Good day.Please help me with the following. Figure 1 below shows the demand and supply of coffee at a local café.Study the graph and then answer Q.2.2.1 to Q.2.2.5 by completing eachsentence to make it correct.Figure 1Price per unit (Rand)S26S122181080 90 100120140Quantity (units) per week Q.2.2.1 Assuming no government intervention and considering the originaldemand and supply curves (D and S), at a price of R10 there is anof 40 cups of coffee.Q.2.2.2 The shift of the supply curve to S1 indicates anin supplyand a new equilibrium quantity ofcups of coffee.Q.2.2.3 At a price of R22 and assuming no government intervention, theis 90 cups of coffee.Q.2.2.4 Considering curves D and S, if government intervenes and sets a priceof R26, this is called aand will result in aof 40 cups of coffee.Q.2.2.5 Consider demand (D) and supply (S1). If government sets a price ofR18 for a cup of coffee, then thewill be 140 cups of coffee.

Since we only answer up to 3 sub-parts we will answer the first 3. Please resubmit the question…

Figure 1 below shows the demand and supply of coffee at a local café. Study the graph and then answer Q.2.2.1 to Q.2.2.5 by completing each sentence to make it correct. Figure 1 Price per unit (Rand) D 26 S1 22 18 10 80 90 100 120 140 Quantity (units) per week

Figure 1 below shows the demand and supply of coffee at a local café. Study the graph and then answer Q.2.2.1 to Q.2.2.5 by completing each sentence to make it correct. Figure 1 Price per unit (Rand) D 26 S1 22 18 10 80 90 100 120 140 Quantity (units) per week

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Good day.

Please help me with the following.

Figure 1 below shows the demand and supply of coffee at a local café.
Study the graph and then answer Q.2.2.1 to Q.2.2.5 by completing each
sentence to make it correct.
Figure 1
Price per unit (Rand)
S
26
S1
22
18
10
80 90 100
120
140
Quantity (units) per week

Q.2.2.1 Assuming no government intervention and considering the original
demand and supply curves (D and S), at a price of R10 there is an
of 40 cups of coffee.
Q.2.2.2 The shift of the supply curve to S1 indicates an
in supply
and a new equilibrium quantity of
cups of coffee.
Q.2.2.3 At a price of R22 and assuming no government intervention, the
is 90 cups of coffee.
Q.2.2.4 Considering curves D and S, if government intervenes and sets a price
of R26, this is called a
and will result in a
of 40 cups of coffee.
Q.2.2.5 Consider demand (D) and supply (S1). If government sets a price of
R18 for a cup of coffee, then the
will be 140 cups of coffee.

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