Question: Please answer within 15min 26. The demand and supply curves for hotdogs in Sacramento are given by the 3 points following two equations QD= 8,000

Please answer within 15min

26. The demand and supply curves for hotdogs in Sacramento are given by the 3 points following two equations QD= 8,000 - 800P QS= 2,000 + 200P Where QD represents quantity demanded, QS represents quantity supplied and P represents price. Find the equilibrium quantity: 3,200 3,215 O 3,205 O 4,000 O None of the above22. Related to Number 21 (Demand Function for Good X), Suppose the supply 3 points Function is Qs = -600 + 10 Px. What is equilibrium price and quantity? Pe= 10; Qe=380 Pe= 100; Qe= 400 Pe= 95; Qe= 360 Pe= 110; Qe= 340 None of the above31. Houses in Camella Santiago City: Tighter lending standards make it more 3 points difficult for many families to borrow money to buy a house. At the same time, thousands of houses taken by banks through foreclosure are offered for sale. What happens to the price of houses and to the quantity of houses sold in Camella Santiago City? Pe: increase Qe: decrease O Pe: decrease Qe: decrease Pe: increase Qe: decrease Pe: decrease Qe: increase O None of the above25. The demand and supply curves for hotdogs in Sacramento are given by the 3 points following two equations QD= 8,000 - 800P QS= 2,000 + 200P Where QD represents quantity demanded, QS represents quantity supplied and P represents price. Find the equilibrium price: O 5.75 5.90 5.00 6.50 6.00

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