QUESTION 5 Suppose the equilibrium price for soft drinks is $1.00. If the current price in the soft drink market is $1.25 each, O A. there will be a surplus of soft drinks. B. there will be a shortage of soft drinks. C. the supply curve of soft drinks will shift leftward. O D. the demand curve for soft drinks will shift leftward

Answer the following questions for the​ price-demand equation.   p+0.002x=50   Question content area bottom Part 1 ​(A) Express the demand x as a function of the price p.   x=   ......enter your response here Part 2 The domain of this function is.........enter your response here. ​(Type an inequality or a compound​ inequality.) Part 3 ​(B) Find the elasticity of​ demand, E(p).   ​E(p)=.......enter your response here Part 4 ​(C) What is the elasticity of demand when p=20​?   The elasticity of demand when p=20 is...... enter your response here. ​(Type an integer or a simplified​ fraction.) Part 5 If the price is increased by15%​,what is the approximate change in​ demand?   The demand ▼   increases by decreases by is approximately ......enter your response here​%.

3- Given the following demand. What is the forecast for period 6 and 18. Period demand base trend forecast (a = .70 and B=.60) 70 80 70 90 110 80 10 4 123 tS6

Now suppose that Maine lobsters can be sold in France. The French demand schedule for Maine lobsters is as follows: Quantity of lobster supplied (pounds) Price of lobster (per pound) $25 100 20 300 15 500 10 700 900 b. What is the demand schedule for Maine lobsters now that French consumers can also buy them? Draw a supply and demand diagram that illus- trates the new equilibrium price and quantity of lobsters. What will happen to the price at which fishermen can sell lobster? What will happen to the price paid by U.S. consumers? What will happen to the quantity consumed by U.S. consumers?