microeconomics

note: please briefly show how to get the results. dont just write final answer.

note: you should Answer each question by providing "(only) one" relevant diagram.

1. The economy falls into recession, and consumer incomes decrease. What happens to the equilibrium price and quantity of apple?
2. The price of "tennis rackets" increases. What happens to the equilibrium price and quantity of "tennis ball"?
3. The price of coca-cola increases. What happens to the equilibrium price and quantity of "Pepsi"?

Using the table below, which describe the labor market, answer the following questions.

4. By using the table below, draw the diagram showing Market equilibrium.

5.From the diagram you drew in (#4), find the equilibrium wage (W") and the equilibrium number of labors. ("Qe).

6.Lets assume you are asked to select a wage rate to protect laborers. Select a wage rate from the table that, you think, is proper. At the wage rate you chose, what are Qd and Qs, respectively?

7.By using QE, Qd, and Qs derived in #5 and #6, list Qe, Qd, and Qs in the order of from the highest to the lowest.

8.The wage rate you selected may be called "minimum wage". Also, how we call it in the context of market disequilibrium pricing?

Wage Rate ($) Labor Demanded (Qd) Labor Supplied (Qs)

2 46 16

4 42 18

6 38 20

8 34 22

10 30 24

12 26 26

14 22 28

16 18 30

18 14 32

20 10 34