PLEASE ANSWER # 43 ONLY.
_| L New Demand Curve for Questions 34 through 43. 34. Assume an alternative Demand Cum for chickens is estimated by the equation (In = 15.60 4.80P with quantity measured in billions of chickens per year and price measured in dollars per chicken. The Supply Curve remains the same at: Qs= 2.IJI + 4.0P. The equilibrium price and quantityof chickens are: Price Quantity a. $1.47 and 8.56 billion. b. $1.55 and 8.18 billion. c. $1.64 and 7.73 billion. d. $1.77 and 5.09 billion. e. $2.00 and 6.00 billion. 35. Using the information in question 34, at the equilibrium price and quantity, the amount consumers spend on the product and the industry's revenue are: a. $9.02 billion. b. $12.00 billion. c. $12.55 billion. d. $12.64 billion. e. $12.67 billion. 36. Using the information in question 34, at the equilibrium price and quantity, the Consumers' Surplus and Producers' Surplus are respectively: Consumers Producers a. $3.75 billion and $4.50 billion. b. $4.10 billion and $4.92 billion. c. $5.71 billion and $6.85 billion. d. $5.75 billion and $6.90 billion. e. $5.86 billion and $7.01 billion. 37. At the equilibrium price and quantity, the Price Elasticity of Demand [using the \"point price elasticity\"] is: a. -0.82 b. 43.91 c. -1.02 d. 4.60 e. 4.67 38. Assume now the Agriculture Department approves the plan to increase processing-line speeds by2596 and as a result, the quantity supplied at any price increases by 25%. If all other factors remain constant, the supply curve would be estimated by: a, as: 2.on + 4.0P + 25 = 23.00 +4-IJP b. as: z.on + [1.25 x 4.0 x P] = z.on + 5.0P c. Q5: [2.no x 1.25] + up = 2.sn + 4.0p d. Q: =.25 [2.00 + 4.09] = -o.5 + 1.0P e. Q: = 1.25 [2.00 + up] = 2.50 + 5.09 _| 39. After the approval and using the adjusted supply curve, the new equilibrium price and quantity of chickens are: Price Quantity $0.82 and 11.66 billion. $1.46 and 8.61 billion. $1.59 and 5.95 billion. $1.85 and 6.73 billion. $1.96 and 6.19 billion. carry 40. Using the information in question 39, at the new equilibrium price and quantity, the amount consumers spend on the product and the industry's revenue are: $9.46 billion. $9.56 billion. $12.14 billion. $12.44 billion. $12.54 billion. 999?? 41. Using the information in question 39, at the new equilibrium price and quantity, the Consumers' Surplus and Producers' Surplus are respectively: Consumers Producers $4.72 billion and $4.54 billion. $4.83 billion and $4.63 billion. $4.88 billion and $4.68 billion. $6.19 billion and $5.94 billion. $6.40 billion and $6.14 billion. 999?? ie . At the adjusted equilibrium price and quantity, the Price Elasticity of Demand [using the \"point price elasticitf'] is: 43.34 43.81 4.23 4.32 -1.52 999?? 43. 111e last sentence of the article reads: \"'No one benefits but industry,\" said Stan Painter, a USDA meat inspector for more than 30 years and chairman of a food inspectors' union'. The comment refers to the proposed increase in processing-line speed. Given your answers to questions 34 through 42, is the statement t true, or false, or Indeterminate and briefly explain your
