Please EXPLAIN NUMBER 33 THOROUGHLY SO I CAN UNDERSTAND Questions 22 through 33 are related 22 P F'P' Refer to the article titled Meatpackers Seek to Speed Processing Plants The caption below the first photo reads in part Meatpackers want U S approval to raise processing line speeds by about 25 , aiming to keep pace with demand The caption implies The demand curve has been and is shifting back or down or to the left The demand curve has been and is shifting out or up or to the right The demand curve has not and is not shifting but is becoming steeper, or more inelastic The demand curve has not and is not shifting but is becoming atter, or more elastic None of the above answers is correct Refer to the article titled Meatpackers Seek to Speed Processing Plants The second paragraph reads Meatpackers are seeking U S Department of Agriculture approval to raise processing line speeds by about 25 , aiming to keep pace with growing domestic and international demand for poultry The National Chicken Council, which represents poultry companies, said in a petition filed this month that would mean processing 175 birds a minute or more, up from most plants' current limit of 140 If the Department of Agriculture agrees to the request to increase processing line speeds by 25 and assuming all other factors remain constant, then At every price the quantity supplied will increase by 25 so the supply curve should shift back or up or to the left At every price the quantity supplied will increase by 25 so the supply curve should shift out or down or to the right At every price the quantity supplied will increase by 25 so the supply curve should rotate in or up or to the left At every price the quantity supplied will increase by 25 so the supply curve should rotate out or down or to the right The supply curve should not shift or rotate but the quantity supplied will increase 24 The Demand Curve for chickens is estimated bythe equation (10 11 2 50P while the Supply Curve is estimated by 99999 l3 99999 3 1 99999 99999 99999 the equation as 2 00 4 0P The quantities are measured in billions of chickens per year and the price is measured in dollars per chicken The equilibrium price and quantity of chickens are Price Quantity $1 38 and 7 54 billion $2 00 and 6 00 billion $2 15 and 5 63 billion $3 00 and 12 50 billion $8 67 and 32 67 billion Using the information in question 24, at the equilibrium price and quantity, the amount consumers spend on the product and the industry's revenue are $283 11 billion $37 50 billion $12 09 billion $12 00 billion $10 44 billion Using the information in question 24, at the equilibrium price and quantity, the Consumers' Surplus and Producers' Surplus are respectively Consumers Producers $6 42 billion and $4 01 billion $7 20 billion and $4 50 billion $7 44 billion and $4 65 billion $23 08 billion and $14 42 billion $174 22 billion and $108 89 billion At the equilibrium price and quantity, the Price Elasticity of Demand using the point price elasticity is 0 46 0 60 0 66 0 83 0 96 Assume now the Agriculture Department approves the plan to increase processing line speeds by 25 and as a result, the quantity supplied at any price increases by 25 If all other factors remain constant, the supply cunre would be estimated by as 2 00 4 09 25 23 00 4 09 0 5 2 00 1 25 x 4 0 x 9 2 00 5 09 q 2 00 x 125 4 09 2 50 4 09 o 25 2 00 4 09 0 5 1 09 o 1 25 2 00 4 09 2 50 5 09 29 PEI PF S 999 PEI PF After the approval and using the adjusted supply curve, the new equilibrium price and quantity of chickens are Price Quantity $1 13 and 8 17 billion $1 50 and 7 25 billion $1 60 and 12 50 billion $1 80 and 6 50 billion $1 85 and 6 38 billion Using the information in question 29, at the new equilibrium price and quantity, the amount consumers spend on the product and the industry's revenue are $9 26 billion $10 88 billion $11 70 billion $11 79 billion $20 00 billion Using the information in question 29, at the new equilibrium price and quantity, the Consumers' Surplus and Producers' Surplus are respectively Consumers Producers $6 17 billion and $3 09 billion $7 25 billion and $3 63 billion $7 86 billion and $3 93 billion $8 45 billion and $4 23 billion $13 33 billion and $6 67 billion 32 At the adjusted equilibrium price and quantity, the Price Elasticity of Demand using the point price elasticity is PEI PF 43 32 O 35 O 52 43 69 43 73 33 The 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 Is the statement t true, or false, or Indeterminate and briey explain your

