Answer must all be correct

economics exercise and need the explanation and answer to help me learn.

Requirements: Long
10/1/2023MONOPOLY7:20 PM0100020003000400050006000700080009000100001100012000130001400015000160001700018000190002000021000220002300024000250002600027000280002900030000310003200033000340003500036000370003800039000400004100042000430004400045000460004700048000490005000051000520005300054000550005600057000580005900060000610006200063000640006500066000670006800069000700007100072000AC95.182987257.666344.49537.612833.3173130.3482228.1549926.4574725.0973823.9782223.0376522.233521.5361520.9241420.3815619.8962919.4589519.0621618.7000218.3677618.0614817.7779317.5144217.2686817.0387616.8230216.6200516.428616.2476216.0761515.9133915.758615.6111315.4704215.3359515.2072615.0839314.9655914.8519114.7425814.6373114.5358614.4379914.3434814.2521514.1638114.0782913.9954513.9151413.8372313.7615913.6881213.616713.5472513.4796613.4138513.3497413.2872613.2263413.166913.1088913.0522412.9969112.9428412.8899712.8382712.7876812.7381812.6897112.6422312.5957312.55015MC21.7385970618.944217.47914916.5089415.7936315.2322514.7732114.3867614.0542913.7634113.5054613.2741913.0649412.8741512.6990412.5373912.3874112.2476512.1169111.9941611.8785511.7693711.6659711.5678311.4744711.3854811.300511.2192211.1413411.0666110.9948110.9257410.859210.7950410.7331110.6732510.6153610.5593110.5050110.4523410.4012410.351610.3033610.2564510.210810.1663410.1230410.0808210.039649.9994589.9602289.921919.8844649.8478569.8120519.7770189.7427279.709159.6762599.644039.6124389.5814619.5510779.5212669.4920089.4632849.4350779.4073719.3801489.3533949.3270959.301236AR77.4109676.5034926475.59674.68854873.7810872.873671.9661371.0586670.1511969.2437268.3362467.4287766.521365.6138364.7063663.7988862.8914161.9839461.0764760.16959.2615258.3540557.4465856.5391155.6316354.7241653.8166952.9092252.0017551.0942750.186849.2793348.3718647.4643946.5569145.6494444.7419743.834542.9270342.0195541.1120840.2046139.2971438.3896737.4821936.5747235.6672534.7597833.852332.9448332.0373631.1298930.2224229.3149428.4074727.526.5925325.6850624.7775823.8701122.9626422.0551721.147720.2402219.3327518.4252817.5178116.6103315.7028614.7953913.8879212.9804512.07297MR77.4109675.5960205673.781171.96613270.1511968.3362466.521364.7063662.8914161.0764759.2615257.4465855.6316353.8166952.0017550.186848.3718646.5569144.7419742.9270341.1120839.2971437.4821935.6672533.852332.0373630.2224228.4074726.5925324.7775822.9626421.147719.3327517.5178115.7028613.8879212.0729710.258038.4430866.6281424.8131982.9982541.18331-0.63163-2.44658-4.26152-6.07647-7.89141-9.70636-11.5213-13.3362-15.1512-16.9661-18.7811-20.596-22.411-24.2259-26.0409-27.8558-29.6707-31.4857-33.3006-35.1156-36.9305-38.7455-40.5604-42.3754-44.1903-46.0052-47.8202-49.6351-51.4501-53.265POINTMARKET DATAPrice (AR)$11.82MR-$53.77AR-AC-$0.72AR-MC$2.53FIRM COST DATAOutput72,279AC$12.54MC$9.29MR-MC-$63.07MC-AC-$3.24POLICY VARIABLESIncome$55,000Tax per unit$0.0001020304050607080020000400006000080000100000MCACDEMANDMRQ$/Q
10/1/2023MONOPOLY7:20 PM730007400075000760007700078000790008000081000820008300084000850008600087000880008900090000910009200093000940009500096000970009800099000100000072279.272279.212.5054712.4616612.4186812.3765112.3351312.294512.2546112.2154312.1769412.1391112.1019312.0653812.0294411.9940911.9593111.9250911.8914211.8582711.8256411.793511.7618511.7306711.6999511.6696811.6398511.6104411.5814511.552869.2758039.2507859.2261699.2019429.1780959.1546179.1314969.1087249.086299.0641859.0424029.020938.9997638.9788928.9583118.938018.9179858.8982278.878738.8594898.8404978.8217478.8032368.7849568.7669048.7490738.7314588.71405611.165510.258039.3505588.4430867.5356146.6281425.720674.8131983.9057262.9982542.0907821.183310.275837-0.63163-1.53911-2.44658-3.35405-4.26152-5.169-6.07647-6.98394-7.89141-8.79888-9.70636-10.6138-11.5213-12.4288-13.3362-55.08-56.8949-58.7098-60.5248-62.3397-64.1547-65.9696-67.7846-69.5995-71.4145-73.2294-75.0443-76.8593-78.6742-80.4892-82.3041-84.1191-85.934-87.749-89.5639-91.3788-93.1938-95.0087-96.8237-98.6386-100.454-102.269-104.08311.8196111.819610
10/1/2023ANSWER SHEET7:20 PMNATURAL MONOPOLYQuestionAnswer123456789101112131415161718192021Name:Anita OnyekaStudent Num.:1672898
ANSWER BINaacbcchange in demandchange in quantity demandedcomplementsdecreaseelasticequalexcess demandexcess supplygreaterincomeincreaseinelasticinferiorlessmcmorenonormalown-priceprice of laborprice of sauceprice of tacosprice of winesubstitutesyesPage 4

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