The following table shows the annual demand and supply in the market for ice cream in Houston. Price Quantity Demanded Quantity Supplied (Dollars per gallon of ice cream) (Gallons of ice cream) (Gallons of ice cream) 4 2,000 200 8 1,600 600 12 1,200 800 16 800

There has been explosive growth in the demand for the green leafy vegetable kale in recent years as consumers learned of its health benefits. The demand curve has shifted significantly rightward.​ However, the price of a bunch of kale in the grocery store has been fairly stable. Draw a supply and demand diagram showing the market for​ kale, and show how the price of kale could remain stable in the face of such an enormous growth in demand. ​1.) please plot the new supply and demand curves on a diagram and label the lines properly.   ​2.) please also indicate the new equilibrium point at the same price as the original equilibrium and label it.

Consider the market for pens. Suppose that the number of students with an allergy to pencil erasers Increases, causing more students to switch from pencils to pens In school. Moreover, the price of plastic, an important input in pen production, has dropped considerably. On the following graph, labeled Scenario 1, indicate the effect these two events have on the demand for and supply of pens. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. Scenarlo 1 10 Supply Demand Supply Demand 01 0 1 2 3 6 7. 9 10 4 QUANTITY (Millions of pens) Next, complete the following graph, labeled Scenario 2, by shifting the supply and demand curves in the same way that you did on the Scenario 1 graph. PRICE (Dollars per pen)

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

QUESTION 7 To mark national burger day there is a nationwide 50% sale on burgers during May. A recent survey, of those who bought burgers at supermarkets and food trucks, found that 99% of people will only eat burgers in a bun. Which of the following statements are true: The decrease in the price of burgers during May will cause a decrease in the quantity demanded of burgers. The decrease in the price of burgers in May will cause an increase in both demand and quantity demanded for buns. The decrease in the price of burgers in May will only result in an increase in the quantity demanded for buns. Economic theory is unable to predict if there would be any shift in demand for buns with the discount on burgers in May.

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…

Consider the following graph of a supply curve: Price P=Y Axis Quantity Q= X Axis Units of Y 2 C. D 3 6 B 9 Units of X 12 Write the linear equation and compute the slope and the intercept b. Write the equation for the 45 degree line starting at zero. Is this line above or below the supply curve? What would be the price for a supplied amount of 14?

8. Shifts in supply or demand I The following graph plots the market for electric guitars in Chicago, where there are always over 1,000 music stores. Suppose the price of acoustic guitars decreases. (Assume that people regard electric guitars and acoustic guitars as substitutes.) Show the effect of this change on the market for electric guitars by shifting one or both of the curves on the following graph, holding all else constant. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. PRICE (Dollars per guitar) QUANTITY (Guitars) Supply Demand Demand Supply ? Now suppose Congress passes a new tax that decreases the income of Chicago reside If electric guitars are a normal good, this will cause the demand for electric guitars to decrease increase

The demand and supply curves for a product are given by: Qd = 600 - 2P Qs = 300 + 4P Find the equilibrium price and the equilibrium quantity. Carefully draw a graph to illustrate your answer. Make sure to write out the intercepts. Show the equilibrium price and the equilibrium quantity on your graph.

The following graph presents the market for motorcycles in 2015. Between 2015 and 2016, the equilibrium quantity of motorcycles remained constant, but the equilibrium price of motorcycles decreased. Given this information, you can conclude that between 2015 and 2016, the supply of motorcycles and the demand for motorcycles Make changes to the graph to illustrate your answer by showing the positions of the supply and demand curves in 2016. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther." lars per motorcycle) Supply Demand Supply ?