The demand for pocket calculators is given by the function: P = 6 - 0.5Qd; and the supply is given by the function: 6 = Qs - P; where = Qd = quantity demanded, Qs= quantity supplied and P = price. Calculate the demand and supply for calculators if the market price is $15 per barrel. What problem exists in the economy? What would you expect to happen to price?

At a price of $4.69 per pound, the supply for cherries is 16,210 pounds, and the demand is 10,280 pounds. When the price drops to $4.22 per pound, the supply decreases to 10,940 pounds and the demand increases to 12,746 pounds. Assume that the price-supply and price-demand equations are linear. What is the equilibrium quantity? Round to the nearest pound. pounds.

ASsigi onses/ dəppz=so Z CI8/69tzuojisənb4Əsoine=s cn91 The table shows both the number of a certain type of graphing calculator in demand and the number supplied at certain prices. Demand and Supply Schedules for a Graphing Calculator (Producers will supply no calculators when the market price is less than $47.50.) Price (dollars per calculator) Demand (million calculators) Supply (million calculators) 60 35 10 90 31 32 120 15 50 150 5 80 180 4 100 210 3 120 (a) Find the function for the logistic model for demand in million calculators, where p is the price per calculator in dollars, with data from 60 < p < 210. (Round all numerical values to three decimal places. Use the correct input variable, p. Paste the unrounded equation into your Y1.) D(p) = million calculators Find the function for linear model for supply in million calculators, where p is the price per calculator in dollars, with data from 60 s p S 210. (Round all numerical values to three decimal places. Use the correct…

For a particular commodity, the demand function is q=100−5p. a. Find ε when p=5. ε=

Consider two markets: the market for motorcycles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is $4.50, and the equilibrium quantity is 29.0. When the price is $7.75, the quantity supplied of motorcycles is 65.0 and the quantity supplied of pancakes is 103.0. For simplicity of analysis, the demand for both goods is the same. Using the midpoint formula, calculate the elasticity of supply for pancakes. Please round to two decimal places.

If the expected future price of droids increases, then: the current supply of droids will decrease. the current supply of droids will increase. the current quantity of droids supplied will decrease. the current quantity of droids supplied will increase.

Q.2. Suppose the demand of a particular product is represented by the following linear demand function Demand for Product Y = 200- 4P Calculate the quantity demand at the market prices $10, $20, $30, $40, and $50. Construct a demand schedule in a table and plot the demand curve for this demand function.

Given the following information,when price is 100ksh the quantity supplied is 45units and when the price increases to 250ksh the quantity supplied is 60 units.Derive the function that depicts the law of supply

Consider two markets: the market for waffles and the market for pancakes. The initial equilibrium for both markets is the same, the equilibrium price is $6.50, and the equilibrium quantity is 35.0. When the price is $9.75, the quantity supplied of waffles is 57.0 and the quantity supplied of pancakes is 101.0. For simplicity of analysis, the demand for both goods is the same. Using the midpoint formula, calculate the elasticity of supply for pancakes. Please round to two decimal places. Supply in the market for waffles is

Suppose you are given the following supply and demand equations for your company's product, executive fountain pens: Qd = 12,000 - 2P + 3Py - 5Pn - 2Pk + 4M + 3A Qs = 8,000 + 4,000P - 7Pm - 3Pw where:   Qd = quantity demanded of fountain pens Qs = quantity supplied of fountain pens P = price per unit of fountain pens Py = price per unit of pencils Pn = price per unit of notebooks Pk = price per bottle of ink M = consumer income A = number of units of advertising purchased by the company Pm = cost of purchasing materials (inputs) for fountain pens Pw = cost of hiring a worker (wage rate) a) given the signs of the coefficients in the demand equation, how does the demand for fountain pens react to each variable (i.e., substitutes, complements, normal good, inferior good)?   b) given the signs of the coefficients in the supply equation, how does the supply for fountain pens react to each variable?   c) suppose you are given the following data:   Py = $10 Pn = $15 Pk = $8 M = $20,000 A =…