The graph on the right shows the market for squash. Show a price at which there is a shortage in the market. 10- 1.) Using the point drawing tool, indicate a price on the supply curve consistent with a shortage and label it Qs 2) Using the point drawing tool, indicate the point on the demand curve that corresponds with the same price and label it Q, Carefully follow the instrucbions above, and only draw the required objects. 10 Quantity of squash usenbs jo aoud

Question Help Text Problem 19-16 An increase in the market price of men's haircuts, from $16 per haircut to $26 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 25 to 30. When the $26 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 45 haircuts per day. What is the short-run price elasticity of supply? (Your answer should have two decimal places.)

If Charmin discovered a new, cheaper, production method for toilet paper would this, ceteris paribus, be reflected as a change in demand or a change in supply in the market for Charmin toilet paper - a normal good?  Explain. Be sure to clearly identify a textbook variable or determinant that is causing this change.  Would this change be an increase or decrease?  Explain.  Would this change result in a surplus or in a shortage in the market for Charmin toilet paper?  Explain.  Given this surplus or shortage, how will a new equilibrium be established?  What do you predict will happen to the equilibrium price and the equilibrium quantity exchanged in the market for Charmin toilet paper?  Explain.

What are the potential effects in the market for automobiles if the cost of steel and rubber used in the production of automobiles increases. a) draw a supply/demand graph of the automobile market. b) indicate starting equilibrium price and equilibrium quantity. c) analyze graphically the effect of the change given above on equilibrium price and equilibrium quantity in the automobile market.