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Answer the following five questions about demand and supply. Part A Draw a hypothetical demand curve for tickets to a particular rock concert. Use the
Answer the following five questions about demand and supply. Part A Draw a hypothetical demand curve for tickets to a particular rock concert. Use the drop box to upload an image or file containing your demand curve. (3 points) 1 T 1 Upload files Supported file formats: PDF, JPG, GIF, PNG, CSV, RTF, TXT, XPS, ZIP, Word, Excel, Powerpoint, Publisher, Open Office 0 / 12 File Limit Part B Use the demand curve from Part A to show where the equilibrium price will be if the supply of rock-concert tickets is perfectly inelastic at a quantity of 30,000. Use the drop box to upload an image or file containing your demand curve. (3 points) 1 Upload files Supported file formats: PDF, JPG, GIF, PNG, CSV, RTF, TXT, XPS, ZIP, Word, Excel, Powerpoint, Publisher, Open Office 0 / 12 File Limit\fPart A Draw a hypothetical supply-and-demand curve that shows the equilibrium price for leather jackets. Be sure to label your graph completely. Use the drop box to upload an image or file containing your supply-and-demand curve. (3 points) Upload files Supported file formats: PDF, JPG, GIF, PNG, CSV, RTF, TXT, XPS, ZIP, Word, Excel, Powerpoint, Publisher, Open Office 0 / 12 File LimitPart C Use a graph and written description to explain how a market adjusts to a new equilibrium when wages increase. Use the drop box to upload an image or file containing your graph and written description. (6 points) T 1 Upload files Supported file formats: PDF, JPG, GIF, PNG, CSV, RTF, TXT, XPS, ZIP, Word, Excel, Powerpoint, Publisher, Open Office 0 / 12 File Limit Part D Use a graph and written description to explain why a price floor leads to a surplus. Use the drop box to upload an image or file containing your graph and written description. (3 points) T 1 Upload files Supported file formats: PDF, JPG, GIF, PNG, CSV, RTF, TXT, XPS, ZIP, Word, Excel, Powerpoint, Publisher, Open Office 0 / 12 File Limit
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