Refer to the figure. The above diagrams represent the demand for Pepsi. Which graph could be used to show that the price of Coca-Cola decreased? graph a graph b graph c both a and c

(a) Suppose that tacos and pizza are substitutes, and that soda and pizza are complements. What effect will the increase in the price of pizza have on the market for tacos and market for sodas? Briefly explain your graphical analysis for each graph. (two separate graphs for sodas and tacos markets)

TOPIC: Supply and demandIn the market for widgets, the supply and demand curve are “normal” 45° lines. The equilibrium price is £5 and the equilibrium quantity is 10 widgets. Show in a new graph how your answers would change if the supply curve was infinitely inelastic.

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In what direction will shift the demand curve for sun-protect cream in the winter season? Draw the graph.

Oatmeal is an inferior good and cold cereal is a substitute for oatmeal. The cross‐price elasticity of Raisin with respect to oatmeal is negative.   Using a well‐labeled graph show the effect on the oatmeal market for each of the following. (Please also provide a brief explanation of the relationship (e.g., positive/negative) and the reasons/logic for the relationship.   a. An increase in the price of raisins. b. An increase in income. c. A decrease in population size. d. An increase in the price of cold cereal

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.

Quantity Demanded 45,000 37,000 Price of Strawberries (p) 5 10 20 26,000 30 20,000 40 15,000 50 10,000 1. Using the table above plot the information and draw the demand curve for strawberries 2. Use the graph to estimate the demand for strawberries if the price was: a) 15 b) 35 c) 60 3. If the producers were interesting in selling a set amount of produce rather than looking to revenue maximise, what should they charge to sell a) 23,000 b) 40,000 4. If the producers wanted to revenue maximise how many strawberries should they produce and at what price should they sell 5. Explain why the demand curve for strawberries slopes downwards?

When creating a scatter chart for supply and demand curves the Y axis contains the price and the X axis contains the quantity. O True O False