Question:

Economics Homework HELP!!!!?

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Please refer to this website. I am stuck on problems 3 and 9, and i would like if you would let me know the other answers too, i just want a good grade. Thank you !!!

http://webclass.lakeland.cc.il.us/micro/pepsi.htm

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  1. 3 - there will be only 10 cases supplied at this price, thus traded will be only 10 too (though shortage will be 40=50-10)

    9 - there will be only 20 cases demanded at this price, thus traded will be only 20 too (though surplus will emerge 20=40-20)

    1 - 10

    2 - 50

    4 - shortage

    5 - 40

    6 -  price will increase to $6 per case

    7 - 40

    8 - 20

    10- surplus

    11- 20

    12- price will fall to $6 per case

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