Macroeconomics

Assignment 1: Require Illustration

Marketplace Subject- Blueberries Cultivated/ Made

Price Every Pound ($)| Quantity Demanded Per Year (lbs)

$5. 10| 2

$4. 60| a few

$4. 10| 4

$3. 60| your five

$3. 10| 6

Personal Demand:

Marketplace Demand:

Price Per Pound ($)| Variety Demanded Every Year(lbs)

$5. 10| 170, 000, 1000

$4. 60| 180, 000, 000

$4. 10| one hundred ninety, 000, 000

$3. 60| 200, 500, 000

$3. 10| 210, 000, 000

Increase in Require:

Price Per Pound ($)| D1 (before income rises) Quantity Demanded Per Year| D2 (after income rises) Quantity Demanded Per Year| $5. 10| 170, 500, 000 lbs| 200, 000, 000 pounds

$4. 60| 180, 000, 000 lbs| 210, 000, 000 lbs .

$4. 10| 190, 000, 000 lbs| 220, 1000, 000 pounds

$3. 60| 200, 1000, 000 lbs| 230, 000, 000 lbs .

$3. 10| 210, 500, 000 lbs| 240, 500, 000 lbs .

Price Per Pound ($)| D1 (before price of subs. falls) Quantity Required Per Year| D2 (after price of subs. Falls) Quantity Required Per Year| $5. 10| 170, 000, 000 lbs| 140, 1000, 000 lbs .

$4. 60| 180, 500, 000 lbs| 150, 500, 000 pounds

$4. 10| 190, 000, 000 lbs| 160, 1000, 000 lbs .

$3. 60| 200, 000, 000 lbs| 170, 500, 000 pounds

$3. 10| 210, 000, 000 lbs| 180, 1000, 000 lbs .

Decrease in Require:

One Business's Supply:

Price Every Pound ($)| Quantity Provided Per Year(lbs)

$5. 10| 170, 000 lbs

$4. 60| one hundred and eighty, 000 lbs .

$4. 10| 190, 500 lbs

$3. 60| two hundred, 000 pounds

$3. 10| 210, 000 lbs

Industry Supply:

Value Per Pound ($)| Variety Demanded Every Year(lbs)

$5. 10| 210, 000, 500

$4. 60| 200, 500, 000

$4. 10| 190, 000, 1000

$3. 60| 180, 1000, 000

$3. 10| 170, 000, 1000

Increase in Source:

Price Per Pound ($)| S-1 (before tech. improves) Quantity Demanded Per Year| S-12 (after price of subs. Falls) Quantity Demanded Per Year| $5. 10| 210, 000, 000 lbs| 500, 500, 000 lbs .

$4. 60| 200, 1000, 000 lbs| 400, 000, 000 pounds

$4. 10| 190, 1000, 000 lbs| 300, 500, 000 pounds

$3. 60| 180, 1000, 000 lbs| 200, 1000, 000 lbs .

$3. 10|...

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