I need help about this! included economic graphs, 7 questions!
According to the following graph: Price $6.00 5.00 2.00 25 45 60 Quantity a binding price floor would exist at a price of: A $2.00 @ All of the above None of the above D $6.00 E $5.00 As shown in Exhibit, the firm will produce in the short run if the price per unit is at least equal to: 40 / MC ATC 20 40 60 80 100 A $15. @ $30. $20. @ $10.Question Victor Xiang is the only seller of hiking poles in a small town. The following graph shows the demand and marginal revenue (MR) curves facing Victor. PRICE [Dollars per pole) 100 MR Demand 1 2 3 4 5 6 7 8 9 10 QUANTITY [Thousands of hiking polesper year) If Victor sells 2,000 poles at the highest price consumers are willing to pay according to the demand curve, his average revenue will be Blank 1 dollar per pole Blank 1 |Add your answer Question Suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon. Prompts Submitted Answers 0 binding price floor O binding price floor The government prohibits gas stations Choose a match from selling gasoline for more than $3.40 O not binding price floor O not binding price floor per gallon. O binding price ceiling O binding price ceiling The government has instituted a legal Choose a match minimum price of $4.50 per gallon for O no correct answer O no correct answer gasoline. O not binding price ceiling O not binding price ceiling Question Rent controls force landlords to price apartments below the equilibrium price level. An mmediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated price. When cities prevent landlords from charging market rents, which of the following are common long-run outcomes? Check all that apply. A) The quality of rental housing units falls. Nonprice methods of rationing emerge. The future supply of rental housing units increases. D) The quantity of available rental housing units falls.Test Content Refer to Graph: Price ATC /AVC PA P. - Q: Q4 Quantity Firms would be encouraged to enter this market for all prices that exceed: A P4 @ all of the above P5 D P3 Refer to the following graphs: [e) Quantity Quardity Price [c] Quartity In which market will the tax be most equally divided between the buyer and the seller? A) all of the above market b market c D) market a