Find the inverse demand-supply equations

Assignment Help Business Economics

Reference no: EM131172879

Suppose the following equations represent the demand and supply of a good: Qd = 400- 2P Qs = -50 + P Find the inverse demand-supply equations. Graph both the original and inverse demand-supply equations and highlight their differences (slope, intercept etc.). b. (1.5) Using these equations, calculate the equilibrium price and quantity. Suppose the government provides a subsidy ($10/unit) to the seller. Determine the new equilibrium price and quantity, and the amount of subsidy. Show them on a diagram.

Reference no: EM131172879

Questions Cloud

Leadership statement and action for influencing ethic values : What importance would you attribute to leadership statements and actions for influencing ethical values and decision making in an organization?

What kind of organization would you like to work for : What kind of organization would you like to work for? What would be the best? What would be most realistic? Think about its structure, physical environment, lines of communication, treatment of employees

Why is it engineers could not get to the ethernet technology : Why is it engineers could not get to the Ethernet technology immediately as opposed to deploying and using token ring for many years. Provide 1-2 examples so we can follow long with your commentary.

Key characteristics of organizational buying : The key characteristics of organizational buying compared to consumer buying? Do you recognize any of the consumer buying characteristics in your purchasing decisions?

Find the inverse demand-supply equations : Suppose the following equations represent the demand and supply of a good: Qd = 400- 2P Qs = -50 + P Find the inverse demand-supply equations. Graph both the original and inverse demand-supply equations and highlight their differences (slope, interce..

Control costs for pmp project : List and describe at least two tools or techniques, highlighted in the PMI (Project Management Institute) Body of Knowledge, you could use to control costs for your PMP project? These tools and techniques may be from different PMI Knowledge Areas..

Describe networks fundamental characteristics and components : Write a 1-2 page paper that includes the following based on your chosen Local Organization: Explain the network's fundamental characteristics and components.

Equations represent the demand and supply of good : Suppose the following equations represent the demand and supply of a good: Qd = 400- 2P Qs = -50 + P Find the inverse demand-supply equations. Graph both the original and inverse demand-supply equations and highlight their differences (slope, interce..

Why globalization contributed to more complex ethical issues : Do you think it's possible for a company operating in many different countries to have a cohesive corporate culture?

User Account

All Pages