User Account

All Pages

Problem regarding the demand and supply equations

Assignment Help Macroeconomics
Reference no: EM131077219

Assume the following demand and supply equations: Qd = 1000 - 40P, and Qs = 400 + 20P.

  • Calculate the intercepts and the slopes of the two curves.
  • Calculate the equilibrium price and quantity.
  • Calculate the elasticity at the equilibrium and interpret the answer.

Reference no: EM131077219

Questions Cloud

Reaserch report on symbolism of fire in cultures : Prepare a reaserch report on symbolism of fire in cultures
Prepare project plan for achieving the students career goal : Prepare a project plan for achieving the student's career goal. The plan will state a clear career goal and include a summary of all the research done in setting and defining the goal, results of self-evaluation, project management charts, a resum..
Probability that a randomly selected game : What is the probability that a randomly selected game will last between 120 and 210 minutes?
Recent example of a merger announcement : Look at a recent example of a merger announcement, and log on to the website of the acquiring company. What reasons does the acquirer give for buying the target?
Problem regarding the demand and supply equations : Assume the following demand and supply equations: Qd = 1000 - 40P, and Qs = 400 + 20P. Calculate the intercepts and the slopes of the two curves.
Prepare a statement comparing the depreciation expense : Prepare a statement comparing the Depreciation Expense and Net Book Value per year under both methods - What is a stock split? Why would a company choose to split its stock?
Calculate the own price elasticity of demand : Calculate the own price elasticity of demand and interpret your answer. Calculate the cross price elasticity and interpret your answer. Calculate the income elasticity and interpret your answer.
Increase in gdp generated by margret activity : a. What was the increase in GDP generated by Margret's activity? b. What are her certain contributions to consumption, investment, and net exports? c. What is the value of production that was newly created by margret's productive activity?
What part of the assignment did you find most difficult : Explain your process for coming up with the functions that represent your object or event. Explain the point of reference you chose and why you chose it, how you measured or gathered the data you need, etc.

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