1. Supposed that UMA condominiums are an ordinary good and demand for condominiums is inelastic. What is the effect on Nagenyos consumer surplus if there is a decrease in price of condominiums? Explain. 2. Based from the answer in question number 1 pertaining to the supply of condominiums in response to the demand of Nagenyos, Enumerate atleast two(2)( possible effects of the determinants of demand (a)price, (b)income, (c)prices of related goods like apartments and residential houses, and (d)consumer taste and expectation) and determinants of supply (a) flexibility of inputs, (b) mobility of inputs, (c)ability to produce substitute and (d) time

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A: Disclaimer :- as you posted multipart questions we are supposed to solve the first 3 questions only…

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A: From demand curve, when price is $2, quantity demanded is 10 units. Correct option is (b).

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Q: The demand curve for a product has equation p =100e -0.008q and the supply curve has equation p =4vq…

A: Answer a.  Just plug in p = 50 and solve for q Demand Curve: 50 = 100e^(-0.008q) 1/2 =…

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Q: 1. Let (inverse) demand be Pb 104-3 Qb and (inverse) supply be Pv 19+2Qv. Consider the PRICE FLOOR…

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Q: The demand equation for a good is given as Q = 200 - 4P + 6M + 2P. P: The price of the good M: The…

A: Given, the demand function for a good: Q =200-4P+6M+2PS Value of Q: Q = 200-4*80+6*60+2*100Q…

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A: "Since you have asked multiple questions, we will solve first question for you .. If you want any…

Q: The demand and supply functions for three (03) goods are given as follows: Dx = 100-3Px+Py+3Pz Dy…

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Q: Suppose the demand for Car is given by Qd = 1000-0.5P  and that the supply of Car is given by…

A: Qd = 1000-0.5P Qs=2P-300

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Q: a) The supply and demand functions of a good are given by: P = 30 + Q? P = 126 – Qå where P. Qs and…

A: Dear student, you have asked multiple questions in a single post. In such a case, I will be…

Q: 1) Construct a linear demand function equation for a normal good. From this equation; * Create the…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: b. Suppose that the government imposes a $1.00 tax on each CFL sold. Assume that producers pay the…

A: Equilibrium takes place at a point where demand equals to supply. The calculations are done below-

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Q: C- If the consumer income increases by 20%, what will happen to the equilibrium price and guantity.

A: If the consumer income increases by 20%,then demand would increase.

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Q: 2. There is no demand for an item when the price is $800. However, there is a demad for 100 items…

A:

Q: 3) The demand and supply functions for two related goods; jeans (x) and shirts(y), are given by the…

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Q: The demandand Supply functions for three goods ase givenasfallows: Dx = 100 -3 Px + Py + 3Pz Dy =…

A: Hello. Since you have posted multiple questions and not specified which question needs to be solved,…

Q: Exercise: You study the arms market represented by the following demand function qd = 150 - p – 4pa,…

A: Market for ammunition Demand: Qd = 150-P-4Pa Supply: Qs = -50+26P - 5Pp Pa = 15 Pp = 1

Q: QUESTION 14 14. In the late 1970s, as gasoline prices began rising, the govemment imposed a price…

A: Equilibrium in the market occurs where there is no shortage and no surplus.

Q: 1. Supposed that UMA Condominiums are an ordinary good and demand for Condominiums is inelastic.…

A: The price elasticity of demand represents the responsiveness of quantity demanded of a good or…

Q: 2. Table shows a relationship between price and quantity demanded and quantity supplied for goods…

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A: Elasticity of demand depicts how much consumer responds with the change in the price level.

Q: The demand and supply functions for three (03) goods are given as follows: Dx = 100-3Px+Py+3Pz Dy =…

A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Figure 2. 25 20 Supply Price 15 10 Demand 5. 10 15 20 25 Quantity (thousands) Refer to the figure…

A: Equilibrium, in economics, refers to the condition when demand and supply curves intersect at a…

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Q: 2. The demand for good X is given by: d = 6,000 - 0.5Px - Py +9Pz + 0.1M Qx Research shows that the…

A: “Since you have asked multiple questions, we will solve the first three sub-parts of the question…

Q: 2. Table shows a relationship between price and quantity demanded and quantity supplied for goods…

A:

Q: The following questions pertain to analysis of the supply and demand scenario derived from the…

A: Price ceiling means highest price at which the product can be sold.

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Q: The demand and supply functions for three (03) goods are given as follows: Dx = 100-3Px+Py+3Pz Dy…

A: a) When tax imposed by government 25% on X. Dx=100-3Px+Py+3PzDx=100-3Px+23.66+3(60.42)…

Q: Solve the attachment

A: Hello. Since you have posted multiple parts of the question and not specified which part of the…

Q: 2. Below is a tabular data of price and quantity demand and quantity supply for banana que. 10 40 20…

A: P 5 10 15 20 25 Qd 50 40 30 20 10 Qs 10 20 30 40 50 [a] To solve the demand and supply…

Q: Refer to the Graph of supply and demand for avacodoes to answer the following questions:

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…

Q: 3. Asurplus is when there is more supply than there is demand. You can find it by subtracting the…

A: Surplus is the amount of a good which exists when quantity supplied is more than the quantity…

Q: Suppose demand for good A is given by DA = 500 - 10 Pa + 2 Pb + 0.70I where Pa is the price of good…

A: NOTE: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…