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Help me with all of these questions please iv} On Halloween Day. demand increases by 15000 pumpkins. What is the equilibrium price of a pumpkin
Help me with all of these questions please
iv} On Halloween Day. demand increases by 15000 pumpkins. What is the equilibrium price of a pumpkin on Halloween Day when the sellers plan to increase the normal supply by 3000 pumpkins? Complete the table to show your result. 10 marks Quantity demanded Quantity supplied New quantity New quantity demanded supplied (Pumpkins per week) 40000 65000 63 000 60000 58000 43 000 29000 Q3 Consider the following estimated price, cross and income elasticity for selected commodities in the Canadian market. Fill in the blanks based on the fact whether the a) Demand is elastic, inelastic etc. b) Products are substitutes or complements c) Products are inferior, normal or independent Estim and cos Infants 9 elastici and es 0 aods/ reners: i) 114 for juice is 2.4. The demand for juice is -- ii) Ed for salt is 0.15. The demand for salt is... E}, for mixed fruit is 3.25. This product is Ex}. for cheese and butter is -0.25. These products are Ed for life saving medicine = 0. Demand for medicine is ET}. for electricity and natural gas is 1.2. These products are E3. for whole wheat bread is -0.5. This product is ET}, for onion and laptop is 0. These products areStep by Step Solution
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