- (SHOW WORKINGS) Suppose the demand for a commodity X is represented by the equation P = 10 - 0.2Q and the supply by th

Post by **answerhappygod** » Wed Mar 09, 2022 8:29 am

: Show Workings Suppose The Demand For A Commodity X Is Represented By The Equation P 10 0 2q And The Supply By Th 1 (66.1 KiB) Viewed 46 times

: Show Workings Suppose The Demand For A Commodity X Is Represented By The Equation P 10 0 2q And The Supply By Th 2 (70.2 KiB) Viewed 46 times

: Show Workings Suppose The Demand For A Commodity X Is Represented By The Equation P 10 0 2q And The Supply By Th 3 (142.52 KiB) Viewed 46 times

: Show Workings Suppose The Demand For A Commodity X Is Represented By The Equation P 10 0 2q And The Supply By Th 4 (73.94 KiB) Viewed 46 times

: Show Workings Suppose The Demand For A Commodity X Is Represented By The Equation P 10 0 2q And The Supply By Th 5 (100.06 KiB) Viewed 46 times

- (SHOW WORKINGS) Suppose the demand for a commodity X is represented by the equation P = 10 - 0.2Q and the supply by the equation P = 2 + 0.2Q. The equilibrium price and quantity would be: O 6 and 20 respectively. O4 4 and 30 respectively. O 7 and 30 respectively. 7 . O 2 and 10 respectively. 2

0 (SHOW WORKINGS) Talha, Katrina and Farzana purchase a ticket each to the latest Bollywood movie for $10. Talha's willingness to pay was $20, Katrina's was $15, and Farzana's was $10. For the three consumers together, consumer surplus amounts to $15 $20 $30 $10

Оро (SHOW WORKINGS using midpoint method): Suppose that when Finance textbook are sold at $15.00 each, they generally sell 70 books per month. If they lower the price to $7.00, sales increase to 90 books per month. Given this information, we know that the price elasticity of demand will be 0.34, and a decrease in the price from $15.00 to $7.00 results in a decrease in total revenue 2.91, and an decrease in the price from $15.00 to $7.00 results in a increase in total revenue 0.34, and a decrease in the price from $15.00 to $7.00 results in a increase in total revenue 2.91, and an decrease in the price from $15.00 to $7.00 results in a decrease in total revenue

Оро (SHOW WORKINGS) The following table shows the units of output a worker can produce per month in Australia and Korea. The opportunity cost of 1 unit of electronics in Australia is Australia Korea Food 20 8 Electronics 5 2 4 units of food. 1/4 of a unit of food. 5 units of food. 1/5 of a unit of food.

Оро (SHOW GRAPH) Suppose that demand for orange juice increases and, at the same time, supply of oranges decreases. What would happen in the market for orange? Equilibrium price would increase, but quantity may increase or decrease. Equilibrium quantity would increase, but price may increase or decrease. Equilibrium quantity would decrease, but price may increase or decrease. Equilibrium price would decrease, but quantity may increase or decrease.