Suppose the demand curve for CoC t-shirts is given by the first and second Table 2-2 and the supply curve for COC t-shirts is given by the first and third columns.: Table 2-2 Demand & Supply Schedules for COC t-shirts Price ($) Quantity Demanded per Year Quantity Supplied per Year 10 2000 200 20 160 400 30 1200 600 40 800 800 50 400 1000 60 1200

Question 3 Starting from an equilibrium point, explain the impact of an increase in the incomes of people in Qatar on the equilibrium price and equilibrium quantity of used cars (inferior good). Explain and illustrate your answer using the demand and supply model.

Note: this is an economics question. *Was the shortage of hand sanitizer, masks and disinfectant products during the covid-19 pandemic due to supply or demand? *Explain.

12. Market equilibrium and disequilibrium The following graph shows the monthly demand and supply curves in the market for calendars. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. Graph Input Tool 100 Market for Calendars 90 Price (Dollars per calendar 30 Supply Quantity Demanded (Calendars) Quantity Supplied Calendars) 500 80 50 40 Demand 100 150 200 250 300 350 400 450 800 OIANTITY Calendars 803 PM arch. PRICE (Dollars per calendar)

Given the graph below, what is the equilibrium quantity and price in the market? evious Price ($) $2.10 $2.00 $1.90 $1.80 $1.70 $1.60 $1.50 $1.40 $1.30 $1.20 S

PRICE (Dollars per gallon) Price (Dollars per gallon) 10 12 11 a 10 0 8 D 6 a 4 2 Use the data in the preceding table to plot the demand and supply curves for milk on the following graph. Use the blue points (circle symbol) to plot the demand curve. Then use the orange points (square symbol) to plot the supply curve. Line segments will automatically connect the points. ? 100 The equilibrium market price is $ The new quantity supplied is Quantity Demanded (Millions of gallons) 100 of 200 300 400 200 300 400 QUANTITY (Millions of gallons) 500 The new quantity supplied is of Quantity Supplied (Millions of gallons) 500 500 400 600 Suppose the government enacts a milk price support of $7.00 per gallon. 300 200 100 -O Demand Use the green line (triangle symbol) to plot the new price line on the preceding graph. ***]* Supply Government Price 1 Government Price 2 and the equilibrium quantity is Suppose now that the government decides to set a price ceiling of $4.00 per gallon. Use the purple…

Price (dollars per pound) 6. 1o Quantity (millions of pounds per day) 14 The graph illustrates the market for British pounds, the currency of the United Kingdom. As the number of buyers of pounds decreases and the number of sellers of pounds increases, the equilibrium price of a pound A) will remain the same. B) will fall. C) will rie. D) might rise, fall, or remain the same but more information is needed. will rise if the magnitude of the effect on the buyers is larger than the E) magnitude of the effect on the sellers.

Solve for the equilibrium price P

Only typed answer

The annual demand for imported oranges is given by the following equation:QD = 600,000 − 30,000Pwhere P is the price per kilogram and QD is quantity of kilograms demanded per year.The supply of imported oranges is given by the equation:QS = 20,000P Calculate the following: ii. the amount of revenues collected