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Author Question: Effects of SurplusThe table shows the quantity of stuffed animals that are demanded and supplied at ... (Read 83 times)

tyratatyanna

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on: Nov 23, 2022

Question 1

The table shows the quantity of mystery books that is demanded and supplied at various prices.
PriceQuantity DemandedQuantity Supplied
5.0060​39​
5.2552​41.5​
5.5044​44​
5.7536​46.5​
6.0028​49​
Assume that at each price, quantity demanded decreases by 2.5 and quantity supplied increases by 8. What is the new equilibrium price and quantity?
◦ $5.25, 49.5
◦ $5.75, 49.5
◦ $5.25, 54.5
◦ $5.75, 54.5

Question 2

Effects of Surplus

The table shows the quantity of stuffed animals that are demanded and supplied at various prices:
PriceQuantity DemandedQuantity Supplied
196​21​
284​34​
372​47​
460​60​
548​73​
636​86​
Suppose the market price is set to $3. This market has a ________ (shortage/surplus) of stuffed animals equal to ________.
Suppose the market price is set to $6. This market has a ________ (shortage/surplus) of stuffed animals equal to ________.
◦ shortage, 25, shortage, 50
◦ surplus, 25, shortage, 50
◦ surplus, 25, surplus, 50
◦ shortage, 25, surplus, 50
Macroeconomics ¦ Acemoglu, Laibson, List ¦ 3rd Edition
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Marked as best answer by tyratatyanna on Nov 23, 2022

kaelamcrone

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Reply #1 on: Nov 23, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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tyratatyanna

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Reply 2 on: Nov 23, 2022
Thanks for the timely response, appreciate it

blakcmamba

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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