User Account

All Pages

Best explanation for change in market equilibrium

Assignment Help Microeconomics
Reference no: EM132648832

In 2018, the equilibrium price and quantity were P = $35 per unit and Q = 140 million units. In 2010, the equilibrium price and quantity were P = $35 per unit and Q = 175 million units. What is the best explanation for this change in market equilibrium?

Reference no: EM132648832

Questions Cloud

Find and identify at least two potential cost drivers : Find and Identify at least two potential cost drivers. Explain where you might obtain information about past volumes for each cost driver.
Reimportation of drugs back into the united states : Explain why these companies, for profit reasons, oppose laws allowing reimportation of their drugs back into the United States.
How much would unit cost be affected by the request : The ending inventory completion percentage from 20 to 40% to lower the unit costs, how much would unit cost be affected by this request?
Find utility combination of pizza and pepsi : Anita consumes both pizza and Pepsi. The following tables show the amount of utility she obtains from different amounts of these two goods:
Best explanation for change in market equilibrium : In 2018, the equilibrium price and quantity were P = $35 per unit and Q = 140 million units. In 2010, the equilibrium price and quantity
What is merchant co budgeted production : What is Merchant Co's budgeted sales (in $)? What is Merchant Co's budgeted production (in units)? what is the budgeted materials purchase
Find employment of school age children : You are the manager of Lift Up, a local non-profit that provides advising and tutoring to low-income children to help them get into college
BUS708 Statistics And Data Analysis Assignment : BUS708 Statistics And Data Analysis Assignment Help and Solution, King’s Own Institute - Assessment Writing Service - Demonstrate an understanding
How could the costs differ one method is chosen over other : What are the differences between the two costing methods, and how do these apply to your company? How could the costs differ if one method is chosen over other?

Reviews

Write a Review

Microeconomics Questions & Answers

  How dexion could implement advanced technology to achieve

High seasonal demand was a challenge for Cadbury. Highlight this challenge and evaluate the solution provided by Dexion to overcome this challenge. Discuss other possible solutions; what could have been done differently?

  Identify the benefits of labor migration

Identify and detail three costs and benefits of labor migration. migration decision .

  Find the opportunity cost of producing the first

find the opportunity cost (in tanks foregone) of producing the first, second, third, fourth, and fifth bridges. the production possibilities of tanks and bridges for a society.

  What would you do in the short term

Assume that a firm's analysis of its balance condition shows the following: PL = $10, PK= $100, MPL = 30, and MPK = 290. As a decision maker in this firm.

  What are the factors that affect pay differentials?

What are the factors that affect pay differentials? How does each factor increase or decrease relative wages?

  Explain the relationship among household disposable income

explain the relationship among household disposable income consumption and savings. what is marginal propensity to

  Write on profit in excess of both implicit and explicit cost

The first question is about profits in excess of both implicit and explicit costs and the second question is about marginal revenue being greater than average variable cost and marginal revenue being greater than marginal cost.

  Examining that who are restricting trade

Let's focus just on the lobbyists who are restricting trade. If the United States were to amend the Constitution to permanently ban all tariffs.

  How would mary proof negligence against chariot hotel

How would Mary proof negligence against Chariot Hotel if the cause of the severe breathing problem was the fact that Chariot Hotel staffs did not vacuum.

  What would be some advantages of introducing an economy

Read the case: "In a Bind: Peak Sealing Technologies' Product Line Extension Dilemma". What would be some advantages of introducing an economy grade tape for Peak Sealing Technologies (PST)?

  Marginal product of skilled labor

In the McFadden Company, the relationship among output (Q) and the number of hours of skilled labor (S) and unskilled labor (U) is The hourly wage of skilled labor is $10 and the hourly wage of unskilled labor is $5. The firm can hire as much labor a..

  What dollar amount is most relevant to joe

Joe runs the Service Division for a car dealership. The overall dealership has profit of $10 million on sales of $100 million and costs of $90 million.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd