Reference no: EM131469652
Assignment: Demand and Supply
The use of E-Books has increased in recent years, especially with the advent of mobile E-Readers. A marketing research firm recently developed the following supply and demand schedules for E-books:
|
Price/E-Book
|
Quantity Demanded
|
Quantity Supplied
|
|
$18
|
4000
|
10,000
|
|
16
|
5000
|
9500
|
|
14
|
6000
|
9000
|
|
12
|
7000
|
8500
|
|
10
|
8000
|
8000
|
|
9
|
9000
|
7500
|
|
8
|
10000
|
7000
|
|
7
|
11000
|
6500
|
|
6
|
12000
|
6000
|
|
5
|
13000
|
5500
|
|
4
|
14000
|
5000
|
|
2
|
15000
|
4500
|
Assignment Guidelines:
Using Microsoft (MS) Excel, construct a graph showing supply and demand in the E-Book market based on the data above. (Save this file because you will re-work it later in the assignment.) When finished, copy and paste or import your graph into an MS Word document.
In your MS Word document, below your imported graph, respond to the following:
1. Explain how the Laws of Supply and Demand are illustrated in this graph.
2. Describe the equilibrium price and quantity in this market.
3. Assume that the government imposes a price floor of $12 in the E-Book market. Explain what would happen in this market.
4. Assume that the price floor is removed and a price ceiling is imposed at $6. Explain what would happen in this market.
5. Now, assume that the price of E-Readers (used with E-Books) drops from $60 by fifty percent. How would this change impact the demand for E-Books? Explain your answer. Then, reconstruct your original graph to show this change and place it in your MS Word document below your explanation.
Remember, quotations, paraphrases, and ideas you get from books, articles, or other sources of information should be cited using APA style.
|
Find the optimal location of the first-aid center
: An industrial park consists of 16 buildings. The corporations in the park are sharing the cost of construction and maintenance for a new first-aid center.
|
|
How you see principles expressed in statements manifested
: how you see the principles expressed in statements manifested in each company's public reputation, and how they treat their employees in services they provide.
|
|
What were the causes of minoan civilizations decline
: What were the causes of Minoan Civilization's decline? What was the emperor's purpose for such an elaborate, secret burial place?
|
|
Define the weighted euclidean distance
: Three existing facilities are located at (0, 0), (5, 5), and (10, 10). The weights applied to these facilities are 1, 2, and 3, respectively.
|
|
Describe the equilibrium price and quantity in this market
: Explain how the Laws of Supply and Demand are illustrated in this graph. Describe the equilibrium price and quantity in this market.
|
|
In which building should the switching center be located
: A telecommunications system is going to be installed at a company site. The switching center that govern the system must be located in one of the five building.
|
|
Review the basic tenets of person-centered therapy
: Review basic tenets of person-centered therapy. Conduct literature search for person-centered psychotherapy intervention that facilitate positive client change.
|
|
Describe the listed assumption according to the location
: For each of the location problems described, discuss which of the seven assumptions listed in this section are likely to be violated.
|
|
Determine zara market share
: Determine Growth rate of the industry and the industry stage - Determine Zara Market share and define whether Zara market share is increasing or decreasing
|