The supply function for oil is given (in dollars) by S(q), and the demand function is given (in dollars) by D(q). S(q)=q²+10q, D(q)=1152-18q-q² a. Graph the supply and demand curves. Choose the correct graph. S(q) is the solid line, and D(q) is the dashed line. ○ A. 1000- ○ B. Q Q 1000- 1000- b. Find the point at which supply and demand are in equilibrium. The equilibrium point is (18,504). (Type an ordered pair.) c. Find the consumers' surplus. The consumers' surplus is $☐ (Type an integer or decimal rounded to the nearest hundredth as needed.) ○ D. 1000-

Use the following generalized linear demand relation to answer the question: Qd = 100 - 5P + 0.004M - 5PR where P is the price of the good X, M is income and PR is the price of a related good, R. Using the above generalized linear demand relation, if M = 40,000 and PR = 20 and the supply function is Qs = 85 + 10P, what is market price and output?  Thank you for helping me :D

Suppose the supply function for product X is given by QXS = − 30 + 2Px − 4Pz.   Instruction: Enter all values as integers, or if needed, a decimal rounded to one decimal place.a. How much of product X is produced when Px = $600 and Pz = $60?b. How much of product X is produced when Px = $80 and Pz = $60?c. Suppose Pz = $60. Determine the supply function and inverse supply function for good X. Graph the inverse supply function. Supply function: Inverse supply function: Graph the inverse supply function from QX = 0 to QX = 200

Only one thing can cause movement along a product’s demand curve --- that is, cause a change in quantity demanded for that product --- and that’s a change in that product’s price. On the other hand, there are five key variables that can cause a product’s demand curve to shift to the left or right --- that is, lead to a change in demand. Coca-Cola is experiencing shifts in the U.S. demand curve for its famous cola soft drink, as the huge post-World War II “Baby Boom” generation has aged beyond their prime soft drink consumption years, and as the smaller generations behind the Baby Boomers have been buying relatively more energy drinks, water, juice, and tea, and relatively less soda than previous generations. What two key variables are affecting demand for Coca-Cola in the U.S., and in which direction are these variables shifting the demand curve for Coke?

Price increases while sales decrease for Firm J.  Provide the following information:  1) whether it was the demand line or supply line that shifted in the demand and supply diagram, 2) whether that line shifted left or right, and 3) and a story about Firm J that explains why that curve shifted the way it did.

Let Qd = 30 - 6 P and Qs = 9 P be the demand and supply curves for soft drinks. Then the equilibrium combination in the market is: a. P* = 2; Q* = 18 b. P* = 2; Q* = 15 c. P* = 18; Q* = 2 d. P* = 10; Q* = 90

The following are fictitious headlines about the pecan market. In each case decide if the information will cause a change in the current market supply for U.S. Pecans sold worldwide. If so, decide if it is an increase (right shift) or a decrease (left shift) and write that next to the question. Then write the determinant of supply and a short explanation. Then draw a graph to show the shift. When you are done submit the assignment to the unit 2: supply dropbox. 5. U.S. farmers start cutting down their pecan groves to make more land available to plant more profitable crops. 6. The price of pecan shelling machines rises dramatically. 7. Price of pecans falls as more consumers begin craving hazelnuts 8. Scientists successfully produce genetically modified pecan trees that can produce twice as many pecans per tree. 9. Engineers develop machines that shake nuts from the trees at harvest and sweep them off the ground. 10. The U.S. government provides subsidies to pecan producers because…

Other things held constant, what happens to the supply curve for coffee sold at coffee shops if there is (a) an increase in wages paid to coffee shop employees, (b) an increase in the price of coffee, and (c) an increase in the number of coffee shops? [these are three different independent scenarios.]

Which is the correct formula for calculating the percent change in price from a shift in demand? %AD ED + Es %AP = %AP= %ΔΡ - %ΔΡ - %AD Es + ED (%AS) Ep + Es %AD Ep + Es

Given a demand curve of P = 165 - 6Qd and supply of P = 65 + 5Qs, find the equilibrium price (Pe), AFTER lower input costs have shifted supply by 4 dollars.