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From 1992-2018, the prices of their best-selling Satellite,

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From 1992-2018, the prices of their best-selling Satellite, the TELEGRAPHERModel, measured in $1,000’s of US Dollars, was: 8.0, 6.5, 5.0. 3.5, 2.0 AND 0.5, respectively. During that time, the corresponding amounts that Suskin Corporation was willing to produce/sell at those same prices, measured in 100,000s of Satellite dishes was: 11, 9, 7, 5, 3, AND 1, respectively. Meanwhile, the amount that consumers were willing to purchase at those same prices, also measured in 100,000s of units, was: 1, 2, 3, 4, 5 AND 6, respecrtively. The production data was retrieved from The Satellite Journal Magazine, in the article “How Many Satellite Dishes is Enough,” in the October 10, 2019 edition in an article written by Bruce Paton. The consumer data was retrieved from Cablevision Digest, in an article written by Rich Mullins, in their March 2019 issue, pages 77-84, “How Many Satellite Dishes Can Consumers Purchase?” a. In one clearly constructed, legible, and properly labeled graph created using Excel, construct the supply and demand curves based on the data above. 45 pts b. Referencing the curves constructed in part A, clearly state the equilibrium price and quantity in the two different time periods (2009-2015 and 2016-2018). (1.5 pts) c. c. Using your supply and demand analytical skills, and referencing only the curves constructed in part A, identify the area where surplus exists and where shortage exists. (1.5 pts) d. Offer one clear and logical reason why in this market a surplus may have occurred (5 pts) and one clear and logical reason why a shortage may have occurred in this market (5 pts). e. Would imposing a price floor help anyone in the market? Whom and why? What about a price ceiling? (3 pts) Graphs for this assignment must be properly constructed and created using Excel. Prepare your assignment as a Word document with embedded Excel charts. Number each step of the assignment. The assignment may be submitted to Turnitin as a Word or .pdf documenthow would you answer this?BusinessEconomicsMicroeconomicsBUS 315

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