SlideShare a Scribd company logo
The inverse supply equation for clay pots is P=0.5QS+1; the inverse demand equation is P=2QD+
15. Quantity is in thousands of units. A . Calculate the equilibrium price and quantity. B. Draw the
demand and supply curves (label the axis, vertical intercept, horizontal intercept, consumer
surplus, and producer surplus) C. Calculate consumer surplus and producer surplus.

More Related Content

More from kashishkochhar5

please use c 146 Temperature Conversions Write a tempera.pdf
please use c 146 Temperature Conversions Write a tempera.pdfplease use c 146 Temperature Conversions Write a tempera.pdf
please use c 146 Temperature Conversions Write a tempera.pdf
kashishkochhar5
 
On January 1 Monty Corp had 55400 shares of nopar common.pdf
On January 1 Monty Corp had 55400 shares of nopar common.pdfOn January 1 Monty Corp had 55400 shares of nopar common.pdf
On January 1 Monty Corp had 55400 shares of nopar common.pdf
kashishkochhar5
 
Mitentipta 16 Application of Time Value of Money skisis Gav.pdf
Mitentipta 16 Application of Time Value of Money skisis Gav.pdfMitentipta 16 Application of Time Value of Money skisis Gav.pdf
Mitentipta 16 Application of Time Value of Money skisis Gav.pdf
kashishkochhar5
 
Many documents use a specific format for a persons name Wr.pdf
Many documents use a specific format for a persons name Wr.pdfMany documents use a specific format for a persons name Wr.pdf
Many documents use a specific format for a persons name Wr.pdf
kashishkochhar5
 
2 Given the following documents 6 D1 bsbj use term id D2 .pdf
2 Given the following documents 6 D1 bsbj use term id D2 .pdf2 Given the following documents 6 D1 bsbj use term id D2 .pdf
2 Given the following documents 6 D1 bsbj use term id D2 .pdf
kashishkochhar5
 
Let X1Xn be a random sample from a Binomial1 populatio.pdf
Let X1Xn be a random sample from a Binomial1 populatio.pdfLet X1Xn be a random sample from a Binomial1 populatio.pdf
Let X1Xn be a random sample from a Binomial1 populatio.pdf
kashishkochhar5
 
MyPillowcom usa publicidad televisiva y deseaba ver si los .pdf
MyPillowcom usa publicidad televisiva y deseaba ver si los .pdfMyPillowcom usa publicidad televisiva y deseaba ver si los .pdf
MyPillowcom usa publicidad televisiva y deseaba ver si los .pdf
kashishkochhar5
 
Laurel Enterprises expects earnings next year of 413 per s.pdf
Laurel Enterprises expects earnings next year of 413 per s.pdfLaurel Enterprises expects earnings next year of 413 per s.pdf
Laurel Enterprises expects earnings next year of 413 per s.pdf
kashishkochhar5
 
Identify secondary data sources for the following be specif.pdf
Identify secondary data sources for the following be specif.pdfIdentify secondary data sources for the following be specif.pdf
Identify secondary data sources for the following be specif.pdf
kashishkochhar5
 
Kapan Vakas Lenovoda Kresel Strateji Dnyann en iyi kiise.pdf
Kapan Vakas Lenovoda Kresel Strateji  Dnyann en iyi kiise.pdfKapan Vakas Lenovoda Kresel Strateji  Dnyann en iyi kiise.pdf
Kapan Vakas Lenovoda Kresel Strateji Dnyann en iyi kiise.pdf
kashishkochhar5
 
Income statement Use the data from the following financial .pdf
Income statement Use the data from the following financial .pdfIncome statement Use the data from the following financial .pdf
Income statement Use the data from the following financial .pdf
kashishkochhar5
 
ABCDE Inc has three divisions AB CD and E All fixed cos.pdf
ABCDE Inc has three divisions AB CD and E All fixed cos.pdfABCDE Inc has three divisions AB CD and E All fixed cos.pdf
ABCDE Inc has three divisions AB CD and E All fixed cos.pdf
kashishkochhar5
 
I have come code already but I cant quite get the output rig.pdf
I have come code already but I cant quite get the output rig.pdfI have come code already but I cant quite get the output rig.pdf
I have come code already but I cant quite get the output rig.pdf
kashishkochhar5
 
Archeologists have studied sizes of Egyptian skulls in an at.pdf
Archeologists have studied sizes of Egyptian skulls in an at.pdfArcheologists have studied sizes of Egyptian skulls in an at.pdf
Archeologists have studied sizes of Egyptian skulls in an at.pdf
kashishkochhar5
 
A3 Benjamin a 21yearold male is brought to the emergency.pdf
A3 Benjamin a 21yearold male is brought to the emergency.pdfA3 Benjamin a 21yearold male is brought to the emergency.pdf
A3 Benjamin a 21yearold male is brought to the emergency.pdf
kashishkochhar5
 

