Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i. Graph the movement along the demand curve when the price of hamburgers fails from Plou to P/40 per unit. Explain the movement of the

image text in transcribedimage text in transcribed
i. Graph the movement along the demand curve when the price of hamburgers fails from Plou to P/40 per unit. Explain the movement of the demand curve 2. Graph the shifts of the demand curve when buyer would choose to buy 70,000 instead of 60,000 hamburgers at price P/40. Explain the shift of the demand curve. C. Analysis of Supply. . Below is the supply schedule for hamburgers. Use this supply schedule for Questions number 1 &2. Write your answers in a graphing paper. Price ( pesos per unit) Quantity Supplied (units per week) 0 0 10 10,000 20 20,000 30 30,000 40 40,000 50 50,000 60 60,000 70 70,000 80 80, 000 90 90,000 100 100,00 1.Graph the movement along the supply curve when the price of hamburger rises from P/40 to Pjou per unit. Explain the movement of the supply curve. 2. Graph the shifts of the supply curve when the seller would choose to sell 50,000 instead of 40,000 hamburgers at price P/40. Explain the shift of the supply curve.A. Directions: Plot the following hypothetical demand schedule of pork and supply schedule of bangus in the market in a graphing paper and explain each graph. 15 points each. (10 points for the graph and 5 points for the explanation) Price of Beef (Per Kilo) Quantity Demanded (In Kilos) P 150.00 90 P 140.00 100 P 100.00 130 P 75.00 150 P 60.00 170 P 40.00 200 Price of Bangus (Per Kilo) Quantity Supplied (In Thousands) P 120.00 700 P 100.00 650 P 90.00 600 P 75.00 500 P 60.00 400 P 50.00 300 B. Analysis of Demand . Below is the demand schedule for hamburgers. Use this demand schedule for Questions number 1 &2. Write your answers in a graphing paper. Price ( pesos per unit) Quantity Demanded (units per week) O 10 10,000 20 20,090 30 39.090 40 40,000 50 50,090 60 60 000 70 70,000 80 80, 090 90 90,800 190,00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Economy Of Cities

Authors: Jane Jacobs

1st Edition

039470584X, 9780394705842

More Books

Students also viewed these Economics questions

Question

Using your experimental results, find the sum of H 1 and H 2 .

Answered: 1 week ago

Question

1. Maintain my own perspective and my opinions

Answered: 1 week ago