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

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

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