Suppose that the demand and supply of liter of petrol are given in table 1 below: Price (RM) Quantity demanded (liter per day) Quantity supplied (liter per day) 0.80 8 24 0.75 10 22 0.70 12 20 0.65 14 18 0.60 16 16 0.55 18 14 Table 1   What is the equilibrium price and quantity of petrol, use a graph paper to draw a demand curve and supply curve based on the  table

no handwritten notes

Assume that the equilibrium price is at $3 and equilibrium quantity is at 40 units of a product. Then, imagine that suddenly any of determinants of demand, other than the price of the product, caused demand to increase while, at the same time, one of determinants of supply, other than the price of the product, caused supply to decrease.   TASK:   First, draw the demand and supply graph to show the original equilibrium price at $3 and equilibrium quantity at 40 units. Second pick ONE specific DETERMINANT of DEMAND and ONE specific DETERMINANT of SUPPLY Third, show in the graph what it looked like if demand increased and supply decreased (select where you think that the new price and quantity would change to), what the new equilibrium price and equilibrium quantity would be, after both changes in demand and supply occurred. Fourth, in a couple of words, write down what would be YOUR new equilibrium price and equilibrium quantity. [That is, tell us that the original equilibrium price…

Whats the market equilibrium price and the graph?

I am stuck on this problem, I don't know where to start.  Could you give a step by step on how to figure this problem out. Thank you. There is an increase in demand of 100 units at each price and a decrease in supply of 100 units at each price.  In the graph below, draw the new demand and supply lines. Instructions:  Use the graphing tools, 'D2', 'S2', to plot the new demand and supply lines on the figure and then use the grid lines to determine the new equilibrium price and quantity.

The following table shows the annual demand and supply in the market for shoes in Miami. Price (Dollars per pair of shoes) 20 40 60 80 PRICE (Dollars per pair of shoes) 120 100 20 On the following graph, plot the demand for shoes using the blue point (circle symbol). Next, plot the supply of shoes using the orange point (square symbol). Finally, use the black point (plus symbol) to indicate the equilibrium price and quantity in the market for shoes. Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically. 0 100 0 Quantity Demanded (Pairs of shoes) 1,100 900 800 200 600 500 400 600 800 QUANTITY (Pairs of shoes) Quantity Supplied (Pairs of shoes) 200 400 500 900 1000 1,200 1200 O Demand Supply Equilibrium

Suppose both the demand for olives and the supply of olives decline by equal amounts over some time period. Use graphical analysis to show the effect on equilibrium price and quantity. Instructions: On the graph below, use your mouse to click and drag the supply and demand curves as necessary. D1 Quantity of olives Price of olives

TTT 1. The table below displays information pertaining to the market for milk: TABLE 1 Cartons Per Day Price (dollars per carton) Quantity Demanded Quantity Supplied 1.00 200 110 1.25 175 130 1.50 150 150 1.75 125 170 2.00 100 190 In this space, please illustrate the market for milk, with both the supply curve and demand curve graphed on the same graph, making sure you label each component and put the correct variables on the x- and y-axis. The equilibrium price for milk is $ and the equilibrium quantity of milk produced and sold in the market is a. cartons. b. If the market price of milk suddenly rises to $1.75, the milk market will suddenly be faced with a or excess which means the quantity is greater than the quantity Numerically, the excess equals cartons of milk. с. Now assume better feeds increase milk production. When this happens within the above milk market, the curve will shift to the which will the price of milk and the quantity of milk produced and sold.

Please provide an explanation so I can do it my own. Thanks!

Supply and Demand Problem Set[1]     Use the following graph to answer questions 1 through 3:     Plot the following Price and Quantity combinations: (4, 8), (1, 2), (5, 10)   Is your graph more likely to be a demand curve or a supply curve? Why?   Using the equation of a line, and P for price and Q for quantity, what is the algebraic formula of this curve?   Use the following graph to answer questions 4 and 5:   Plot the following Price and Quantity combinations. Note that the points are given in the format (Quantity, Price).(0, 50), (2, 40), (4, 30), (6, 20), (8, 10)   Using the equation of a line, what is the algebraic formula of this demand curve?     Use the following information to answer questions 6 through 10: Suppose the equation of the line changes to . Compute the quantity demanded at each indicated price. Price: $50, Quantity: Price: $40, Quantity: Price: $30, Quantity: Price: $20, Quantity: Price: $10, Quantity: Use the following graph to answer questions 11…