Please do not copy and past from old notes which is exist in course hero already. Please
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Please do not copy and past from old notes which is exist in course hero already. Please provide new and clean answer with graph . Someone answered but the graph was copied and past from old answers which not proper clear.
Please draw new, clean graph and also correct.
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1. Show what happens to the market price and quantity for Private Universities when there is a) Decrease in tuition at public universities. b) Decrease in the price of electricity. c) Increase in faculty salaries. d) Publication of an article showing lower salaries for college graduates vs. high school graduates. 2. Graph the Market and Find the Equilibrium Price & Quantity where: Demand is given as P = 35-Q Supply is given as P = 0 1. Show what happens to the market price and quantity for Private Universities when there is a) Decrease in tuition at public universities. b) Decrease in the price of electricity. c) Increase in faculty salaries. d) Publication of an article showing lower salaries for college graduates vs. high school graduates. 2. Graph the Market and Find the Equilibrium Price & Quantity where: Demand is given as P = 35-Q Supply is given as P = 0
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