Refer to the graph shown. The shift in the supply curve from $1 to $2 could not be the result of: S1, S2 Price per dollar 日 2 国 E3 Q1Q2 Q3 Q4 Quantity of dollars D1

Critically evaluate: “In comparing the two equilibrium positions in Figure, I note that a smaller amount is actually demanded at a lower price. This refutes the law of demand.”

67) Jane has noticed that she used topay $2.75 for a hamburger and now she pays $3.0. Which of the following statements is TRUE? A) Jane will stop consuming hamburgers. B) The law of supply explains why the price of hamburgers has increased. C) The money price of hamburgers has increased. D) The relative price of hamburgers has increased compared to hotdogs. 86) Market supply is obtained by A) summing the amount demanded by individual consumers at various prices. B) the law of supply. C) observing how the supply curve shifts. D) summing the amount supplied by individual producers at various prices. 65) An increase in supply will occur when  A) the demand curve shifts upward to the right. B) the supply curve shifts downward to the right. C) the demand curve shifts downward to the left. D) the supply curve shifts upward to the left.

A publisher has established the supply equation of one of their textbooks to be p =q² and is show in blue on the graph. They also found the demand equation to be p = -9² +20 and is shown in red. Where p is in tens of dollars and q is the quantity in hundreds of textbooks. 20 Find the equilibrium price. $ p Find the equilibrium quantity. 16- Find the amount demanded when the price is $1800. 12- Find the amount supplied when the price is $20. Quantity 12