Refer to the following table: 2019 2018 2017 $0.20 Broccoli price $0.40 $0.40 $0.50 $0.50 $0.50 Carrot price $2.00 $2.00 $1.00 Corn price $0.50 $1.00 Asparagus price $0.50 2 Assume a market basket is composed of 5 broccoli, 2 carrots, 1 corn, and 10 asparagus. Assume the base year is 2017. Calculate the price index in 2019. Type your answer... 3 E 1
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- There was a disruption in production and shipment of fertilizer when Russia invaded Ukraine in March 2022. How does the event in the market for fertilizer transition into the market for food. Explain and draw the graphs for both the markets.Directions: Plot the following hypothe tical dem and schedule of pork and supply schedule of bangus in the market in a graphing paper and explain each graph. Price of Beef (Per Kilo) Quantity Demanded (In Kilos) P 150.00 P 140.00 90 100 P 100.00 130 6|Page P 75.00 150 P 60.00 170 P 40.00 200 Price of Bangus (Per Kilo) Quantity Supplied (In Thousands) P 120.00 P 100.00 P 90.00 P75.00 P 60.00 P 50.00 700 650 600 500 400 300The market for Sony's Playstation5 game console has changed from 2021 to 2023. With restrictions from the Covid-19 pandemic ending people are finding other entertainment options available such as concerts, movies, and travel. Additionally, the microchip shortage is beginning to lessen, the custom-made AMD Zen 2 chip used in the PS5 has been decreasing in cost. Identify the appropriate market conditions and draw a clear graph to illustrate the market for Sony's Playstation5 game consoles in 2023 as compared to 2021. 1. Explain which non-price determinant(s) of demand and/or supply are changing. 2. Draw a graph on a piece of paper - label all axes, lines, and equilibriums. Include all relevant information. 3. Explain what is happening in the market with regard to equilibrium price and equilibrium quantity.
- 7 10 points ebook Print References The graph below shows the market for soya beans: Plot the two end points using the tool provided in the graphing area below. Plot only the end points of the curve and position those points on the edge of the graphing area. Price per kilo 16 14 12 10 8 6 4 2 0 25 175 200 Soya beans (millions of kilos) 75 50 100 125 150 D 225 275. 250 300 Tools line 4Then, looking at the data in each of the following schedules, label the corresponding schedule either “Demand Schedule" or "Supply Schedule;" Schedule 1.1: Price of Eggs (per dozen) Quantity of Eggs (dozen) $8.00 10 $5.00 8 $3.00 $2.00 4 2 $1.50 1 Schedule 1.2: Price of Eggs (per dozen) Quantity of Eggs (dozen) $8.00 1 $5.00 $3.00 4 $2.00 $1.50 8 10 Next, graphically illustrate the supply curve and demand curve for eggs, being certain that you fully label the graph; Then, briefly distinguish the difference between a movement along a curve and a shift of the curve. In doing so, be certain to list in your answer the factors shifting the demand curve as well as the factors shifting the supply curve;The following graph plots Valerie's monthly demand curve (blue line) for grain bowls. The point denoted by A gives a point along her monthly demand curve. The market price of grain bowls is $2.25 per bowl, given by the horizontal black line. PRICE(Dollars per bowl) PRICE (Dollars per bow 7.50 6.75 6.00 5.25 4.50 3.75 3.00 7.50 T 2.25 6.75 + 1.50 6.00 + 0.75 5.25 + 0 4.50 3.75 + 3.00 + 2.25 1.50 + 0.75 + From the previous graph, you can tell that Valerie is willing to pay $ per bowl, the consumer surplus she gains from the 6th grain bowl is $ 0 0 Suppose the price of grain bowls were to fall to $1.50 per bowl. At this lower price, Valerie would receive a consumer surplus of S 6th grain bowl she buys. Demand The following graph plots the monthly market demand curve (blue line) for grain bowls in a hypothetical small economy. Price 2 Use the purple point (diamond symbol) to shade the area representing consumer surplus when the price (P) of grain bowls is $2.25 per bowl. Then, use the…
- Activity 1. Show Me The Plot 1 Directions: Plot the following hypothetical demand schedule of pork and supply schedule of bangus in the market in a graphing paper and explain each graph. Price of Beef (Per Kilo) Quantity Demanded (in Kilos) P 150.00 90 P 140.00 100 P 100.00 130 P 75.00 150 P 60.00 170 P 40.00 200 Price of Bangus (Per Kile) Quantity Supplied (in Thousands) P 120.00 700 P 100.00 650 P 90.00 600 P 75.00 500 P 60.00 400 P S0.00 300The following graph shows the monthly demand and supply curves in the market for combs. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. Note: Once you enter a value in a white field, the graph and any corresponding amounts in each grey field will change accordingly. PRICE (Dollars per comb) 528 && 28 72 64 56 48 40 16 Supply Demand 0 50 100 150 200 250 300 350 400 450 500 QUANTITY (Combo) Graph Input Tool Market for Combs Price (Dollars per comb) Quantity Demanded (Combs) 24 500 Quantity Supplied (Combs)The diagrams below show the market for home air conditioners. Both consumers and producers expect the price of home air conditioners to increase soon. Which diagram illustrates what will happen in the market for home air conditioners? Write the letter representing the correct diagram. A B D KKK K D₁ D E F X Di D₂ с H K
- The table shows the demand and supply schedules for magazines. What is the market equilibrium? If the price of a magazine is $4.50, what is the situation in the market? How is market equilibrium restored? If a fall in the price of a newspaper decreases the quantity of magazines demanded by 11 a week at each price, how does the market adjust to its new equilibrium? The equilibrium price of a magazine is $ and the equilibrium quantity is magazines a week. Quantity demanded (magazines per week) 111 160 155 150 145 140 Price (dollars per magazine) 3.00 3.50 4.00 4.50 5.00 Quantity supplied 138 144 150 156 161What are the influences on buying plans that change demand, and do these influences increase or www Draw a demand curve that shows what happens in the market for coffee makers if the price of a takeout coffee, a substitute for a coffee maker, rises but all other influences on buying plans remain the same. Label the curve D₁. When an event occurs that changes the demand for coffee makers, does the demand curve shift or is there a movement along the demand curve? When an event occurs that changes the demand for coffee makers, if demand decreases. if demand increases and OA. a movement up along the demand curve occurs; a movement down along the demand curve occurs OB. the demand curve shifts rightward; the demand curve shifts leftward C. a movement down along the demand curve occurs; a movement up along the demand curve occurs D. the demand curve shifts leftward; the demand curve shifts rightward 24- 20- 16- 12- 8- 4- 0- Price (dollars per coffee maker) Do 2 5 Quantity (millions of coffee…The demand and supply curves for composition notebooks can be described by the followingequations: Demand Qd = 100-20P, Supply Qs = 10+40P Question 1.Complete a demand schedule and a supply schedule for composition notebooks based onthe prices $0.5, $1.00, $1.50, $2.00 and $2.50