The supply function for oil is given (in dollars) by S(q), and the demand function is given (in dollars) by D(q). S(q)=q²+10q, D(q)=1152-18q-q² a. Graph the supply and demand curves. Choose the correct graph. S(q) is the solid line, and D(q) is the dashed line. ○ A. 1000- ○ B. Q Q 1000- 1000- b. Find the point at which supply and demand are in equilibrium. The equilibrium point is (18,504). (Type an ordered pair.) c. Find the consumers' surplus. The consumers' surplus is $☐ (Type an integer or decimal rounded to the nearest hundredth as needed.) ○ D. 1000-

Consider the demand function for processed pork in Canada, Qd = = 270.00 - 12p +20p + 3pc +0.002Y The supply function for processed pork in Canada is: Qs p is the price of pork Q is the quantity of pork demanded (measured in millions of kg per year) Solve for the equilibrium price and quantity for pork. The equilibrium price of pork is $ rounded to two decimal places.) = 234.00 + 36p - 60ph Pp is the price of beef = $4 per kg Pc is the price of chicken = $3 per kg Y is the income of consumers = $12,500 Ph is the price of a hog = $1.50 per kg and the equilibrium quantity of pork is million kg per year. (Enter numeric responses using real numbers

The demand and supply functions for a particular commodity are D(x) = 80e-0.001x and S(x)= 30e0.001r , where x is the number of units of the product, D(x) is the price that results in a consumer demand of x units and S(x) is the price that results in a producer supply of x units. a. Find the equilibrium point using your calculator and identify the equilibrium units and price. Give your answers to the nearest whole unit and nearest dollar. The value of x at equilibrium is units. The value of p at equilibrium is b. Determine the consumers' surplus.

es The graph below shows the market for oats. Price per bushel 12 11 10 9 8 10 432 S 4 0 10 50 70 100¹10120 30 90 80 60 40 20 Quantity per period (in millions of bushels) S Tools Sz Prev 4 of 8 # Next >

Can you please help me with this question? Consider the equations and graphs for the demand and supply functions given below. Then answer the following questions. P=5Q^2+72Q P=-Q^2-3Q+20.23 Part A, the maximum point for the curve B is shown in the diagram to the left on the vertical axis. Explain why this is should be the case. Part B, Curve A passes through the origin. Explain why this is usually the case. Part C, Calculate the equilibrium quantity and price: (Answer to 2 decimal places) Note that equilibrium occurs where the quantity demanded = quantity supplied.

Consider the supply and demand curves for taxi rides in the attached graph. Even though the vertical intercept of the supply curve is not labeled, you can infer that it is equal to _______since the supply curve is a straight line and two points on the curve are labeled. (Answer with two digits after the decimal, e.g-, '0.75")

Suppose the demand function for a product is given by pq+p=5000 where p is price in dollars and q is the number of units sold. If the price is $50 and increasing by $2 per week, how is the quantity sold changing?

The demand for pocket calculators is given by the function: P = 6 - 0.5Qd; and the supply is given by the function: 6 = Qs - P; where = Qd = quantity demanded, Qs= quantity supplied and P = price. Calculate the demand and supply for calculators if the market price is $15 per barrel. What problem exists in the economy? What would you expect to happen to price?

Assume that the market of pens consists of three consumers who's demand curves are P=15-0.5Qa. P=5-0.111Qb and P=5-0.2Qc. The supply function given is P=5-0.25Qs.a) calculate the market price and output for pens for the month of March 2023 and show your answer graphically.

At a price of $2.28 per bushel, the supply of barely is 7,500 million bushels and the demand is 7,900 million bushels. At a price of $2.37 per bushel, the supply is 7,900 million bushels and the demand is 7,800 million bushels. (A)Find a price-supply equation of the form p = m x + b. (B)Find a price-demand equation of the form p = m x + b. (C)Find the equilibrium point.