Illustrate which of the subsiquent is true.

Assignment Help Business Economics
Reference no: EM1358382

Suppose the demand for pizza is given by Q=40-2P and the supply of pizza is given Q=P-8. if the price of pizza is $19, which of the following is true?

a. there will be excess demand of 8 pizzas

b. there will be excess demand of 10 pizzas

c. there will be excess demand of 6 pizzas

d. there will be excess demand of 9 pizzas

Reference no: EM1358382

Questions Cloud

How web caching can reduce delay in receiving object : Describe how Web caching can reduce the delay in receiving a requested object. Will Web caching reduce the delay for all objects requested by a user
Explain how much will your firms total revenues : Explain how much will your firm's total revenues (revenue from both products) change if you increase the price of good X by 1 percent.
Variables for adhd : As there are many disorders for which individuals are being treated for daily in clinics, ADHD is one of those most commonly seen disorders, especially in children and adolescents.
Indirect labour hour calculations : In the past, TTTH Inc. allocated indirect manufacturing costs based on direct labor hours. Recently, management has decided to pilot a system of time-driven activity-based costing (TDABC) to allocate these costs. Determine the indirect labor suppor..
Illustrate which of the subsiquent is true. : Suppose the demand for pizza is given by Q=40-2P and the supply of pizza is given Q=P-8. if the price of pizza is $19, Illustrate which of the subsiquent is true.
What value does tuning fork give for speed of sound in air : What value does this give for the speed of sound in air. What is the speed of the ball at that point.
Sport management personnel : Sport management personnel - Explain how the history of the sport business industry can be helpful for sport management personnel today.
Identify data structures to organize typical file cabinet : Identify at least two data structures that are used to organize a typical file cabinet. Why do you feel it is necessary to emulate these types of data structures in a computer program?
Biological or psychological reasons for adhd : How might you make a case for biological/psychological reasons for ADHD as opposed to poor environmental fit?

Reviews

Write a Review

Business Economics Questions & Answers

  Elucidate how a temporary decrease in the us money supply

Elucidate how a temporary decrease in the U.S. money supply affects the money and FOREX markets. Label your short-run equilibrium point B and your long-run equilibrium.

  Illustrate what type of unemployment will then occur

illustrate what type of unemployment will then occur. What is the natural rate of unemployment.

  Aerospace division of general aeronautics

The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launch services to commercial firms.

  Illustrate the effect of captial formation by production

Illustrate the effect of captial formation by comparing the production possibilty curves, at the present time and ten years in the future, for two economies.

  Survey of households in a small town

What is the confidence interval for the proportion of households represented at a town meeting. Survey of households in a small town showed that in 850 of 1,200 sampled households.

  Illusrtae what is the equilibrium quantity of cigarette

Use the calculator to answer the question below. With a new government tax of $20 per carton, illusrtae what is the equilibrium quantity of cigarette cartons.

  Elucidate what would be the right mix of monetary

Elucidate what would be according to your opinion the right mix of monetary and fiscal policies for years 2011-2012. Elucidate what would be according to your opinion the appropriate structure of your investment portfolio.

  Blue line circle symbols is a demand-for-money line

The blue line circle symbols is a demand-for-money line and the orange line square symbols is a money supply line.

  Illustrate what are the opportunity costs of production

Illustrate what are the opportunity costs of producing X and Y for Leah and Tim; and if specialization is possible, which good should Leah specialize in? and How about Tim.

  Developing - emerging economy

Describe how a developing - emerging economy can benefit from trade with a wealthy country even if it has no absolute advantages.

  Illustrate what obligations do we have to society at large

illustrate what obligations do we have to society at large, including the world?" really make a difference in a company's competiveness.

  Monopolistic competition oligopoly and monopoly.

In economic terms, when the wage rate increases we sometimes see the number of hours worked by individuals decrease now.

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