subject
Business, 03.09.2021 20:00 tcjet

The information given in the schedule below shows the various prices that could prevail in the market, along with corresponding quantities demanded and supplied. Draw the market. Remember to label all pertinent parts (axes, curves, equilibrium price and quantity). Price per unit QD per week QS per week
$1.00 500 million units 100 million units
$2.00 400 million units 200 million units
$3.00 300 million units 300 million units
$4.00 200 million units 400 million units
$5.00 100 million units 500 million units
1. What is the equilibrium price and quantity in the market?
2. If the price of the good is $4, would a shortage or surplus exist in the market? What would be the size of the surplus or shortage?
3. How would the price in the market change to correct the surplus or shortage?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:30
Prepare journal entries for each transaction and identify the financial statement impact of each entry. the financial statements are automatically generated based on the journal entries recorded. apr. 1 tanner invested $80,000 cash along with office equipment valued at $26,000 in the company in exchange for common stock.apr. 2 the company prepaid $9,000 cash for 12 months' rent for office space. the company's policy is record prepaid expenses in balance sheet accounts.apr. 3 the company made credit purchases for $8,000 in office equipment and $3,600 in office supplies. payment is due within 10 days.apr. 6 the company completed services for a client and immediately received $4,000 cash.apr. 9 the company completed a $6,000 project for a client, who must pay within 30 days.apr. 13 the company paid $11,600 cash to settle the account payable created on april 3.apr. 19 the company paid $2,400 cash for the premium on a 12-month insurance policy. the company's policy is record prepaid expenses in balance sheet accounts.apr. 22 the company received $4,400 cash as partial payment for the work completed on april 9.apr. 25 the company completed work for another client for $2,890 on credit.apr. 28 the company paid $5,500 cash in dividends.apr. 29 the company purchased $600 of additional office supplies on credit.apr. 30 the company paid $435 cash for this month's utility bill.
Answers: 3
question
Business, 22.06.2019 04:00
Match the type of agreements to their descriptions. will trust living will prenuptial agreement
Answers: 2
question
Business, 22.06.2019 13:30
How does hipaa address employee’s access to e-phi?
Answers: 1
question
Business, 22.06.2019 15:40
Acompany manufactures x units of product a and y units of product b, on two machines, i and ii. it has been determined that the company will realize a profit of $3 on each unit of product a and $4 on each unit of product b. to manufacture a unit of product a requires 7 min on machine i and 5 min on machine ii. to manufacture a unit of product b requires 8 min on mchine i and 5 min on machine ii. there are 175 min available on machine i and 125 min available on machine ii in each work shift. how many units of a product should be produced in each shift to maximize the company's profit p?
Answers: 2
You know the right answer?
The information given in the schedule below shows the various prices that could prevail in the marke...
Questions
question
Physics, 14.12.2021 14:00
question
Social Studies, 14.12.2021 14:00
question
Mathematics, 14.12.2021 14:00
question
Chemistry, 14.12.2021 14:00
question
English, 14.12.2021 14:00
question
Mathematics, 14.12.2021 14:00
question
Mathematics, 14.12.2021 14:00
Questions on the website: 13722367