Question 1:        Physicians’ offices supply some urgent care services (i.e., services patients seek for prompt attention but not for preservation of life or limb). a, Name three other providers of urgent care services. b. What sort of shift in supply or demand would result in a market equilibrium with higher prices and sales volume? c. What might cause such a shift> d. What sort of shift in supply or demand would result in a market equilibrium with higher prices but lower sales volume? e. What might cause such a shift?

. The following relations describe monthly demand and supply for a computer support service catering to small businesses.Q D = 3,000 - 10PQ S = -1,000 + 10Pwhere Q is the number of businesses that need services and P is the monthly fee, in dollars.a. At what average monthly fee would demand equal zero?b. At what average monthly fee would supply equal zero?c. Plot the supply and demand curves.d. What is the equilibrium price/output level?e. Suppose demand increases and leads to a new demand curve:Q D = 3,500 - 10PWhat is the effect on supply? What are the new equilibrium P and Q?f. Suppose new suppliers enter the market due to the increase in demand so the new supplycurve is Q = –500 + 10 P. What are the new equilibrium price and equilibrium quantity?g. Show these changes on the graph.

2.Given the supply curve for radiographs by a radiology practice, predict how this curve will shift (supply will increase or decrease), if the following occurs:Those question have two answers to choose from;     increase or decrease   a. A decrease in the wages of radiological technicians........?   b. An increase in productivity ...........?   c. An increase in the wages of technicians .............?   d. A decrease in the number of patients with multiple and rare problems ...........?

1. Suppose you are given the following information about the demand and supply of a half hour spa treatement: Q — 500— 5Р = -40 + 4P (a) demand curves. Make sure to label the axes, curves, and all important points. Find and label the equilibrium quantity Q* and market-clearing price P* for a half hour spa treatment. Use the information to create a diagram to represent the supply and (b, the demand for personal care and drastically changed the demand curve for spa days. One a “Bones" day, the demand for self care falls to: Unfortunately a tiktok trend of “Bones" or “No Bones" has infleunced QD — 235 — 2.5Р However, on a “No Bones" day, the demand increases to: QD = 1, 100 – 10P Given the supply of half hour spa treatements, what price should the spa charge on a "Bones" day and what price should the spa charge on a "No Bones" day? (c). prices that would happen in the case of a Bones or No Bones day. Because of that, the government wants the market price to always be the P* found in part…

1. Assume that if drugs (like marijuana, cocaine and heroin) were legalized, the supply curve would shift down and to the right because the business of drugs would become less risky and less expensive. a. Would you expect the demand curve to shift if drugs were legalized? Why or why not? b. Given the supply shift and your answer to (a), what would happen to the drug price and quantity consumed if legalized? Use a graph to illustrate your answer. c. Although it is difficult to empirically test, many people believe that thedemand for drugs is price inelastic for addicted users and price elastic foryoung or occasional, recreational users. Show graphically what wouldhappen to the total revenue of drug sellers whose customers are addicted and of sellers whose customers are casual users. Assume that drug sellers can be separated by their customer type. Also assume that the demand curve does not shift when drugs are legalized.

Current tuition at Benedict College is around $24, 000 a year. Show what would likely happen to demand for educational services at the school if tuition went up to $40, 000 a year.               The Ford F-150 (best selling vehicle in the U.S. for the last three decades) is currently priced at about $40, 000 to $45, 000. Show what would likely happen to the amount of vehicles offered for sale if the vehicle price went up to $52, 000.               You have four kids at home and they are somewhat clumsy and spill a lot of milk and other drinks. While at DG you compare some paper towels options. The first option is a roll of towels that contains 43 sq. ft. of paper at a price of $1.75. The second option contains 67.3 sq. ft. of paper at $2.00. Which is the better choice?             One of the problems with K-12 education in the U. S. is that there are not enough men (especially men of color) within the classrooms. The rational is that the salaries are too low. Show what…

d. Suppose there is an increase in consumers' incomes. In the market for automobiles(a normal good), does this event cause an increase in demand or an increase in quantitydemanded? Does this cause an increase in supply or an increase in quantity supplied?(Explain. NB: Explanation must not be more than half a page.)e. Suppose there is an advance in the technology employed to produce automobiles. Inthe market for automobiles, does this event cause an increase in supply or an increasein the quantity supplied? Does this cause an increase in demand or an increase in thequantity demanded? Explain NB: Explanation must not be more than half a page.f. The demand and supply functions for two related commodities A and B in two differentmarkets are defined below:QdA= 410-5PA-2PB QdB= 295-PA-3PBQsA= -60+3PA QsB= -120+2PBi. Find the equilibrium conditions in the two marketsii. How are goods A and B related? Explain your.

NIke SHoes The price oT Adidas shões goes down 2. For each of the following markets draw the demand and supply model. Label the demand curve, supply curve, axes, equilibrium price and quantity (P* and Q*). Then show how the given events willI change (shift) the demand and/or supply curves. Also show how P* and Q* will be affected. Label the new demand and supply curve and also the new P* and Q*. Clearly say what will happen to P* & Q*. a. Draw the market for ice-cream. The price of butterfat, an ingredient needed to make ice-cream, decreases.

LAW OF DEMAND Apply this Scenario on IKEA COMPANY Scenario 2: a. If the company decides to earn more profits and hence decide to increase the price of their product. Use a numerical table of price and demand to explain. b. What effect this increase in prices will have on consumers demand? Is it called a change in quantity demand or change in demand? Why? c. Draw and show this effect with the help of a demand curve.

Carefully explain what is happening in the following markets. Indicate the impact if any on demand, supply, price and quantity Scenario 2: Market for Box Fans WE'RE IN THE MIDDLE OF A 100-DEGREE HEAT WAVE! HOW COULD YOU SELL OUT OF FANS?! WHERE ARE I'M SORRY, WE'VE YOUR BOX FANS? A SOLD OUT OF THEM. she Fe Impact on demand Choose. Impact on supply Choose. Impact on price Choose. Impact on quantity Choose. 02010 Norman Feuti, Dist. by King Features Syndicate, Inc.