The following data reveal how much each consumer is willing to pay for an Alaskan cruise: Amy $900 Ed $2,000 Bob $1,100 Gigi $1,300        Carol $1,500 Hugo $1,800 Eduardo $400 Isabelle $1,500 Draw the market demand for these eight consumers on the accompanying graph

ppart D E 3)Brandon and his family often rent movies from the new internet movie streaming service, Xanadu. The table below shows Brandon’s demand schedule for eight movie rentals that Brandon’s family is interested in watching.   Number of Internet movie rentals Willingness to pay each rental 1st $7 2nd $6 3rd $5 4th $4 5th $3 6th $2 7th $1 8th $0     a) If the price of each movie rental from Xanadu is $3, how many movie rentals will Brandon buy, and how much consumer surplus does Brandon receive? Explain your answer, and show your work. (Enter your response here.)   b) If the price of each movie rental from Xanadu is $5, how many movie rentals will Brandon buy, and how much consumer surplus does Brandon receive? Explain your answer, and show your work.   (Enter your response here.)   c) If the Xanadu online service offers as many movie rentals as the customer wants to download, all for a one-time fee of $25.00, how many…

The table below describes the demand for bathing suits on a warm, summer day in the resort town of Wisconsin Dells. Demand for Bathing Suits Quantity of Bathing Suits Price (dollars) 345 4.8 YOUR OSALDATE 35 CH 38 25 20 35 Price (dollars) 8. Greph the demand curve for bathing suits. Instructions: Use the tool provided "Demand" to plot the line point by point (7 points total) on the graph below Demand for Bathing Suits 0 50 45 40 35 15 10 15 10 40 50 60 70 80 90 100 110 120 130 140 Demanded 68 Price (dollars) 145 48 35 80 90 100 20 Demand for Bathing Suits 25 b. Due to an influx of tourists the quantity of bathing suits demanded increases by 15 bathing suits at every price. Complete the column in the table below 15 Quantity Tools Quantity of Bathing Sudts Demanded Dernand New demand c. Graph the new demand curve for bathing suits. Instructions: Use the tool provided 'New demand to plot the line point by point (7 points total) on the graph above.

what are the determinants of demand for a product

Refer to the graph shown. When price rises from $10 to $30: 60 50 40 30 20 10 A 0000 B A1 с D E A2 F A3 ( 0 5 10 15 20 25 30 35 40 45 50 55 60 Quantity lost revenue is represented by areas B and C and gained revenue is represented by area F. gained revenue is represented by areas B and C and lost revenue is represented by area F. Olost revenue is represented by areas B, C, and D and gained revenue is represented by area A. O gained revenue is represented by areas B, C, and D and lost revenue is represented by area A.

There are three consumers in the market for potato chips; Don, Peggy, and Pete. The following table displays each consumers' demand schedule for potato chips. For each blank space, type in the correct answer (write your answer as a number). Price per bag ($) .25 .50 .75 1.00 1.25 1.50 Don's demand 7 6 5 4 3 2 Peggy's demand 10 8 6 4 2 0 Pete's demand 6 5 4 3 2 1 a) At a price of $0.75 per bag, the quantity demanded by the market is [Select] units of potato chips. b) Suppose that the price of potato chips is initially $0.75 and increases to $1.25. There is [Select] by the market that is equal to [Select] units of potato chips. c) Suppose that Pete decides to go on a diet and will no longer purchases potato chips at any price. In addition, after Pete has left the market, suppose that we observe that the quantity of potato chips demanded by the market is equal to 14 units. We can therefore infer that the market price is [Select]

You have just opened a new grocery store. Every item you carry is generic (generic beer, genericbread, generic chicken, etc.). You recently read an article in the Wall Street Journal reporting thatthe price of recreation is expected to increase by 15 percent and cross price elasticity is 0.15. will this affect your store’s salesof generic food products?

I need answers, especially number 4.

The following graph shows Raphael's weekly demand for apple pie, represented by the blue line. Point A represents a point along his weekly demand curve. The market price of apple pie is $3.00 per slice, as shown by the horizontal black line. Raphael's Weekly Demand 7.50 6.75 6.00 5.25 Demand 4.50 3.75 Price 3.00 2.25 1.50 0.75 4 10 12 14 16 18 20 QUANTITY (Slices of apple pie) From the previous graph, you can tell that Raphael is willing to pay s for his 8th slice of apple pie each week. Because he has to pay only $3.00 per slice, the consumer surplus he gains from the 8th slice of apple pie is S Suppose the price of apple pie were to fall to $2.25 per slice. At this lower price, Raphael would receive a consumer surplus of 5 from the 8th slice of apple pie he buys. The following graph shows the weekly market demand for apple pie in a small economy. Use the purple point (diamond symbol) to shade the area representing consumer surplus when the price (P) of apple pie is $3.00 per slice.…

You have data on Timon's quantity demanded for Bud Light beer and theirincome. According to this data when Timon's income rises by 6% theassociated change in their quantity demanded for Bud Light is 14%. Youdon't know if it is an increase or decrease in quantity demanded. Frompast research you know that Bud Light is an inferior good for Timon. Usethis information to calculate Timon's income elasticity of demand.