Give correct answers please.
Mindanao is a beautiful a place, unfortunately it is marred with a negative image. Northern Mindanao, in particular, is endowed with scenic tourist spots. Give a speech convincing people to choose Mindanao as their holiday destination.
2. Suppose we have the demand and supply schedule for ice cream in the free market: Price Quantity Demanded(Quarts) Quantity Supplied(Quarts) $6 20 90 $4 60 60 $2 100 30 Please answer questions 10a through 10e below: 2a. Draw the demand and supply curves for ice cream and label price on the y-axis and quantity on the x-axis. Label the demand curve D and the supply curve S. 2bWhat is the equilibrium price and equilibrium quantity of ice cream? Why? 2c. At a price of $2, do we have a shortage or a surplus of ice cream? Explain why we have a shortage or a surplus of ice cream. What will the ice cream company do to get back to the equilibrium price? 2d. At a price of $6, do we have a shortage or a surplus of ice cream? Explain why we have a shortage or a surplus of ice cream. What will the ice cream company do to get back to the equilibrium price? 2e. Calculate the consumer surplus and the produce surplus at the equilibrium price. Also, what is the total surplus at the equilibrium price? Label and shade Consumer Surplus (CS) and Producer Surplus (PS) on the graph at the equilibrium price and quantity."Demand and Supply and Market Equilibrium" MICRO PROBLEMS # of DVDs Price per # of DVDs Demanded Amount of Surplus (+) DVD Supplied 200 or Shortage (-) $15 100 175 18 125 140 21 140 130 24 155 100 27 175 75 30 200 1. Fill in the "Amount of Surplus or Shortage" column above and answer the following questions: a. What is the equilibrium price and quantity? b. Where does a surplus occur? Where does a shortage occur? C. "Surpluses drive prices up: shortages drive them down." Do you agree? d. Graph the demand and supply curves, using the table above-be sure to label the curves. Label the equilibrium point (E). e. Using the graph from part d, show an increase in demand and an increase in supply. Label the new equilibrium point (E'). List two reasons that might have been behind these changes. f. Now suppose the government establishes a ceiling price-show this graphically in relation to the equilibrium points. List two reasons why the government might establish a ceiling price. 9. Now assume the government establishes a floor (supported) price-show this geographically in relation to the equilibrium points. List two reasons why the government might take this action. h . At a price floor (support) of $27, what happens in the market? i . If the quantity supplied increased by 50 DVDs at every price, what would be the new equilibrium price and quantity?Let R; denote the return on security i given by the following multifactor model K; =d; + bill + bialy + ... + billz + ci a; and c; are the constant and random parts respectively of the component of the return unique to security i. 1, ... It are the changes in a set of L indices. bax is the sensitivity of security i to factor k. (i) State the category of the above model where: (a) index I is a price index index 2 is the yield on government bonds index 3 is the annual rate of economic growth (h) index I is the level of Research and Development expenditure index 2 is the price earnings ratio [2] (ii) Determine the number of parameters to be estimated in a single index model and in a multifactor model. [4]The following Table shows the weekly demand and supply schedules for wheat in a competitive market: Price Quantity demanded Quantity supplied (U S dollars per tonne) (Tonnes \"f wheat per week) (Tonnes of wheat per week) $10 1000 200 $20 300 400 $30 500 600 $40 400 300 $50 200 1000 a). Draw the demand and supply curves for wheat. b). Calculate the size of the shortage or the squlus at a price of $20 per tonne. 0}. Calculate the size of the shortage or the Surplus at a price of $50 per tonne. d). What is the equilibrium price and quantity? e). Assume that the demand for wheat increases by 100 tonnes per week at all prices. Draw the new demand curve. f). Calculate the size of the shortage or the surplus at the original equilibrium price. g). What is the new equilibrium price and quantity? h). Has the equilibrium quantity increased by more or less than the 100 tonnes per week increase in demand? i). Assume that, with the new demand, supply now changes by an equal amount at all prices. By what amount would supply have to change in order to restore the original equilibrium price? j). By what amount would supply have to change in order to restore the original equilibrium quantity
