THANK YOU SO VERY MUCH .PLEASE ANSWER ALL THE QUESTIONS.That is all the information I have

The market price of calzones in a college town decreased recently, and the students in an economics class are debating the cause of the price decrease. Some students suggest that the price decreased because a new type of pizza oven enables pizza shops to make a calzone in half the time. Other students attribute the decrease in the price of calzones to a recent decrease in the price of cheeseburgers at local burger joints. Everyone agrees that the decrease in the price of cheeseburgers was caused by a recent decrease in the price of hamburger buns, which are not generally used n making calzones. Assume that pizza parlors and burger joints are entirely separate entitiesthat is, there aren't places that serve both calzones and cheeseburgers. The first group of students thinks the reason for the decrease in the price of calzones is that a new type of pizza oven enables pizza shops to make a calzone in half the time. \fThe second group of students attributes the decrease in the price of calzones to the decrease in the price of cheeseburgers at local burger joints. On the following graph, adjust the supply and demand curves to illustrate the second group's explanation for the decrease in the price of calzones. @ O Supe) Demand _ O [+ S =] 8 Supply o o E N N N N N . -+ 0 = I 3 I | o & i Demand 1 1 1 1 1 Suppose that both of the causes suggested by the students are partly responsible for the decrease in the price of calzones. Based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes is the dominant cause of the decrease in the price of calzones? O If the equilibrium quantity of calzones increases, then the demand shift in the market for calzones must have been larger than the supply shift. O Whichever change occurred first must have been the primary cause of the change in the price of calzones. If the price decrease was small, then the supply shift in the market for calzones must have been larger than the demand shift. O If the equilibrium quantity of calzones increases, then the supply shift in the market for calzones must have been larger than the demand shift. The following graph shows the daily market for wine when the tax on sellers is set at $0 per bottle. Suppose the government institutes a tax of $11.60 per bottle, to be paid by the seller. Jse the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. int: To see the impact of the tax, first enter the value of the tax in the Tax on Sellers field. Adjust the value in the price field to move the green the after-tax equilibrium so that quantity demanded equals quantity supplied. Graph Input Tool ? 100 Market for Wine 90 Price $50 80 (Dollars per bottle) Supply Quantity 70 50.00 Quantity Supplied 50.00 Demanded (Bottles of wine) (Bottles of wine) 60 50 PRICE (Dollars per bottle) Supply Shifter 40 30 Demand Tax on Sellers 0.00 (Dollars per bottle) 20 10 O 0 10 20 30 40 50 60 70 80 90 100 QUANTITY (Bottles of wine)Fill in the following table with the quantity sold and the equilibrium price before and after the tax. Quantity Equilibrium Price (Bottles of wine) (Dollars per bottle) Before Tax : E ] After Tax Although the tax was $11.60 per bottle, after the tax was imposed, the equilibrium price increased by , which represents the amount of the per-unit tax that is paid by the buyers. From this you can conclude that sellers pay the remaining of the $11.60-per- unit tax. he following graph shows the labor market in the fast-food industry in the fictional town of Supersize City. In a labor market, workers supply their ibor to the market in exchange for wages, and their behavior is represented by the supply curve. Similarly, firms pay wages to obtain labor, and thus neir behavior is represented by the demand curve. In this way, wages are the price of labor. Graph Input Tool 20 Market for Labor in the Fast Food Industry 18 I Wage 6 (Dollars per hour) 16 Supply Labor Demanded 900 Labor Supplied 0 14 (Thousands of (Thousands of workers) workers) 12 10 WAGE (Dollars per hour) Co Demand 6 O 0 90 180 270 360 450 540 630 720 810 900 LABOR (Thousands of workers)n this market, the equilibrium hourly wage is , and the equilibrium quantity of labor is : thousand workers. suppose a senator introduces a bill to legislate a minimum hourly wage of $6. This type of price control is called a v . 'or each of the wages listed in the following table, determine the quantity of labor demanded, the quantity of labor supplied, and the direction of ressure exerted on wages in the absence of any price controls. Wage Labor Demanded Labor Supplied (Dollars per hour) (Thousands of workers) (Thousands of workers) Surplus or Shortage of Labor Pressure on Wages ] ] B - ] 8 v v rue or False: A minimum wage above $10 per hour is a binding minimum wage in this market. (Hint: Economists call a minimum wage that prevents he labor market from reaching equilibrium a binding minimum wage.) O True O False Manipulating objects already on the graph Some graphs will allow you to manipulate the endpoints of given lines or curves. When you select an endpoint mover line, the endpoints will appea empty white points that can be selected and moved to one of three prespecified snap points (including the original position). How do I know whether a line on a graph is movable? All endpoint mover objects will be accompanied by a greyed-out, labeled symbol on the palette, like the one shown on the following graph. As with other graphical objects that appear greyed out on the palette, this signifies an object on the graph that you can manipulate. \fImagine the line on the following graph represents the original plan for a slide being built as part of a new playgrou that the slide be steeper, and so they ask to increase the height of the slide (but that the baseline remain the same Adjust the position of the line so that the new plans for the slide reflect the kids\" concern. @ 30 T+ N 25 Slide HEIGHT (Feet) Will the endpoint mover always appear as a straight line? The endpoint mover tool can also be used with a curved line. Suppose the curve on the following graph represents the side view of a hill. In snow piles up on the hill, increasing its height (but leaving the width unchanged). Adjust the position of the curve to reflect the change in the hill shape due to the snow. @ D O HEIGHT (Feet) =1 t 10. The shifter tool Another manipulable graph object The shifter tool is designed to let you answer questions by shifting entire lines or points along a line (or both) from one position to another. You car select any part of the line and drag it to the left or to the right. Once you have moved the point or line far enough, it will snap into one of a few possible positions. Shift the blue demand line (labeled D) to the right. Then position the point along the line so that it reflects the same price as the point along the original line. Note: Select and drag the curve to the desired position. The curve will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a little farther. \fAfter adjusting the location of the line, you now see two lines on the graph; the initial position of the line is now labeled , and the new positio labeled W . Can there be more than one shiftable line? Sometimes you will be given two shiftable lines, in which case you may be required to shift just one, both, or neither of these lines, depending on t instructions. Each graph object with its own separate palette icon will be graded individually. Note: When you are given two lines, the point representing their intersection does not have a palette icon, and this point cannot be moved independently of the lines. Given the following demand (D) and supply (S) lines, shift one or both lines so that the new intersection represented by the black point (plus symb occurs at (3, 5). 10 CO O S Co D 7 'llars per quart) S D N 2 3 5 6 7 8 9 10 QUANTITY (Quarts of raspberries) ue or False: If you shift one of the lines incorrectly and the other correctly, you will receive credit for the correctly shifted line. O True O FalseDemand Supply Green Quantity Quantity Curve Curve Line Demanded Supplied Surplus Shortage Entering 6.00 into the Price field O ] O O O ] O Entering 3.00 into the Price of O O ad O O O O Grapes field Entering 38.00 into the Price of O O O O O O O Champagne field True or False: You can reset the entire graph by selecting outside of the tool. O True O False Suppose the following graph represents a painting on a canvas. Use the black point (plus symbal) to draw the road divider bisecting the road, then use the grey area (star symbol) to shade the road. Afterward, use the green area (triangle symbol) to shade the regions on either side of the road an the blue area (circle symbol) to shade the sky. CANVAS HEIGHT (Inches) CANVAS WIDTH (Inches) + Road Divider Xx Road Grass Sky Selecting anywhere in the shaded region other than the control point will sometimes reveal the area of the shaded region. As with other tool tips, it will not take the graph axes' units into account. Areas are graded based on the shape of the entire filled-in area, not on the specific location of the point defining the area. (There will often be multiple correct placements for the point defining the area.) By selecting the filled-in regions on the graph, you can determine that the area of the canvas covered by the road is equal to E square inches. Which of the following statements are true regarding areas? Check all that apply. [J Each palette icon will always allow you to drag only one fill area onto the graph. (J Areas can be used to shade a region of any shape. J You are graded on the precise location of the point used for the area object, not the filled area it generates. Working with polygons Once you have placed a polygon on the graph, you can adjust its shape by selecting and dragging any of the polygon's endpoints to another snap point. As with lines and curves, you can also select the entire polygon to change its location on the graph without changing its shape. In some cases, you can view the area and perimeter by selecting anywhere within the polygon other than the endpoints. Use the grey polygon (star symbols) to again shade the road, then use the green polygons (triangle symbols) to shade the regions on either side of the road. Road w @ 0 = Grass '_ I o m T 5 CANVAS WIDTH (Inches) True or False: The endpoints of a polygon must conform to snap points, whereas the edges of an area are not confined by snap points. O True O False