. Due to health concerns, a significant number of families move out of the city. *graph Now suppose Congress passes a new tax that decreases the income of San Diego residents. If cereal is a normal good, this will cause the demand for cereal to increase or decrease?

Supposed the law prescribed the renter to vacate an apartment within 30 days after being served with an eviction notice. To protect renters, the government passes a new law under which the renter must vacate the apartment in 90 days. The following graph shows the market for rental properties, where the demand curve represents demand for apartments under the old eviction law. Adjust the following graph to show the effect of the new eviction law on the market for rental properties. PRICE (Apartment Rent) 140 126 112 98 84 70 56 42 28 14 0 + Based on the graph, the rental price Supply 011 22 33 44 55 68 77 88 99 110 QUANTITY (Apartments) to $ Demand Demand Supply ? and the number of available apartments For the first drop down the choices are rises/falls and for the second drop down the choices are increases/decreases.

What does the movement from point A to point C represent on the below graph: Price (dollars per unit) Quantity (millions of units per month) a) Change in quantity demanded. b) Movement up the demand curve c) Decrease in demand. d) Change in demand.

There is a market for Purses. There is a decrease in the cost of leather. Describe and graph the next scenario.

The following graph shows the demand for a good. 140 50 i i 20 Demand 10 25 35 70 QUANTITY (Units) PRICE (Dollars per unit)

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 --