Question: Question 3 The demand for eggs is given by Qd=30-5P and the where Qd is the quantity of eggs demanded in '000 kgs and P

Question 3 The demand for eggs is given by Qd=30-5P and the where Qd is the quantity of eggs demanded in '000 kgs and P is the price of an egg. The supply is given byQs=6+P where Qs is the quantity of egg supplied in '000 kgs. If a subsidy of Rs.3 per egg is provided to the producer, what will be the new equilibrium price and quantity of eggs in the market?

and P is the price of an egg. The supply is given

byQs=6+P where Qs is the quantity of egg supplied in '000 kgs.

Question 4 Demand for Ice Cream 24 12 18 Price 5 10 15 20 25 30 35 40 45 50 55 Quantity of ice Creams Demanded The above graph indicates Robert's demand for ice-cream in a year. What is the consumer surplus of Robert when he consumes 40 ice-creams at Rs. 57.... 2 Marks A. 253 b. 245 d. 320The above figure indicates an indifference curve between shoes and salt for the person. The person's satisfaction is only dependent on the amount of shoes she has and not on the galt In the graph above, which is good A and which is good BY... 3 Marks a. Good A = Shoes; Good B-Money b. Good A Salt; Good B-Shoes o. Good A-Money; Good B-Salt d. Good A-Shoes; Good B-Salt

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