B. Directions: Complete the data inside the demand schedule by after completing the answer inside the demand schedule. 1.Qd = ? Point A B C D E QD=300-20P Price 1 6 15 2.P = ? QD 200 100 3.Qd =? PLOT THE GRAPH: P 4.P = ? Qd 5. Qd = ?
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- Refer to the exhibit ...what does a movement from point G to F means?A demand schedule shows the relationship between two variables. So what are the two variables on the axes of the area in which we graph a demand schedule?During the height of the Covid pandemic, McDonalds like all other restaurant chains suffered from the combined negative impact of missing customers and supply chain disruptions. In words, how might each of these separately affect the Demand and Supply diagram. What is the overall impact on the market for McDonalds? Next, graphically depict the combined effect of the two, make a copy of the image, and insert at the bottom of the answer. If you need help, with photographing and inserting an image, reach out to your instructor or classmate.
- Q2. a. What is the law of demand? Give two examples of how you have observed the law of demand at work in the “real world.” How is the law of demand related to the demand curve?b. What variables influence the demand for a normal good? Explain why a reduction in the price of a normal good does not increase the demand for that good.Q4. What is econometric forecasting? If econometrics forecasting is considered the bestforecasting technique, what usefulness remains over other forecasting techniquesNeed help with Evaluation Evolution Question 3 asks how easily the quantity supplied of salmon can be changed in response to changes in its price. In your answer, write about the short term - if the price of salmon doubled today, for example, could the quantity supplied of salmon double in the next year? What are the constroints on increasing supply? Then consider the long term. What are the constraints on increasing supply and how important are they? Come to an overall condusion about the short term and long term.the mobile phone market in europe shows the following characteristics?Production 15.9 MN unitsConsumption 22.8 MN unitsEuropean price 36 EurocentsElasticity of supply 1.5Elasticity of demand -0.3Drive the demand and supply curves in the Mobile market
- Suppose you observed that the consumption of organges increased sharply last year, however thet total consumer expenditure on oranges did not change. Did a supply shift, demand shift or both cause this? explain using graphsPrepare a SWOT analysis using the details below. Maria is planning to open up a Cafeteria near her house. She closed her previousCafeteria few months ago because the rental keeps getting higher and the income is decliningbecause of the COVID19 pandemic. It came up to her the idea to open again since a lot ofpeople are asking for online delivery of their favorite snacks offered in her shop since most ofthe people would stay at home and would prefer food delivered in their doorsteps. Since sheowned a vacant lot near her house, and she thought that re-opening her shop in that locationwould be a great idea and she will not pay rentals anymore. And her Café Services will stillcontinue but with the added services like the Food Panda does.The following table shows the quantity D of wheat, in billions of bushels, that wheat consumers are willing to purchase in a year at a price P, in dollars per bushel. D = quantity of wheat P = price 1.0 $2.05 1.5 $1.75 2.0 $1.45 2.5 $1.15 In economics, it is customary to plot D on the horizontal axis and P on the vertical axis, so we will think of D as a variable and of P as a function of D. (a) Show that these data can be modeled by a linear function. For each increase of 0.50 in D there is of in P. Find its formula. (Use P for price and D for quantity.)P = −.6d+265 (b) Add the graph of the linear formula you found in part (a), which is called the market demand curve, to the following graph based on the following table for market supply curve. S = quantity of wheat P = price 1.0 $1.35 1.5 $2.40 2.0 $3.45 2.5 $4.50
- Demand, Supply and Equilibrium Draw curves that represent the following relationship a. The cost of kidney dialysis and the number of sessions the patient wants b. The cost of haircuts and the number of cuts a custumer wants c. Income level and the amount of SPAM a consumer would eat d. Income level and the amount of jewelry a consumer buys e. The cost of appples and the amount of oranges a consumer buys f. The cost of sugar and the amount of coffee a consumer buysSuppose that people consume only three goods, as shown in this table: Tennis Balls Golf Balls Bottles of Gatorade 2020 price Rs.250 Rs.450 Rs.150 2020 quantity 100 100 200 2021 price Rs.250 Rs.653 Rs.255 2021 quantity 100 100 200 a. What is the percentage change in the price of Tennis Balls? b. What is the percentage change in the price of Golf Balls? c. What is the percentage change in the price of Bottles of Gatorade ? d. Using a method similar to the CPI, compute the percentage change in the overall price level.Explain the relation of each and every box with the next box in separate elaborative points.