Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Stating the curves so that the quantity demanded and quantity supplied are both functions of price, putting price on the horizontal axis. There is more than one demand curve, but all have a slope of -5. Also there is more than one supply curve, but all have a slope of +4.)
a) The demand curve intersects the vertical axis at +10 and the supply curve intersects the vertical axis at 0. Write down the equation of both of these lines in the form q = a+bp. What are the equilibrium values of price and quantity?
b) The supply curve remains in the same place as in (a) but the demand curve shifts so that it intersects the vertical axis at +15. Compute the equilibrium price and quantity. You now have two equilibrium observations. Write down the equation of the straight line containing them. What is this straight line?
c) Return to the equilibrium of Question (a). Now shift the supply curve so that it intersects the vertical axis at +5. Compute the value of P and Q at this new equilibrium. Write down the equation of the straight line connecting these two equilibrium observations. What is this straight line?
Elucidate when producers reduce price for good and services, it increase consumers surplus and everyone standard of living.
Several cities regulate the taxi industry by licensing cabs. These licenses are often called medallions because they are issued in the form of a metal shield that must be affixed to hood of the cab,
Imagine the opera has a capacity of 3000 seats and that all costs are fixed. If they can discriminate between the two groups, what is optimal price to charge to each group and how many tickets will each group buy?
Illustrte what is the put premium on a December 25 PHLX pound contract with an exercise price of $1.81.
Could you conclude this data shows the proportion of politically motivated expatriates has increased Use the 0.05 significance level.
Elucidate implicit assumptions would an researcher make regarding price elasticity of a magazine.
Use Excel program to estimate of the state's demand for KBC microbrews in Ohio. Print (past) the computer regression output and provide an economic interpretation of the regression results.
Assume you are the manager of a California winery. How would you expect the following events to affect price you will receive for a bottle of wine?
Explain why is economic growth important also annual growth rate be of great significance over several decades.
Suppose Acme decides that instead of cutting the wholesale price of the CD players it will offer a $50 rebate to the consumer (that is, the wholesale price is $200.
Illustrate what assumptions is the theory based, and how plausible are these assumptions.
Suppose we have a competitive market for a good with domestic demand and supply given by:
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd