explain what is happening in the market for leather belts. indicate the impact if any on demand, supply, price and quantity. concern about health and diet shifts the demand curve for beef leftward. beef and leather belts are complements in production.

suppose that the supply and demand schedules for a product are as follows

price quantity demanded quantity supplied

$1 1200 0

$5 1000 100

$10 800 200

$15 600 300

$20 400 400

$25 200 500

$30 0 600

the equilibrium price is .......................... and the equilibrium quantity is ?

the buyers reservation price is? and teh sellers reservation price is?

the consumer surplus when the market is in equilibrium is? and the producer surplus is?

if a price floor is imposed on the market, based on the table the maximum priced that could be charged is?

the quantity traded after the imposition of the price floor is?

the deadweight loss after the imposition of the rice floor is?

2. how would the following situation affect a nations production possibility curve.

a switch to online delivery increases access to education in the nations colleges and university. what happens to PPF.

the quality of education in the nations colleges and university increase greatly.

3.