The following provides Jonathans Soup Kitchen supply demands for peanuts that he would serve each month at his church's soup kitchen before dinner in the upcoming year. At $6.00 per pound Jonathans Soup Kitchen would be able to purchase five pounds of peanuts per month, at $5.00 six pounds; at $4.00 eight pounds; at $3.00 ten pounds; and at $1.00 twelve pounds. In the space to the right create Jonathan's Soup Kitchen Demand Schedule for Peanuts.
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- Table 4-6 Price Quantity Demanded Quantity Supplied (Dollars per unit) (Units) (Units) 5 30 80 4 40 65 50 50 2 60 35 1 70 20 Refer to Table 4-6. If the price were $4, a O shortage of 10 units would exist, and price would tend to rise. O surplus of 25 units would exist, and price would tend to fall. O shortage of 25 units would exist, and price would tend to rise. O surplus of 10 units would exist, and price would tend to fall.Same anwers in the first blank spaceTable Quantity Supplied Price (Units) (Dollars per unit) Firm A Firm B Firm C Firm D of 4. 4. 10 12 15 12 14 20 10 10 15 16 25 Refer te Table. If these are the only four seilen in the market, then when the price increnses from S2 to 54, the market qutity pplied Oa decreses by 28 units Obincreases by 28 its. Oc decreases by 14 uts Od isereaies by 14 its
- 11:13 AM Mon 22 Mar @ 62% McGraw-Hill ConnectEd Question 4 Section 1: 4/30 A Surplus $12 10 | 4 demanded At $9 there is a surplus of burritos 44 supplied 8. 2 4 12 20 28 36 44 52 60 Quantity The graph indicates a surplus of burritos at a price of $9. Why did this surplus occur? 200 words remaining Save & Continue » Price 4.Table 1.2 Price per Quantity Unit Demanded $5 320 $10 260 $15 200 $20 140 $25 100 $30 50 $35 10 In Table 1.2, if the price is $5, a O shortage; 110 O shortage; 370 O shortage; 270 O surplus; 270 Quantity Supplied 50 150 200 250 300 350 400 of units will occur20 Demand Supply 18 16 14 さ12 10 8. 12 14. 16 20 QUANTITY Which of the following statements is not correct? When the price is 510.quantity supplied equala quantity demanded. DWhen the price is 512.shere is a surplus of 4 units. 0When the price is S16.quantity supplled exceecs ouantity demanded by 1 units. When.the price ls S6 there is a surplus of8units. PRICE
- What is the relationship between quantity Demanded and quantity supplied at equilibrium? What is the relationship when there is a shortage? What is the relationship when them is a surplus?Module 5 Homework i 2 eBook Refer to the figure. Price (dollars) 10 8 7 4 3 2 1 0 Market for Artichokes 50 100 D 150 S 200 Quantity (pounds of artichokes) 250 Tools PS Saved Ⓡ The graph represents the market for artichokes (in pounds per week) at a Midwest farmers' market. Suppose the equilibrium price of artichokes is $3 per pound and the equilibrium quantity is 100 pounds of artichokes per week. Using the graph, show the area representing producer surplus in this market, and then determine how much producer surplus will be generated by the market each week. Instructions: Use the tool provided “PS” to illustrate this area on the graph. Producer surplus: Help Save &-How has Covid-19 affected the market for gasoline? Which of the main influences of supply and demand do you think were responsible for the price changes? (See textbook pages 90-91 and 97-98.) Be specific and explain why and how the “main influences” you chose had an impact on the gasoline market.
- estion 6 The table below contains data for the country of Batterland, which produces only waffles and pancakes. The ot yet base year is 2009. nswered Prices and Quantities Marked out of 1.00 Year Price of Quantity of Price of Quantity of P Flag question Waffles Waffles Pancakes Pancakes 2008 $2.00 100 $1.00 100 2009 $2.00 120 $2.00 2010 $2.00 150 $3.00 200 2011 $4.00 180 $3.00 220 %. From 2010 - 2011, this country's output grew Select one: O a. 12.5 O b. 155.6 Oc. 14.3 O d. 48.1 Next page 26°C Mostly cloudy Previous page 2 Type here to search 1505 enter your answer as whole numbers A. What is the market equilibrium rental price per month and the market equilibrium number of apartments demand and supplied? market equivalent rental price is: ______ per month B. If the local government can enforce a rental control law that sets the maximum monthly rent at $2250 will there be a surplus or a shortage? ______ Of how may units ______ apartments per month How many units will actually be rented each month? ________ apartments C. Suppose that a new government is elected that wants to keep out the poor. It declares that the minimum rent that can be charged is $3,250 per month. If the government can enforce that price floor will there be a surplus or a shortage? _______ Of how many units? _______ apartments per month how many units will actually be rented each month? _______ apartments  9 Erika's evaluation of packets of nacho chips in terms of $MU is shown in table below. Marginal Consumer Surplus Quantity of Chips 1 2 3 4 5 SMU $ 3.50 2.70 1.90 1.50 1.40 Price $1.30 1.30 1.30 1.30 1.30 $ Total Consumer Surplus $ If Erika buys five packets, calculate her marginal consumer surplus for each packet and the total consumer surp complete table above. Round your answers to 2 decimal places.