econ 101-007 principles of macroeconomics

I’m trying to learn for my Economics class and I’m stuck. Can you help?

no textbooks or other source materials needed.

price per TV quantity demanded per month quantity supplied per month

800 2,000 12,000

750 3,000 11,000

700 4,000 10,000

650 5,000 9,000

600 6,000 8,000

550 7,000 7,000

500 8,000 6,000

450 9,000 5,000

400 10,000 4,000

2) Refer to the above table. Suppose there are technological advances in the production of televisions. What will be the new equilibrium price.

3) Refer to the above table. Suppose the demand for televisions drops because more people watch TV shows on computers instead. What will be the new equilibrium price.

4) Using a graph, show a market equilibrium. Suppose the costs of inputs increase. How is this shown on the graph? Explain what is happening in the market.