Supply and Demand for a good are given by the equations below. What is the equilibrium price and quantity? P=130-3Qd P=10+Qs P=40, Q=30 P=30, Q=40 P=30, Q=20 None of these answers

Using the supply and demand functions​ below, derive the demand and supply curves if Y=​$55,000 and pc=​$9. What is the equilibrium price and quantity of​ coffee? Part 2 The demand function for coffee is   Q=8.5−p+​0.01Y,   where Q is the quantity of coffee in millions of pounds per​ year, p is the price of coffee in dollars per​ pound, and Y is the average annual household income in​ high-income countries in thousands of dollars.   The coffee supply function is   Q=9.6+0.5p−0.2pc​,   where pc is the price of cocoa in dollars per pound.

Equilibrium Scenarios On a separate piece of paper, use an appropriately labeled supply/demand graph to answer the following questions. For each question, you need to a) state the determinant of demand (TRIPE)/supply (NICEJAG) that caused the change, b) graph the change, and c) tell me what happens to equilibrium price and quantity. 1. What would be the effect of an increase in automobile worker wages on the market for automobiles? 2. What would be the effect of a decline in the price of personal computers on the market for software? 3. What would be the effect of an increase in the price of Budweiser beer on the market for Coors beer? 4. What would be the effect of a governmental subsidy on the market for AIDS research? 5. What would be the effect of a decline in the price of irrigation equipment on the market for corn? 6. What would be the effect of the government subsidizing the growers of watermelons on the market for watermelons? 7. What would be the effect on the market for Big…

Suppose that the demand curve for corn has the equation p = -0.29q+6.265 and the supply curve for corn has the equation p = 0.2q +2.1, where p is the price per bushel in dollars and q is the quantity (demanded or produced) in billions of bushels. (a) Find the quantities supplied and demanded when the price of corn is $3.40 per bushel. (b) Determine the quantity of corn that will be produced and the price at which it will sell. (a) The quantity supplied when the price of corn is $3.40 is (Round to the nearest whole number as needed.) billion bushels.

Using the supply and demand functions​ below, derive the demand and supply curves if Y=​$55,000 and pc=​$13. What is the equilibrium price and quantity of​ coffee? Part 2 The demand function for coffee is   Q=8.5−p+​0.01Y,   where Q is the quantity of coffee in millions of pounds per​ year, p is the price of coffee in dollars per​ pound, and Y is the average annual household income in​ high-income countries in thousands of dollars.   The coffee supply function is   Q=9.6+0.5p−0.2pc​,   where pc is the price of cocoa in dollars per pound. Part 3 The equilibrium price of coffee is   p=​$enter your response here per pound   and the equilibrium quantity is   Q=enter your response here millions of pounds per year.   ​(Enter your responses rounded to two decimal​ places.)

Question 33 Consider the following series of shifts in Supply and Demand. Complete the following table, indicating in each of the 9 cells whether equilibrium price and equilibrium quantity go up, down, or stay the same. (Note: To reproduce the table for this question, you may make an exception to the usual 'no cutting and pasting' requirement for this test.) No Change in Supply An Increase in Supply A Decrease in Supply No Change in Demand An Increase in Demand A Decrease in Demand

Suppose that more people have opened their own e-business because they wanted to be their own bosses, but the demand for e-products has grown even faster as the economy recovered from the pandemic. How would this affect the equilibrium price and quantity of meals sold by restaurants? (reperesnt this in graph)

Suppose that the market for milk can be represented by the following equations:   Demand: P = 12 – 0.5QD   Supply: P = 0.1QS where P is the price per gallon, and Q represents quantity of milk, represented in millions of gallons of milk consumed per day. a) Calculate the equilibrium price and quantity of milk.   b) To help dairy farmers, the government sets a minimum price of K2.50 per gallon of milk. What is the new quantity of milk sold in the marketplace?