Consider a market in which Bert from problem 4 is the buyer and Ernie from problem 5 is the seller. a. Use Ernie’s supply schedule and Bert’s demand schedule to find the quantity supplied and quantity demanded at prices of $2, $4, and $6. Which of these prices brings supply and demand into equilibrium? b. What are consumer surplus, producer surplus, and total surplus in this equilibrium? c. If Ernie produced and Bert consumed one fewer bottle of water, what would happen to total surplus? d. If Ernie produced and Bert consumed one additional bottle of water, what would happen to total surplus?

What is the number of atoms in 3.54 mol s

Calculate the number of moles of ethane in 100 grams

Part b: study of equilibrium on solubility: mg(oh)2(s) ⇌ mg2+(aq) + 2 oh–(aq) cloudy clear (pink) 7. a. b. 8. a. b. 9. 10. 11. 12. when adding concentrated hydrochloric acid, how did the appearance of the equilibrium mixture change? the change in appearance indicated a shift in the point of equilibrium. in which direction did the equilibrium shift? (l) left (r) right explain your answer to question 7a. you should indicate which ion was added to or removed from the equilibrium mixture. when adding edta, how did the appearance of the equilibrium mixture change? the change in appearance indicated a shift in the point of equilibrium. in which direction did the equilibrium shift? (l) left (r) right explain your answer to question 8a. you should indicate which ion was added to or removed from the equilibrium mixture. upon heating in which direction is the equilibrium shifting? upon cooling in which direction is the equilibrium shifting? is the forward reaction a. endothermic explain your answers to questions 9, 10, and 11. (l) left (r) right (l) left (r) right b. exothermic