In: Economics
1).Find the percent change for each. (1-5)
1.67 to 2.94
3.05 to 2.7
1.65 to 1.77
1.90 to 0.76
2.) USE SEPERATE GRAPHS FOR EACH.
GRAPH. Find Equilibrium Price and Quantity. A simple market has the demand curve of
Qd= 104-2p and a Qs= -24+8p.
3.)GRAPH. Find Consumer, Producer and Total Surplus for this market.
Qd= 104-2p and a Qs= -24+8p.
4.)GRAPH. Qd= 104-2p and a Qs= -24+8p. How is this free market effected if the number of buyers increased? Explain