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Consider this market for electric cars.In this market, the supply curve is given by Qsse ds ga. Assume that Peg eg = 15P - 5Pand the demand curve is given by Q= 100 - 25P+ 10P (s stands for electric cars, e stands for electricity prices, and g stands for gas prices).
and Pare fixed at P = 4 and P = 2. Calculate the equilibrium price and quantity in the electric cars market.
b. Suppose that the price of electricity and gasoline changes to Pe=2 and Pg=5 and stays fixed at that level permanently. Calculate the equilibrium price and quantity in the electric cars market.
Define what is an economic and political system that calls for public ownership of virtually all enterprises, under the direction of a strong central government?
Test at α =.05 and 0.10 the hypothesis that a majority (more than 50%) of students favor the plus/minus grading system at a university if in a random sample of 500 students, 265 favor the system? Please show work
An individual has to choose between investment A and investment B. The individual estimates that income and probability of the income from each investment are given in the following table (a) Using Excel's statistical tools, calculate the standard..
What is price-wage rigidity? Do you agree with Keynes assessment that wage-price rigidity requires government's involvement in the markets? Why? Why not?
The Wisconsin state legislature enacts a statute that prohibits the advertising of video games "because the games might be harmful to minors."
How does the US Department of Agriculture calculate the official poverty level What government assistance programs does the Census Bureau consider when calculating household income What programs are ignored
One important aspect of modern finance that separates it from past eras is the pervasiveness and power of central banks. Central banks play a vital role in ensuring the stability and efficiency of banking systems as well as influencing interest ra..
We often find that for theSuper Bowl the quantity of tickets demanded is greater than thequantity of tickets supplied. This results in a shortage oftickets. How does the market resolve this problem?
Accounting 555 - Accounting Policy and Research What disclosure policy (or policies) could be an equilibrium - How do your answers to the above change if the probability of NOT knowing the information falls from 50% to 10%?
Depends on what you perceive as the results of free trade agreements such as NAFTA, would you recommend that President Obama continue on the path.
Currently the government of ABC Land maintains budget surplus. However, the country needs expansion of highways to ensure future economic growth. Using a diagram, show and explain how this act would affect the loanable fund market
Vulnerability Analysis
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