User Account

All Pages

Kind of disequilibrium situation results

Assignment Help Macroeconomics
Reference no: EM131376542

Instructions: Enter your responses as whole numbers.

(a) What is the equilibrium price? $

(b) If a minimum price (price floor) of $8 is set,

(i) What kind of disequilibrium situation results? (Click to select) shortage surplus

(ii) How large is it? Units

(c) If a maximum price (price ceiling) of $1 is set,

(i) What kind of disequilibrium situation results? (Click to select) shortage surplus

(ii) How large is it? Units

Price ($)

 8 

7

6

5

4

3

2

1

Quantity demanded

2

3

4

5

6

7

8

9

Quantity supplied

10

9

8

7

6

5

4

3

Reference no: EM131376542

Questions Cloud

Predecessors to the emergent technology : A visual historical timeline that diagrams at least three predecessors to the emergent technology - An assessment on how these three technologies influenced the development of the current technology
Knowledge of the price elasticity of demand : Based on your knowledge of the price elasticity of demand, do you think the deadweight loss of a soda/junk-food tax would be relatively large or relatively small? Why? Do you think taxing junk food would be a good idea? Based on your analysis, wou..
What type of collaboration tool would you build : What type of collaboration tool would you build?- How could you use the tool to facilitate planning, product development, product testing, feedback, and so on.
Estimate the rotating bending endurance limit : Estimate the rotating bending endurance limit and also the 103 -cycle fatigue strength for standard R. R. Moore test specimens made of steels having Brinell hard nesses of 100, 300, and 500.
Kind of disequilibrium situation results : (a) What is the equilibrium price? $ (b) If a minimum price (price floor) of $8 is set, (i) What kind of disequilibrium situation results? (Click to select) shortage surplus
Describe the background of the question : NURS 495:Consider the type of patient care issue that you would like to learn more about. You can also refer to the National Database of Nursing Quality Indicators for a list of possible topics to research.Describe the background of the question,..
Suppose country is about to open its markets for trade : Would You Benefit in the Short Run? Suppose a country is about to open its markets for trade. You work in an industry that has a comparative disadvantage. Would you be helped or hurt in the short run (explain your answer)? What about your long-run pr..
What are the common dss analysis techniques : What are the common DSS analysis techniques?- How does an electronic spreadsheet program, such as Excel, provide decision support capabilities?
Create a community health strategy : Select one of the age groups discussed in this unit (adolescents, adult, or elderly) and create a community health strategy for dealing with intentional and unintentional injuries (motor vehicle accidents, suicide, or violence)

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd