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Hi, I'm trying to figure out #2 for AP Micro. Any help on the other problems would be appreciated but not needed. Question 1 100

Hi, I'm trying to figure out #2 for AP Micro. Any help on the other problems would be appreciated but not needed.

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Question 1 100 pts . Then upload your answer by either scanning or other methods. You will have 30 minutes to complete this entire process (download, answer, upload) from the time you open this question. 1. An American snack, Little Debbie Nutty Bars, are very popular. The Surgeon General, siting various new reports, has issued a statement saying that eating Little Debbie Nutty Bars decreasing your chances of getting cancer by 33%. a. Draw a S/D graph for Nutty Bars labels all parts. b. Show the effects (shift) of the above situation on the S/D graph for Nutty Bars labeling all new points if there is a change. c. State the determinate used to defend your answer 2. Draw another supply and demand curve for Nutty Bars using the following table labeling all parts. Price Quantity Demanded Quantity Supplied $1 200 10 $5 100 100 $10 10 200 Label equilibrium price P and quantity Q. Label the area for producer surplus A and consumer surplus B. Calculate the total consumer surplus. show your work! 3. Draw a supply/demand graph with an EP of $5 and and EQ of 50. Now the imposes a restriction that limits the quantity that can be produced to 30. On the graph shade the area representing the deadweight loss. 4. Use the chart below to answer the following questions: Price of good A Quantity of good A demanded Quantity of good B demanded $10 100 5 $8 110 10 a. Calculate the price elasticity of demand between good A and good B, show your work. b. Given your answer to a. above what does it tell you about the relationship between the two goods

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