Languages homework help. Consider the general demand functionQd = 8000 – 16P + 0.75 M + 30 PgifM = $30,000 and Pg = $50,what is the constant term if the equation for the demand curve is written in the formQd = a – bP?Question 2 Using the information from the above problem, what is the quantity demanded when the price of good is $1000?Question 3 Consider the supply functionQs = 60 + 5P – 12Pi + 10 FWhere Qs = quantity supplied, P = price of the commodity, Pi = price of a key input in the production process, and F = number of firms producing the commodity. Of Pi = $90 and F = 20, what is the intercept of the supply curve written asQs = a + bPQuestion 4 Using the information in the above problem, what is the intercept (a’) of the inverse supply function written in the formP = a’ – b’QsQuestion 5 Using the information in the above two problems, what is the coefficient for quantity (b’) of the inverse supply function written in the formP = a’ – b’QsQuestion 6 Suppose you are the manager of a California winery. How would you expect the following events to affect the price you receive for a bottle of wine?The price of comparable French wines decreases.One hundred new wineries open in California.The unemployment rate in the United States decreases.The price of cheese, a complementary product, increases.The price of a glass bottle increases significantly due to new government anti-shatter regulations.Researchers discover a new wine-making technology that reduces production costs.The price of wine vinegar, which is made from leftover grape mash, increases.The average age of consumers increases, and older people drink less wine.Answer A.

Languages homework help