What is the equilibrium quantity in this market? 70 units 160 units 250 units 200 units

Q: When the Price is $35, what is the Qua What is the Price when the Quantity D

A: The demand curve depicts the inverse relationship between price and quantity demanded, keeping other…

Q: What causes changes in demand and quantities demanded?

A: Demand: - Demand is the relationship between the quantity demanded and the price of a good. There is…

Q: What do you think Is the relationship between price and quantity supplied?

A: Quantity supplied refers to the amount of good to be supplied by the producer or supplier at a…

Q: What are the factors affecting the demand for processed foods?

A: Demand may be defined as the number of customers who are ready, willing, and able to purchase a…

Q: Consider the market for wood burning stoves, if there is a decrease in the price of electricity and…

A: In a competitive market of a good, there exists a large number of buyers and sellers of the good in…

Q: The table below shows the weekly demand for iPhone in a market where there are just three buyers.…

A: The quantity of an item or service that consumers buy at various prices during a given period of…

Q: help me understand supply and demand please

A: Definitions: Supply: Supply is an economic theory that refers to the quantity of goods and services…

Q: Select the change that would increase price and decrease quantity. (sketch the graphs if you need to…

A: Supply and demand, in economics, helps establish a relationship between the quantity of a commodity…

Q: Explain what it means when the supply of television set rises.explain what it means the quantity…

A: Supply: It is the total amount of a specific good or service that is available to consumers

Q: Explain the two types of demand.

A: # Demand is closely related to the wants and the needs of the consumers in an economy. It is one of…

Q: What happen if Demand of petrol is higher than Supply. Make answer in 1 paragraph

A: Equilibrium refers to a situation of rest where the market forces coincide which each other and…

Q: Explain what causes changes in supply and quantities supplied

A: Answer: Introduction: Change in supply: Change in 'supply' takes place due to changes in other…

Q: Suppose the total demand for computers and the total supply of computers per month in the Calgary…

A: Equilibrium is achieved at a point where demand curve intersects the supply curve. Any price below…

Q: Draw a supply and demand graph for the market for air travel. Analyze the impact of an increase in…

A: The following graph shows the market for air travel. D is the demand curve depicting the inverse…

Q: What will happen to demand for normal goods with the increase in population

A: An inferior good defines a good whose desired demand tends to drop with the increment in the money…

Q: What happens to the supply curve if quantity supplied falls

A: Supply curve is the notation of relationship between price and quantity supplied. It is positively…

Q: Carefully explain what is happening in the following market.  Indicate the impact if any on demand,…

A: Two goods are referred to as substitutes in production if they are produced using the same set of…

Q: Difference between expansion of demand an increase in demand?

A: Expansion of demand and an increase in demand are two different concepts.

Q: What happened to the equilibrium price of cars when Henry Ford began using the assembly line? A.…

A: Henry ford used assembly line technology,due to which cost was reduced and supply of henry ford cars…

Q: What is Supply

A: Supply: - in economics, the supply is the amount of a good or service available for sale in the…

Q: What causes a change in the quantity supplied? Graph a supply curve and show a change in quantity…

A: When supply changes with respect to its own price mentioned other factors being ceterus paribus then…

Q: The Government places a luxury tax on cars that sell for over $50k.  What would happen to the supply…

A: The impact of the tax on the demand-supply equilibrium level of output and price is to move the…

Q: What would cause a decrease in quantity supplied?

A: The change in qty supplied is caused onle due to change in prices of that goods ie. Law of supply is…

Q: What impact did the advent of online video rentals and streaming have on the in-store movie…

A: With the advent of streaming and online video rentals, demand for the rentals of in-store movie has…

Q: The table below shows the demand and supply schedule for good Z. Market Demand 60 40 20 10 Price…

A: An equilibrium occurs in a market where the quantity demanded of a good gets equal to the quantity…

Q: The population of a City increased from 50000 to 80000 , use a diagram to  illustrate the effect of…

A: please find the answer below.