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    SAQ For Module 4

    Uploaded by

    Angel Condat
    This document contains three summaries: 1) It summarizes a table showing demand and supply quantities at different price points, and indicates where shortages and surpluses occur on the graph. 2) It summarizes the effects of several scenarios on the Philippine market demand and supply curves for oil. 3) It constructs a production possibilities curve graph based on data showing the extreme combinations of producing two goods with given resources.

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    SAQ For Module 4

    Uploaded by

    Angel Condat
    57 views4 pages
    This document contains three summaries: 1) It summarizes a table showing demand and supply quantities at different price points, and indicates where shortages and surpluses occur on the graph. 2) It summarizes the effects of several scenarios on the Philippine market demand and supply curves for oil. 3) It constructs a production possibilities curve graph based on data showing the extreme combinations of producing two goods with given resources.

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    shortages or surplus of demand or supply

    Original Title

    SAQ for Module 4

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    This document contains three summaries: 1) It summarizes a table showing demand and supply quantities at different price points, and indicates where shortages and surpluses occur on the graph. 2) It summarizes the effects of several scenarios on the Philippine market demand and supply curves for oil. 3) It constructs a production possibilities curve graph based on data showing the extreme combinations of producing two goods with given resources.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    57 views4 pages

    SAQ For Module 4

    Uploaded by

    Angel Condat
    This document contains three summaries: 1) It summarizes a table showing demand and supply quantities at different price points, and indicates where shortages and surpluses occur on the graph. 2) It summarizes the effects of several scenarios on the Philippine market demand and supply curves for oil. 3) It constructs a production possibilities curve graph based on data showing the extreme combinations of producing two goods with given resources.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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                            SAQ for Module 4

    Indicate shortages or surplus of demand or supply given the following data: 


    Show graphical presentation.

    Price Qd Qs Shortage/Surplus
    P2 80 20 Shortage
    4 70 40 Shortage
    6 60 60 Shortage
    8 50 80 Surplus
    10 40 100 Surplus
    12 30 120 Surplus
    14 20 140 Surplus

    State what happens to the Philippine market demand and supply curves under
    the following conditions:  (Increase, Decrease, Same)
    Electricity-run cars are introduced and used in the country.
    1.  On demand __Increase_______ 2.  On supply __Same______
    The oil fields of Iraq, a major supplier of the country, are burned
    3, On demand __Increase_________ 4.  On supply _Decrease______
    OPEC decides to decrease the price of oil
    1.   On demand__Increase________ 6.  On supply _Decrease________
    An increase in the price of the dollar causes oil to be more expensive in the country.
    7. On demand _Decrease______           8.  On supply _Increase_______
    Careless days are made compulsory by the government
              9.  On demand_Decrease________          10.  On supply__Increase_________
    Oil mines are discovered in Palawan.
            11.  On demand__Increase__________       12.  On supply__Same__________
    Saudi Arabia increases its quotes in oil sales to the Philippines.
           13.  On demand__Decrease____             14.  On Supply___Decrease_______
    A substitute for oil is discovered by Filipino inventors.
          15.  On demand__Increase________            16.  On supply__Same___________

    Supposing the extreme combinations which can be produced of Good A and


    Good B with a give resources are given as follows:
    Good A Good B
    Combination 200    0
    Combination   0      50
    Construct a graph showing the production possibilities curve.  Explain the
    relationship depicted by the curve.

    Plot the following hypothetical demand schedule of pork in the market:

    Price of Beef (Per Kilo) Quantity Demanded (In Kilos)


    P150.00 90
    P140.00 100
    P100.00 130
    P75.00 150
    P60.00 170
    P40.00 200
    The table shows the hypothetical demand schedule of pork in the market, such as   the
    price of pork (per kilo) and quantity demand (in kilo). As you can see in the table above
    the curved inside the graph represents when the price of beef increases the quantity
    demand decreases. In my opinion also observation, in the market we always attract
    lowly prices and buy more.

    Plot the following hypothetical supply schedule of Bangus in the market

    Price of Bangus (Per Kilo) Quantity Supplied (In


    Thousand)
    P120.00 700
    P100.00 650
    P90.00 600
    P75.00 500
    P60.00 400
    P50.00 300
    The table shows the hypothetical supply schedule of Bangus in the market, such as the
    price of bangus (per kilo) and quantity supplied (in thousand). As you can see in the
    table above the horizontal inside the graph represents when the price of bangus
    become high there is a tendency that the seller will offer more to sell. Also when the
    price becomes low there is a possibility that it will only sell a few products.

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