Quantity demanded change

Assignment Help Macroeconomics
Reference no: EM132066300

Suppose the market demand curve for a good is represented by the linear equation Q = 60 - 0.75P. If the market price were to decrease from P = $60 to P = $40, then holding all other factors constant, how many units would quantity demanded change and how many dollars would total expenditures increase/decrease?

Reference no: EM132066300

Questions Cloud

How much did quantum technology earn during given year : The company paid common dividends of $32,600 in 20X2 and had retained earnings of $503,000 on December 31, 20X1.
What is the current beta on mmes common stock : What is the current beta on MME's common stock? Round your answer to 4 decimal places. Do not round intermediate calculations.
Evaluate what will be lane industries payout ratio : If Lane establishes its dividends from the residual dividend model, what will be its payout ratio? Round your answer to 2 decimal places.
Calculate the portfolios required return : The market's required return is 11% and the risk-free rate is 3%. What is the portfolio's required return?
Quantity demanded change : How many units would quantity demanded change and how many dollars would total expenditures increase/decrease?
Money supply to grow at a faster rate : Explain how the Fed can cause the money supply to grow at a faster rate and how such expansionary policy is likely to affect interest
What will be lane industries payout ratio : Quantitative Problem: Lane Industries is considering three independent projects, each of which requires a $2.4 million investment.
Determine the marginal revenue of the monopolist : A monopolist faces a demand curve given by D(p)=3-3p. Its cost function is C(q)=6q.
What is the the market supply function : Suppose a market has two identical sellers. If each seller's supply function is given by P = 20 + 2Q, then what is the the market supply function?

Reviews

Write a Review

Macroeconomics Questions & Answers

  What was the most eye opening information

What was the most "eye opening" information you learned about droughts? Why did you find it so interesting?

  Smaller multiplier than government spending

Why is it that taxes tend to have a smaller multiplier than government spending? If government spending and taxes were both to be increased by the same amount, would there be any change in income? Why or why not?

  Calculation of expected utility-maximum amount of insurance

Ms. Fogg is planning a trip where she plans to spend $10,000-What is the maximum amount that Ms. Fogg is willing to pay to insure the $1,000?

  Amounts of a good or service at every price

Define a situation in which a change in the marketplace prompts consumers to buy different amounts of a good or service at every price.

  Differences in marketing and manufacturing processes

Segwick Corp. manufactures men's shoes, which it sells through its own chain of retail stores. The firm is considering adding a line of women's shoes. Management considers the project a new venture because there are substantial differences in mark..

  What is adam mpc out

In year one, Adam earns $1,000 and saves $100. In year 2, Adam gets a $500 raise so that he earns a total of $1,500. Out of that $1,500, he saves $200. What is Adam's MPC out of his $500 raise. Explain your answer.

  Present a thorough analysis of economic growth

Present a thorough analysis of economic growth. What are the factors that contribute to economic growth? Provide your perspective as to what our society can do to enhance economic growth.

  Analyze target country in terms of macroeconomic variables

In 260 words Analyze your target country in terms of macroeconomic variables like population, GDP, inflation, interest rate, and others

  What is the natural rate of the unemployment

What is the relationship between potential output and the natural rate of unemployment If the economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent.

  Inverse demand curve for widgets

The inverse demand curve for widgets is P = 130-2Q. There are two firms, A and B, who produce wid- gets. Each firm has a constant marginal and average cost of producing the good that equals 10. Firms compete in quantities and they make their quant..

  What is its net income

Y3K, Inc., has sales of $6,199, total assets of $2,815, and a debt–equity ratio of 1.20. If its return on equity is 12 percent, what is its net income?

  Desperate to replace gas-guzzling planes

When oil prices were high, airlines were desperate to replace gas-guzzling planes with new, fuel-efficient ones. Given the daunting commercial outlook, many preferred to lease their new jets, leaving the leasing firms to stump up the capital requi..

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