Supply and Demand II Assignment Example | Topics and Well Written Essays - 500 words

Supply and Demand II - Assignment specimenDraw this on your graph above.a. (Figure Supply and Demand with Subsidy) Refer to the figure. Suppose a premium allows sellers to rule their product at the price of $8 with a quantity of 400 units. What is the dollar amount of the subsidy per unit of the good?7. True, False, or Uncertain A starving farmer accepting a loan from a moneylender at a 25% interest rate is an example of mutually upright exchange. Give a one-sentence explanation of your answer.b. If the elasticity of take away for spring break packages to Ibiza is -5, and if you notice that this year in Ibiza the quantity of packages demanded increased by 10%, then what happened to the price of Ibiza vacation packages?c. London real res publica developers are building thousands of new student-friendly apartments close to the Strand campus. If you want to pay the lowest rent possible, should you commit that demand for apartments is elastic or inelastic?d. The town council degre es that thousands of apartments close to the Strand campus are uninhabitable and moldiness be torn down next semester. If you want to pay the lowest rent possible, should you hope that demand for apartments is elastic or