sed on the information on the previous graph, you nsumer surplus in this market will be $ uppose the market price of a motor scooter increas On the following graph, use the rectangles once aga purchase a motor scooter at the new market price: symbols) for Lorenzo, tan (dash symbols) for Neha, new market price, indicate this by leaving his or he 160 140 PRICE (Dollars per motor scooter) 120 100 80 60 40 20 0 0 Gilberto 1 Juanita 2 Lorenzo Neha Sam 3 4 5 QUANTITY (Motor scooters) E

I need answer typing clear urjent no chatgpt

King Hardware sold 7 pounds of screws yesterday at a price of $5.00 per pound. This point is represented by the black plus symbol on the diagram below, which plots the price of screws (measured in dollars per pound) and the quantity sold (measured in pounds). PRICE (Dollars per pound) 10 ↑ 9 8 1 0 ← 0 1 2 3 + Đ 6 7 8 9 10 4 5 SCREWS (Pounds) New Price/Quantity Each small square in the grid for this graph has one side equal to 1 pound of screws and one side equal to 1 dollar per pound. The area of one small square is therefore

A nomadic tribe in Lapland spends all its productive time hunting reindeer. Someof the reindeer meat is kept for consumption and the remainder is sold at a nearbytrading station in return for other goods. It is observed that when the price ofreindeer meat increases the amount the tribe is willing to supply decreases.(a) Sketch this situation in a diagram, with axes ‘reindeer meat’ and ‘all othergoods’. (Hint: locate the production position and sketch the consumptionopportunities line before and after the price change).(b) Determine if reindeer meat is an inferior good to the tribe?(Hint: consider what happens to the consumption position).(c) How does the analysis change if the tribe can hunt and trade fish as well as thereindeer? (Hint: now label the axes ‘reindeer meat’ and ‘fish’ and considerboth the production and consumption decisions