Find the market equilibriums algebraically

Assignment Help Macroeconomics
Reference no: EM131281670

Given the following demand and supply schedules, find the market equilibriums algebraically

a. Q=16-4p and Q=2p-2

b. Q=20-2p and Q=4p-4

c.Now graph them. Do you get the same answer?

Reference no: EM131281670

Questions Cloud

What stood out to you about personality assessment practices : Discuss what stood out to you about personality assessment practices. Reflect on current research trends that utilize this information and how the interpretation of these findings may vary across cultures.
Review the learning resources materials : Review the Learning Resources materials under the Course Resources tab in the left navigation of the course. Explore the resources available, view demos/tutorials and read the guides.
Estimate the rate of steam condensation per unit length : A vertical, rectangular water duct 1 m high and 0.10 m deep shown in the sketch is placed in an environment of saturated steam at atmospheric pressure. If the outer surface of the duct is about 50°C, estimate the rate of steam condensation per uni..
Did the dmh establish that it had a special need : When a governmental agency such as DMH conducts urinary drug tests, are they considered "searches" under the Fourth Amendment?
Find the market equilibriums algebraically : Given the following demand and supply schedules, find the market equilibriums algebraically
How selection criteria relate to hiring at organization : Identify the selection criteria and methods and how they relate to hiring at the organization in the article. Discuss the meaning or implication of the results of the study that the article covers.
Develop an initial configuration for a shell-and-tube heat : Based on the results of the rating calculations in part (b), specify what changes, if any, should be made to the configuration of the heat exchanger for the next trial.
Suppose the firm production function : Suppose the firm's production function is X=10K.2L.6  The price for the factors of production are Pk=10 and PL =20
What stakeholder groups can exercise legal power : What stakeholder group(s) can exercise legal power? Which of the following examples does not show a company guided by enlightened self-interest?

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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