More from kashishkochhar5 (15)

please use c 146 Temperature Conversions Write a tempera.pdf
please use c 146 Temperature Conversions Write a tempera.pdfplease use c 146 Temperature Conversions Write a tempera.pdf
please use c 146 Temperature Conversions Write a tempera.pdf
 
On January 1 Monty Corp had 55400 shares of nopar common.pdf
On January 1 Monty Corp had 55400 shares of nopar common.pdfOn January 1 Monty Corp had 55400 shares of nopar common.pdf
On January 1 Monty Corp had 55400 shares of nopar common.pdf
 
Mitentipta 16 Application of Time Value of Money skisis Gav.pdf
Mitentipta 16 Application of Time Value of Money skisis Gav.pdfMitentipta 16 Application of Time Value of Money skisis Gav.pdf
Mitentipta 16 Application of Time Value of Money skisis Gav.pdf
 
Many documents use a specific format for a persons name Wr.pdf
Many documents use a specific format for a persons name Wr.pdfMany documents use a specific format for a persons name Wr.pdf
Many documents use a specific format for a persons name Wr.pdf
 
2 Given the following documents 6 D1 bsbj use term id D2 .pdf
2 Given the following documents 6 D1 bsbj use term id D2 .pdf2 Given the following documents 6 D1 bsbj use term id D2 .pdf
2 Given the following documents 6 D1 bsbj use term id D2 .pdf
 
Let X1Xn be a random sample from a Binomial1 populatio.pdf
Let X1Xn be a random sample from a Binomial1 populatio.pdfLet X1Xn be a random sample from a Binomial1 populatio.pdf
Let X1Xn be a random sample from a Binomial1 populatio.pdf
 
MyPillowcom usa publicidad televisiva y deseaba ver si los .pdf
MyPillowcom usa publicidad televisiva y deseaba ver si los .pdfMyPillowcom usa publicidad televisiva y deseaba ver si los .pdf
MyPillowcom usa publicidad televisiva y deseaba ver si los .pdf
 
Laurel Enterprises expects earnings next year of 413 per s.pdf
Laurel Enterprises expects earnings next year of 413 per s.pdfLaurel Enterprises expects earnings next year of 413 per s.pdf
Laurel Enterprises expects earnings next year of 413 per s.pdf
 
Identify secondary data sources for the following be specif.pdf
Identify secondary data sources for the following be specif.pdfIdentify secondary data sources for the following be specif.pdf
Identify secondary data sources for the following be specif.pdf
 
Kapan Vakas Lenovoda Kresel Strateji Dnyann en iyi kiise.pdf
Kapan Vakas Lenovoda Kresel Strateji  Dnyann en iyi kiise.pdfKapan Vakas Lenovoda Kresel Strateji  Dnyann en iyi kiise.pdf
Kapan Vakas Lenovoda Kresel Strateji Dnyann en iyi kiise.pdf
 
Income statement Use the data from the following financial .pdf
Income statement Use the data from the following financial .pdfIncome statement Use the data from the following financial .pdf
Income statement Use the data from the following financial .pdf
 
ABCDE Inc has three divisions AB CD and E All fixed cos.pdf
ABCDE Inc has three divisions AB CD and E All fixed cos.pdfABCDE Inc has three divisions AB CD and E All fixed cos.pdf
ABCDE Inc has three divisions AB CD and E All fixed cos.pdf
 
I have come code already but I cant quite get the output rig.pdf
I have come code already but I cant quite get the output rig.pdfI have come code already but I cant quite get the output rig.pdf
I have come code already but I cant quite get the output rig.pdf
 
Archeologists have studied sizes of Egyptian skulls in an at.pdf
Archeologists have studied sizes of Egyptian skulls in an at.pdfArcheologists have studied sizes of Egyptian skulls in an at.pdf
Archeologists have studied sizes of Egyptian skulls in an at.pdf
 
A3 Benjamin a 21yearold male is brought to the emergency.pdf
A3 Benjamin a 21yearold male is brought to the emergency.pdfA3 Benjamin a 21yearold male is brought to the emergency.pdf
A3 Benjamin a 21yearold male is brought to the emergency.pdf
 

Recently uploaded

The Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptxThe Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptx
DhatriParmar
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
Jisc
 
Unit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdfUnit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdf
Thiyagu K
 
2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...
Sandy Millin
 
Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.
Ashokrao Mane college of Pharmacy Peth-Vadgaon
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
Celine George
 
The basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptxThe basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptx
heathfieldcps1
 
The Diamond Necklace by Guy De Maupassant.pptx
The Diamond Necklace by Guy De Maupassant.pptxThe Diamond Necklace by Guy De Maupassant.pptx
The Diamond Necklace by Guy De Maupassant.pptx
DhatriParmar
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
Vikramjit Singh
 
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama UniversityNatural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Akanksha trivedi rama nursing college kanpur.
 
