Use Paolo's supply schedule and Kenji's demand schedule to find the quantity supplied and quantity demanded at prices of $2, $4, and $6. Enter these values in the following table. Price Quantity Supplied Quantity Demanded 2 4 6 A price of brings supply and demand into equilibrium. At the equilibrium price, consumer surplus is S producer surplus is $ and total surplus is s If Paolo produced and Kenji consumed one less bottle of water, total surplus would If instead, Paolo produced and Kenji consumed one additional bottle of water, total surplus would

2. 3-5: Attaining Market Equilibrium *3* The Wall Street Journal of March 20, 2020, reported on the "large surplus of oil" as there is not enough storage capacity to hold the refined oil. Assuming the price of oil is set by competitive market forces, which of the following sequence of events accurately describes how the surplus of oil would be eliminated? As price decreases, the: Quantity demanded decreases, quantity supplied increases, and a new equilibrium will be reached. O Quantity demanded increases, quantity supplied increases, and a new equilibrium will be reached. O Demand decreases, supply increases, and a new equilibrium will be reached. O Demand increases, supply decreases, and a new equilibrium will be reached. O Quantity demanded increases, quantity supplied decreases, and a new equilibrium will be reached.

Marcus buys a tablet for $5,000. What determines the size of consumer surplus Marcus receives? Explain.

Please answer correct the answer explain calculation   Don't answer by Pen paper please

' surplus For each of the scenarios, calculate the surplus and indicate if it is a producer surplus or a consumer Alice is willing to spend $30 on a pair of jeans, and has a coupon for $10 off which she found online. She selects and purchases a $35 pair of jeans which cost $35 pre-discount Alice has a Alice's surplus: $ producer surplus. surplus consumer Nicole has a hockey puck from the 2010 Winter Olympic Games and puts it up for sale on eBay. She will only sell the puck if the winning bid is greater than or equal to $500. After bidding closes, the last bid stands at $50o Nicole has a Nicole's surplus: $ producer surplus. consumer surplus

The market for soccer balls is composed by 4 firms. Consider the following information on the quatity supplied at different prices: When the price for a ball is $25, the supply of firm 1 is 5, the supply of firm 2 is 2, the supply of firm 3 is 3, and the supply of firm 4 is 0. When the price for a ball is $50, the supply of firm 1 is 7, the supply of firm 2 is 5, the supply of firm 3 is 5, and the supply of firm 4 is 3. When the price for a ball is $75, the supply of firm 1 is 9, the supply of firm 2 is 8, the supply of firm 3 is 7, and the supply of firm 4 is 6. When the price for a ball is $100, the supply of firm 1 is 11, the supply of firm 2 is 11, the supply of firm 3 is 10, and the supply of firm 4 is 9. When the price is $50, the market supply of soccer balls is:   a. 20   b. 10   c. 30   d. 41

Must consumers' surplus equal producers' surplus at equilibrium price? please explain

What is consumer surplus? How is it illustrated on a demand and supply diagram? please draw

Suppose a tax is levied in the market for soda. Consider a $0.50 excise tax on producers for each soda sold. The graph illustrates the demand and supply curves for soda both before and after the tax is levied. Use the graph below to answer the remaining parts of this question. SEE GRAPH d. What is the consumer surplus generated after the imposition of the tax? Shade in this area on the graph.     Instructions: Use the tool provided “CStax” to illustrate this area on the graph.     Consumer surplus after the imposition of the tax is $ _____ thousand. e. What is the producer surplus generated after the imposition of the tax? Shade in this area on the graph.     Instructions: Use the tool provided “PStax” to illustrate this area on the graph.     Producer surplus after the imposition of the tax is $ _____ thousand. f. What is the total revenue generated from the tax? Shade in this area on the graph.     Instructions: Use the tool provided “TR” to illustrate this area on the graph.     Tax…

The following diagram shows supply and demand in the market for smartphones. Use the black point (plus symbol) to indicate the equilibrium price and quantity of smartphones. Then use the green point (triangle symbol) to fill the area representing consumer surplus, and use the purple point (diamond symbol) to fill the area representing producer surplus. PRICE (Dollars per phone) 300 270 240 210 180 150 60 30 0 0 Demand Supply 20 80 100 120 140 160 180 200 40 60 QUANTITY (Millions of phones) Total surplus in this market is $ million. Equilibrium Consumer Surplus Producer Surplus ?