Question

Please EXPLAIN NUMBER 33 THOROUGHLY SO I CAN UNDERSTAND  Questions 22 through 33 are related  22  P F'P' Refer to the article titled  Meatpackers Seek to Speed Processing Plants    The caption below the first photo reads in part   Meatpackers want U S  approval to raise processing line speeds by about 25 , aiming to keep pace with demand    The caption implies  The demand curve has been and is shifting back or down or to the left  The demand curve has been and is shifting out or up or to the right  The demand curve has not and is not shifting but is becoming steeper, or  more   inelastic  The demand curve has not and is not shifting but is becoming atter, or  more   elastic  None of the above answers is correct  Refer to the article titled  Meatpackers Seek to Speed Processing Plants    The second paragraph reads   Meatpackers are seeking U S  Department of Agriculture approval to raise processing line speeds by about 25 , aiming to keep pace with growing domestic and international demand for poultry  The National Chicken Council, which represents poultry companies, said in a petition filed this month that would mean processing 175 birds a minute or more, up from most plants' current limit of 140    If the Department of Agriculture agrees to the request to increase processing line speeds by 25  and assuming all other factors remain constant, then  At every price the quantity supplied will increase by 25  so the supply curve should shift back or up or to the left  At every price the quantity supplied will increase by 25  so the supply curve should shift out or down or to the right  At every price the quantity supplied will increase by 25  so the supply curve should   rotate   in or up or to the left  At every price the quantity supplied will increase by 25  so the supply curve should   rotate   out or down or to the right  The supply curve should not shift or   rotate   but the quantity supplied will increase     24  The Demand Curve for chickens is estimated bythe equation (10   11 2 50P while the Supply Curve is estimated by 99999 l3 99999 3 1 99999 99999 99999 the equation  as    2 00   4 0P  The quantities are measured in billions of chickens per year and the price is measured in dollars per chicken  The equilibrium price and quantity of chickens are  Price Quantity $1 38 and 7 54 billion  $2 00 and 6 00 billion  $2 15 and 5 63 billion  $3 00 and 12 50 billion  $8 67 and 32 67 billion    Using the information in question 24, at the equilibrium price and quantity, the amount consumers spend on the product and the industry's revenue are  $283 11 billion  $37 50 billion  $12 09 billion  $12 00 billion  $10 44 billion    Using the information in question 24, at the equilibrium price and quantity, the Consumers' Surplus and Producers' Surplus are respectively  Consumers Producers $6 42 billion and $4 01 billion  $7 20 billion and $4 50 billion  $7 44 billion and $4 65 billion  $23 08 billion and $14 42 billion  $174 22 billion and $108 89 billion    At the equilibrium price and quantity, the Price Elasticity of Demand  using the   point price elasticity   is  0 46 0 60 0 66 0 83 0 96   Assume now the Agriculture Department approves the plan to increase processing line speeds by 25  and as a result, the quantity supplied at any price increases by 25   If all other factors remain constant, the supply cunre would be estimated by  as   2 00   4 09   25   23 00   4 09 0 5  2 00    1 25 x 4 0 x 9    2 00   5 09 q     2 00 x 125    4 09   2 50   4 09 o    25  2 00   4 09     0 5   1 09 o    1 25  2 00   4 09    2 50   5 09    29  PEI PF     S 999   PEI PF    After the approval and using the adjusted supply curve, the new equilibrium price and quantity of chickens are  Price Quantity $1 13 and 8 17 billion  $1 50 and 7 25 billion  $1 60 and 12 50 billion  $1 80 and 6 50 billion  $1 85 and 6 38 billion  Using the information in question 29, at the new equilibrium price and quantity, the amount consumers spend on the product and the industry's revenue are  $9 26 billion  $10 88 billion  $11 70 billion  $11 79 billion  $20 00 billion    Using the information in question 29, at the new equilibrium price and quantity, the Consumers' Surplus and Producers' Surplus are respectively  Consumers Producers $6 17 billion and $3 09 billion  $7 25 billion and $3 63 billion  $7 86 billion and $3 93 billion  $8 45 billion and $4 23 billion  $13 33 billion and $6 67 billion  32  At the adjusted equilibrium price and quantity, the Price Elasticity of Demand  using the   point price elasticity   is  PEI PF    43 32  O 35  O 52 43 69 43 73 33  The 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  Is the statement t true, or false, or Indeterminate and briey explain your

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Please EXPLAIN NUMBER 33 THOROUGHLY SO I CAN UNDERSTAND. Questions 22 through 33 are related. 22. P-F'P' Refer to the article titled Meatpackers Seek to

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