Calculate the price elasticity of supply for butter at the breakeven point, where the supply curve is QS = - 20 + 10p and the demand curve is QD = 400 - 20p. (5 points) A)2.33 B)1.17 C)-0.42 D)-0.86 

Assume that the orange juice market is competitive and in equilibrium. Due to climatic changes in the country, the Ministry of Health recommends drinking more orange juice to avoid getting influenza. Keeping the rest constant, what happens in the orange juice market with this recommendation? Immersive reader

(5 points)

An increase in the supply of orange juice and an increase in the equilibrium price.

An increase in the demand for orange juice and a decrease in the equilibrium price

An increase in the demand for orange juice and an increase in the equilibrium price

An increase in the supply of orange juice and the price remains const

According to the price elasticity of supply and demand for butter at the equilibrium point, where the supply curve is QS = - 20 + 10p and the demand curve is QD = 400 - 20p, what can you say about the elasticities of the supply and demand curves: Hint: perform the analysis of elasticities in absolute value (5 points) The supply and demand curves are equally elastic in equilibrium The supply curve is inelastic and the demand curve is elastic The demand curve is more elastic than the supply curve The demand curve is less elastic than the supply curve 

It has been observed that when the price of antibacterial gel increases 15%, the quantity demanded of wet wipes increases 20%. Holding everything else constant, what is the cross-price elasticity of demand for wet wipes, and what is the relationship between these two goods?

(5 points)

1.33 and these goods are complementary.

5 and these goods are substitutes.

0.75 and these goods are complementary.

1.33 and these goods are substitutes.

What happens to the equilibrium price and quantity of butter when the supply curve, originally QS = - 20 + 10p, decreases by 20%, and the demand curve, which is QD = 400 - 20p, remains constant? Hint: the quantity supplied in this new scenario is 0.8 * QS, where QS is the initial supply curve Immersive reader (5 points) The price goes up to 14.9 and the quantity goes down to 103.2. The price drops by 20% and the quantity goes up by 20% Price goes up 20% and quantity goes down 20% The price goes up to 99 and the quantity goes down to 202 

Calculate the price elasticity of demand for butter at the equilibrium point, where the supply curve is QS = - 20 + 10p and the demand curve is QD = 400 - 20p. (5 points) -2.33 -1.17 0.42 0.86