Demand and supply curves

Assignment Help Business Economics
Reference no: EM132027987

The market for an agricultural product is modelled by the following Demand and Supply Curves:

Demand: Q= 800 - 30P

Supply: Q= 20P - 100

Where Q is quantity measured in tons, and P is the Price $ per ton

The government decides to provide producers with a subsidy of $4 per ton.

The competitive model predicts that, as a result of the subsidy, the equilibrium market price will fall by?

Reference no: EM132027987

Questions Cloud

Are small businesses guaranteed to secure these resources : If a business continuity plan is not financially obtainable for a small business explains why it is not economically feasible. Why options will they have?
What is loan balance on december 31 of year : If they make all the payments as called for, what is their loan balance on December 31 of this year?
Describe the technological constraints faced by firms : Describe the technological constraints faced by firms when trying to provide customers with all the product features they want?
Warning from the government that a new disease : When the crop is growing you receive a warning from the government that a new disease has been found in some farms in the country
Demand and supply curves : The market for an agricultural product is modelled by the following Demand and Supply Curves:
Expanding the league by placing a team : Assume that the NFL is considering expanding the league by placing a team in Las Vegas. Using a model for gate revenue (and ignoring other revenue streams),
Why is it important to cite your sources in written works : Why is it important to cite your sources in written works? What are the benefits of following a formal citation style like APA?
What is the marginal rate of substitution for consumer a : What is the marginal rate of substitution for consumer A at the competitive equilibrium?
Describe any fallacies you located in the advertisement : Describe any fallacies you located in the advertisement. Describe how your claims logically support your thesis statement as well-supported premises.

Reviews

Write a Review

Business Economics Questions & Answers

  Most appropriate for improving these economic conditions

Actual GDP in a country is estimated to be 10% below potential GDP. Prices are virtually unchanged from one year ago. Unemployment is 12% of the labor force (much higher than the natural rate of unemployment). Which of the following policies would be..

  How might the economists or legislators

How might the economists or legislators come to the conclusion that there is no unemployment problem? What data or evidence would seem to support this position?

  Why allocative efficiency and productive efficiency

Explain why allocative efficiency and productive efficiency are achieved where P = minimum ATC = MC.

  Velocity and aggregate output are constant

Assume that velocity and aggregate output are constant. If the money supply increases from $1.10 trillion to $1.18 trillion:

  Homeland security and law enforcement

For this assignment, choose a peer-reviewed article to critique related to homeland security and law enforcement, or choose an objective from this unit to search for your article.

  Think of the impact on short run aggregate supply

In December 2014, the international price of oil has dropped to almost half of its level in June 2014. What do you think the expected impact of this drop on the US economy in the short run and in the long run using the AD and AS model? Hint: Think of..

  Absolute advantage and comparative advantage

Would like everyone to consider two very important concepts of economics this week: absolute advantage and comparative advantage. Both terms are critical, especially on a macroeconomic level. Countries must think about what they are going to produce ..

  Analyze four economic indicators

Analyze four economic indicators (unemployment rate, quits rate (quit rate in U.S. English), housing starts, consumer price index (a measure for inflation), consumer leverage ratio, industrial production, bankruptcies, gross domestic product, broadba..

  Find out a numerical equation linking planned aggregate

Find out a numerical equation linking planned aggregate expenditure to output. Show the determination of short-run equilibrium output for this economy using the Keynesian cross diagram.

  What about human interface specifications

Considering offshore and ERP approaches, will you perform data modeling as part of your requirements gathering and structuring process? Will you include process models, such as data flow diagrams? What about human interface specifications?

  Explain why does this happen fluctuating prices of gasoline

We are all familiar with fluctuating prices of gasoline at the pump. Explain why does this happen.

  Developing integrated approach to marketing product

Developing an integrated approach to marketing a product, service, or idea ensures that the 4 Ps are compatible. There are some products whose value or utility are challenging to define and must be remarketed to existing or new target audiences. What..

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!

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