MASS MEDIA STUDIES-835-CLASS XI Resource Material.pdf
MASS MEDIA STUDIES-835-CLASS XI Resource Material.pdfMASS MEDIA STUDIES-835-CLASS XI Resource Material.pdf
MASS MEDIA STUDIES-835-CLASS XI Resource Material.pdf
goswamiyash170123
 
Best Digital Marketing Institute In NOIDA
Best Digital Marketing Institute In NOIDABest Digital Marketing Institute In NOIDA
Best Digital Marketing Institute In NOIDA
deeptiverma2406
 
Language Across the Curriculm LAC B.Ed.
Language Across the  Curriculm LAC B.Ed.Language Across the  Curriculm LAC B.Ed.
Language Across the Curriculm LAC B.Ed.
Atul Kumar Singh
 
"Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe..."Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe...
SACHIN R KONDAGURI
 
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHatAzure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
Scholarhat
 
A Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptxA Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptx
thanhdowork
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
Jisc
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
Pavel ( NSTU)
 
Advantages and Disadvantages of CMS from an SEO Perspective
Advantages and Disadvantages of CMS from an SEO PerspectiveAdvantages and Disadvantages of CMS from an SEO Perspective
Advantages and Disadvantages of CMS from an SEO Perspective
Krisztián Száraz
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
camakaiclarkmusic
 

Recently uploaded (20)

The Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptxThe Accursed House by Émile Gaboriau.pptx
The Accursed House by Émile Gaboriau.pptx
 
Supporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptxSupporting (UKRI) OA monographs at Salford.pptx
Supporting (UKRI) OA monographs at Salford.pptx
 
Unit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdfUnit 8 - Information and Communication Technology (Paper I).pdf
Unit 8 - Information and Communication Technology (Paper I).pdf
 
2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...2024.06.01 Introducing a competency framework for languag learning materials ...
2024.06.01 Introducing a competency framework for languag learning materials ...
 
Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.Biological Screening of Herbal Drugs in detailed.
Biological Screening of Herbal Drugs in detailed.
 
Model Attribute Check Company Auto Property
Model Attribute  Check Company Auto PropertyModel Attribute  Check Company Auto Property
Model Attribute Check Company Auto Property
 
The basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptxThe basics of sentences session 5pptx.pptx
The basics of sentences session 5pptx.pptx
 
The Diamond Necklace by Guy De Maupassant.pptx
The Diamond Necklace by Guy De Maupassant.pptxThe Diamond Necklace by Guy De Maupassant.pptx
The Diamond Necklace by Guy De Maupassant.pptx
 
Digital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and ResearchDigital Tools and AI for Teaching Learning and Research
Digital Tools and AI for Teaching Learning and Research
 
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama UniversityNatural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
 
MASS MEDIA STUDIES-835-CLASS XI Resource Material.pdf
MASS MEDIA STUDIES-835-CLASS XI Resource Material.pdfMASS MEDIA STUDIES-835-CLASS XI Resource Material.pdf
MASS MEDIA STUDIES-835-CLASS XI Resource Material.pdf
 
Best Digital Marketing Institute In NOIDA
Best Digital Marketing Institute In NOIDABest Digital Marketing Institute In NOIDA
Best Digital Marketing Institute In NOIDA
 
Language Across the Curriculm LAC B.Ed.
Language Across the  Curriculm LAC B.Ed.Language Across the  Curriculm LAC B.Ed.
Language Across the Curriculm LAC B.Ed.
 
"Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe..."Protectable subject matters, Protection in biotechnology, Protection of othe...
"Protectable subject matters, Protection in biotechnology, Protection of othe...
 
Azure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHatAzure Interview Questions and Answers PDF By ScholarHat
Azure Interview Questions and Answers PDF By ScholarHat
 
A Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptxA Survey of Techniques for Maximizing LLM Performance.pptx
A Survey of Techniques for Maximizing LLM Performance.pptx
 
The approach at University of Liverpool.pptx
The approach at University of Liverpool.pptxThe approach at University of Liverpool.pptx
The approach at University of Liverpool.pptx
 
Synthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptxSynthetic Fiber Construction in lab .pptx
Synthetic Fiber Construction in lab .pptx
 
Advantages and Disadvantages of CMS from an SEO Perspective
Advantages and Disadvantages of CMS from an SEO PerspectiveAdvantages and Disadvantages of CMS from an SEO Perspective
Advantages and Disadvantages of CMS from an SEO Perspective
 
CACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdfCACJapan - GROUP Presentation 1- Wk 4.pdf
CACJapan - GROUP Presentation 1- Wk 4.pdf
 

The inverse supply equation for clay pots is P05QS+1 the .pdf

  • 1. The inverse supply equation for clay pots is P=0.5QS+1; the inverse demand equation is P=2QD+ 15. Quantity is in thousands of units. A . Calculate the equilibrium price and quantity. B. Draw the demand and supply curves (label the axis, vertical intercept, horizontal intercept, consumer surplus, and producer surplus) C. Calculate consumer surplus and producer surplus.