A bаsebаll is hit upwаrd and travels alоng a parabоlic arc befоre it strikes the ground. Which one of the following statements is necessarily true?
Use this link tо оpen the Chrоme Whiteboаrd аpp. You cаn toggle between these two tabs as you complete the assignment. - Do not click into previous Whiteboards. To receive credit, you must start a new Whiteboard using the "Home" and "New Drawing" buttons in the upper left hand corner. No notes are allowed. Chrome Whiteboard App (link)Links to an external site. On the whiteboard, draw 2 supply and demand graphs. Each will be for the market for gasoline. Use the pen tool to create your curves and labels. Make sure each of your graphs include: a short title at the top of the graphs, a price label on the y axis, a quantity label on the x axis, and label each curve by writing D next to the demand curve and S next to the supply curve. Now that you have your graphs drawn, answer the following questions by talking into your camera and update the drawings as directed. Keep your face visible while doing so. You will use one graph for each question part. Part A) Using your first graph, assume we start at equilibrium. Now, record a short explanation of what causes a movement up the demand curve for gasoline. On your graph, draw an arrow showing this movement. In your explanation, describe what happens to quantity demanded vs quantity supplied. Part B) Now, using the first graph, describe how and why the market mechanism will respond. Tell me where the market mechanism will push prices and quantity. Part C) On the last graph, draw a new curve for either the demand or the supply curve showing the impact of a decreased tax on gasoline. Tell me which determinant of demand or determinant of supply from Chapter 3 this relates to. In your explanation, tell me how this tax cut changes the market equilibrium for gasoline, and describe how the new equilibrium price and quantity compare to the original market outcome. Your grade on this question will be based on the recording of your screen and your explanation. You do not need to upload a file. Partial credit is given, so do your best.