I need quality answers

1.What impact will a government subsidy paid to lithium

producers have in the market? Use a supply and

demand diagram in your explanation.

2 If the average price of a ticket was 60, what would be

the value of total revenue?

3. Calculate the change in total revenue for Ng Chocolates

if Ng lowers the price to CNY 16.

4.Should Ng lower the price of their chocolates to

CNY16? Explain your answer.

5. Discuss the main factor in this case that influences the

value of PED.

5. Why is the supply of houses slow to increase in the UK?

6. Describe the problems caused by a lack of supply in the

UK housing market.

7 .If the price increases from US$5 to US$6, what happens

to the amount demanded?

8.What is meant by elastic demand? Use this case as an

example in your explanation.

9.Calculate PED for Hepton Tennis Club membership.

Price elasticity

of demand = Percentage change in quantity demanded ______________________________________

10. What evidence is there in the case to suggest that

demand is elastic in this example?final 40