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... Mid 1 Prep Video - 2025 FA [1 x | Sy Mid 1 Prep Video - 2025 FA [1 x zm Mid 1 Prep - Zoom X Homework X *Chat Thread X + C 2 mylab.pearson.com/Student/IntegratedAssignmentOverview.aspx?homeworkld=710259028 Introduction to Microeconomics (ECO 167 OA03) Thi Minh Phuong Tran ? Homework: Practice test for the first midterm Question Completed: 19 of 35 Part 3 of 3 My score: 18.95/35 pts (54.15%) Save Minimize list Suppose demand for masks is QD = 27 - P. The supply of masks is Qs = 2P. Price ($) 387 Set QD = Qs and use algebra to find the equilibrium P and Q. 36- 34- 32- Text Problem 8 Equilibrium P = 9 and equilibrium Q = 18 . (Enter your answers as a whole number.) 30- 28- 29 Question | 0/1 pt O Using these equations, show the demand and supply curves for masks on a sketch. 26- 24- Hint: Remember the equilibrium you found above is a point on both the supply and 22- demand curves. 20- Text Problem 9 18- 30 1.) Using the line drawing tool, draw the demand for masks based on the equation 16- Question | 0/1 pt QD = 27 - P. Label the line 'D1'. 14- 12- 2.) Using the line drawing tool, draw the supply of masks based on the equation Text Problem 10 31 Qs = 2P. Label the line 'S, '. Question | 0/1 pt D1 3.) Using the point drawing tool, indicate the equilibrium in the mask market. Label the point 'E1'. Text Problem 11 0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 32 Quantity Question | 0/1 pt Carefully follow the instructions above and only draw the required objects. Concept Question 5.5.1 3 Question | 0/1 pt What if "demand doubles"? In other words, for any price, there are twice as many people who want to buy. Concept Check 5.5.2.2 What does the new demand look like on the graph? 34 Question | 0/1 pt O Doubling the demand causes the price of masks to Concept Check 5.5.3.1 The new demand curve will have y-intercept and a slope than the 35 Question | 0/1 pt original demand curve. Help me solve this Etext pages Get more help - Clear all Check