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A. For Nami, a seller of bottled water in the market, the supply function is given as Qs=5+5. Solve for the quantity supplied at each
A. For Nami, a seller of bottled water in the market, the supply function is given as Qs=5+5. Solve for the quantity supplied at each given price. 10 points Prices QS P 0.00 P 2.00 P 4.00 P 6.00 P 8.00 P 10.00 P 12.00 P 14.00 P 16.00 B. Based on this schedule, construct the supply curve of Rudolf. 5 points1. Market Equilibrium.( 10 points) a. Plot the following hypothetical market demand and supply schedules for Coffee: Quantity Price Quantity Demanded Supplied ( Units in (Peso) ( Units in hundred) hundred) 1 P30.00 7 2 25.00 6 3 20.00 5 4 15.00 4 5 10.00 3 6 5.00 2 b. What is the equilibrium price? Equilibrium quantity? 2. Price Equilibrium. (10 points) Requirements: Qd = 250,000 - 45,000P 1. Show your solutions Qs = -170,000 + 25,000P 2. Encircle your answers Solve the following: a. Qd = Qs b. What are the values of Qd and Qs if P = 2,4,6,8, and 10
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