# Challenge question 8 there are three demanders and

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CHALLENGE QUESTION #8There are three demanders and two suppliers in the market for miniature musicaldaiquiri umbrellas. The market is characterized by the tables.What is theequilibrium market priceA.P*= 0.5B.P* = 0.6C.P* = 0.7D.P* = 0.8
CHALLENGE QUESTION #9The demand for six-packs of beer in Chapel Hill is given by QD= 100 -10P and the supply of six-packs of beer is given by QS= 2P, where Q ismeasured in thousands of six-packs.Sketch the market for beer inChapel Hill and calculate the equilibrium price and quantity.
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CHALLENGE QUESTION #10The demand for six-packs of beer in Chapel Hill is given by QD= 100 - 10P and thesupply of six-packs of beer is given by QS= 2P, where Q is measured in thousandsof six-packs. If the current market price is \$10 per six=pack, which of the followingis true?
CHALLENGE QUESTION #11The demand for six-packs of beer in Chapel Hill is given by QD= 100 - 10P and thesupply of six-packs of beer is given by QS= 2P, where Q is measured in thousandsof six-packs. Assume the price of hops increases, decreasing the quantitysupplied by 20 at each price.What will be the new price of a six-pack of beer inChapel Hill?
TICKET OUT THE DOORWhat concept was themost clear today?What concept is stillfuzzy from today?Do you have anyquestions orcomments?
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Term
Fall
Professor
BALABAN
Tags
Chapel Hill