The following table is a demand and a supply schedule for pens.
Price
AED
Quantity
Demanded
Per day
Quantity
Supplied
Per day
1
28
4
2
24
8
3
20
12
4
16
16
5
12
20
Using the table above, respond to the following:
1. Plot the demand and supply curves for the pens market and label the axis and each curve. On the graph show the equilibrium point. (2 marks)
2. Determine the equilibrium price and quantity (1 mark)
3. At the equilibrium price, is there a surplus or shortage and how much is it. (1 mark)
4. At price AED 3, describe the situation of the market and show it on the figure. (1 mark)
5. From question 4 above, how much is this surplus or shortage? (0.5 marks)
6. In this case, will the price increase or decrease? (0.5 marks)
it is one of the most important farming areas in the united states. along with farming, the region has a huge manufacturing industry. the midwest region's climate and natural resources are important to its economy. the eastern part of the region has a lot of rainfall.
Answer from: Quest
answer; /// representative democracy restricting trade,is your correct answer;
Answer from: Quest
answer; i believe the first answer to be (independent; /// and the second answer is (french); good luck
Answer from: Quest
Taking a shower. why is cause as you shower the water is running more than taking a bath, washing a load of dishes or brushing your teeth. water is being used more by taking a shower and depending on how many people live in the household that take showers. some take a shower twice a day.
3. suppose most animals behaved in a certain way. would that provide evidence that it is natural for us to follow their lead? if so, what implications would this have for natural law theory? .