Rent (dollars per week) S 2,125 2,050 1,900 1,700 0 3 4 5 6 Quantity (thousands of holiday chalets) The graph shows the market for ski chalets in Wentworth, Nova Scotia. If a rent ceiling is set at $1,900 a week, then the maximum amount charged in the black market is a week. A) $150 OB) $2,050 Rent ceiling D OC) $225 OD) $1,900

Use the black point (plus symbol) to indicate the equilibrium price and quantity of VR headsets. Then use the green point (triangle symbol) to fill the area representing consumer surplus, and use the purple point (diamond symbol) to fill the area representing producer surplus. (?) PRICE (Dollars per headset) 350 315 280 245 210 175 140 105 70 35 0 0 Demand Supply 85 170 255 340 425 510 595 680 765 850 QUANTITY (Millions of headsets) Total surplus in this market is $ million. + Equilibrium Δ Consumer Surplus Producer Surplus

A5Some online retailers include free shipping while others charge for shipping. In July 2006, bajangles.com offered a Sony 60-inch rear projection TV for $2,968.99 with free shipping, while MB superstore offered the same TV for $2,692.95 with shipping charge of $299.50 to Alaska.   (a) Using relevant demand and supply curves, explain whether it matters for consumers if the retailer offers free shipping or charges for shippin   (b) If consumers view bajangles.com and MB superstore as equivalent (in terms of quality of service), how should their prices for the same TV compare? Are the prices consistent with your answer in (a   (c) If consumers are biased in decision-making by anchoring, how would that affect your answer in (a)?)?g.

Discuss the spot market and its spread