Answer Happy

Please assist on answering all the questions below
QUESTION 9 Given the demand for a product as Qd = 46 - 9P and the supply is given as Qs = 21 + P. You are told equilibrium is obtained at the point where Qd = Qs. The equilibrium price for the product is Answer: Question 10 Given the demand for a product as Qd = 46-9P and the supply is given as Qs = 21 + P. You are told equilibrium is obtained at the point where Qd = Qs. The equilibrium quantity for the product is Answer: Question 11 Given the demand for a product as Qd = 46 - 9P and the supply is given as Qs = 21 + P. If the price is 4, then there will be a surplus of Answer units. QUESTION 12 Antoinette is willing to pay R60 to see the movie, Forest Gump, for the fourth time. She finds a theatre showing Forest Gump for R20. What is Antoinette's consumer surplus? A.RO B. R20 C. R60 D. R40 Question 13 This question is based on the following table showing Lineo's demand schedule for yoghurt. Quantity Demanded 1 2 Price R2,00 R1,50 R1,10 R0,80 R0,60 3 4 5 If the market price is RO,80, Lineo's consumer surplus will b A. R1,20 B. R3,20 C. R5,40 D. R2,20
Question 14 If Busani, a butcher, sells meat at a price exactly equal to the price he is willing to sell it for, then A. he will never make a profit. B. his producer surplus for the last unit of meat is RO. C. his willingness to sell is less than his producer surplus. D. his producer surplus is negative. Question 16 Consumer surplus is best described as A. the difference between what consumers pay and the value that they receive, indicated by the maximum amount they are willing to pay. B. the difference between what suppliers pay to produce their goods and the value that they receive, indicated by the maximum amount they are willing to pay. C. the positive difference between the lowest prices at which producers are willing to supply the different quantities and the price they receive. D. what consumers pay and the value that they forgo, indicated by the maximum amount they are willing to pay.