Suppose the demand and supply curves for rice in Japan are given by the following equations: A31 where Q₁ millions of tons of rice the Japanese would like to buy each year; Q,= millions of tons of rice Japanese farmers would like to sell each year; and P=price per ton of rice (in hundreds of $). a. Fill in the following table: bords] 1.E Price (Per Ton) $ .50 $ 1.00 Qa=120-30P Qs = 40 + 10P $1.50 $ 2.00 $2.50 Quantity Demanded (Qa) OUT Quantity Supplied (Q)

I also want to know what happens to the change in the supply and/or demand curves, market equilibrium price, and market equilibrium quantity traded, that would occur in the market for Brazil grown rice in response to the following news :if d. The price of wheat increases. e. The price of fertilizer used in farming increases.

For which of the following industries is the supply-and-demand model likely to be most accurate? The supply-and-demand model will most closely mirror reality for O A. government services. O B. financial products. OC. public utilities. O D. high end smart phones. O E. vehicle production. Click to select your answer. JUL 11

1. If there is an increase in demand with no change in supply will that result in an immediate shortage or surplus? Who will then be forced to compete? What will eventually happen to the price of that product? Will greater or fewer quantities be bought and sold?   2. If there is a decrease in demand with no change in supply will that result in an immediate shortage or surplus? Who will then be forced to compete? What will eventually happen to the price of that product? Will greater or fewer quantities be bought and sold?   3. If there is an increase in supply with no change in demand will that result in an immediate shortage or surplus? Who will then be forced to compete? What will eventually happen to the price of that product? Will greater or fewer quantities be bought and sold?   4. If there is a decrease in supply with no change in demand will that result in an immediate shortage or surplus? Who will then be forced to compete? What will eventually happen to the price of that…