Question 1.1-5

1- If supply increases and demand also decreases, we can conclude that the new equilibrium: 2- 0n the diagram for question two, circle the letter that correctly completes the following statement: Let D] and S] represent the original supply and demand curves- If there has he- only an increase in supply, then the new equilibrium point will be ? 3. One of the following equations represents a supply curve and the other a demand curve. You have to decide which is which- Circle the answer for question three that is the closest to being correct. The equations are: 0:15010P Q=100+5.6P What quantitywill he demanded if the market price is forced to be $9? 4. Here is a function that is either a demand function or a supply function (but not both): 0 = 6 + 5F A change occurs so that the following function now represents the situation: 0 = 2 + 5P We can conclude that (circle the appropriate conclusion on the answer sheet). 5- Here is a demand function: Q =15 10P . 0n the answer sheet circle your choice for its marginal revenue (MR) function