Вы находитесь на странице: 1из 2

# Q -#1

B
Equilibrium price is \$9 at 400 unit of product X

C
At price \$7 per unit there is a shortage. And the shortage is 400 units
because at price demand of product x is 600 units whereas quantity of
supply is 200 units {200-600 = -400}

D
At price \$10 per unit there is a surplus. And the surplus is 200 units because
at quantity of demand of product x is 300 units whereas quantity of supply
is 500 units {500-300 = 200}

E
If the supply increases by 200 units per price in the market new equilibrium
price is \$8 at 500 Units

Q-#2
A
The law of supply is satisfied as the price of apples rises because law
of supply is states that there is a direct relationship between a
product's quantity supplied and its price so price is \$2 quantity of
supply is 70,000 Kg. when price increase \$2 to \$3 quantity on demand
also increase 70,000 Kg. to 150,000 Kg.

B
If the supply increase 50,000 Kg at each possible price Supply curve shift
to the right.

## 120,000 Kg. at \$2,

200,000 Kg. at \$3,
280,000 Kg. at \$4