Resulting full economic price

Assignment Help Business Economics
Reference no: EM131438990

Can someone do this and show their work for me to see? - Thanks 

Suppose market demand and supply are given by Qd = 100-2P and Qs =5+3P. If a price ceiling of $15 is imposed, what will be the resulting full economic price?

Reference no: EM131438990

Questions Cloud

Difference between recessionary gap and inflationary gap : Explain the difference between recessionary gap and inflationary gap. Discuss how a "conservative" and a "liberal" might differ in the types of policies they advocate to counteract a recessionary gap
How do you determine if a utility function is homothetic : How do you determine if a utility function is homothetic? I understand that definitions say that if the MRS depends only on the ratio of the two goods, then the utility function is homothetic. Yet I have trouble understanding how to actually apply..
What is the market clearing price : Assume that Lexar and Corsair act as perfectly competitive firms and that Chinesegoods flow freely into the United States. Draw the aggregate (e.g. including all firms)supply curve for this industry in the space below. What is the market clearing ..
Persuasion to persuade consumers about their brands : This concept relates to instrumental conditioning and the fact that each time a behavior occurs it is reinforced. When it comes to purchases that are high involvement purchases, marketers should use the ____ to persuasion to persuade consumers about ..
Resulting full economic price : Suppose market demand and supply are given by Qd = 100-2P and Qs =5+3P. If a price ceiling of $15 is imposed, what will be the resulting full economic price?
Wirte a research paper on a topic of psychopharmacology : Throughout this course, you will write a research paper on a topic related to psychopharmacology and addictions.First, choose a topic you are interested in for your research paper. The topic can be from any topic covered in the course.Submit your ..
Write an essay on the lunch box movie : Watch movie " The Lunch Box" and write a 500 words essay about this movie and focus on the culture elements.
What about the aggregate demand : Assume that the Government has announced a cut in Government Spending followed by a tax increase: What about the aggregate demand (AD)? Use the Keynesian cross
What is excel trendline tool : What type of model would best represent the data? Use the Excel Trendline tool to find the best among the options provided.

Reviews

Write a Review

Business Economics Questions & Answers

  Short-run tradeoff between inflation and unemployment

Explain what causes the shift in the Short-Run tradeoff between inflation and unemployment? Analyze the effects of Tax Cuts, Increasing Government Purchases, and Quantitative Easing using the IS-LM model. Do you believe that all these policies are ef..

  Practice first-degree price discrimination

A firm selling in two markets is practicing price discrimination. To successfully practice price discrimination. If it could practice first-degree price discrimination, a firm with market power could earn

  Determine the optimal capital-labor ratio

Acme Container Corporation produces egg cartons that are sold to egg distributors. Acme has estimated this production function for its egg carton division: Acme currently pays a wage of $10 per hour and considers the relevant rental price for capital..

  Suppose that the equilibrium price in the market

Suppose that the equilibrium price in the market is $10. If the current market price is $7.50:

  Q1 expectations and consumer confidence are important in

q1. expectations and consumer confidence are important in determining fluctuations in aggregate spending. in your

  What is likely to occur in this market and why

firms marginal cost curve crosses marginal revenue curve at an output level of 1,000 unit. What is firms current profit. What is likely to occur in this market and why.

  Q this graph shows the quantity of electricity that

q. this graph shows the quantity of electricity that consumers demand by the government at a regulated price set. each

  Military personnel were stationed abroad

Some people believe that if no U.S. military personnel were stationed abroad, terrorists would have less desire to harm the United States and its citizens. Do you agree? Why or why not? 75 to 150 words only.

  Would you be prepared to bid lower to get a contract

How would you value the goodwill that is obtained in this way? Guided Response: Think about an example that pertains to you.( health care) If there is expected goodwill would you be prepared to bid lower to get a contract?

  In the monetarist model

In the monetarist model

  Business produces a secret recipe salsa

Your family business produces a secret recipe salsa and distributes it through both smaller specialty stores and chain supermarkets. The chains have been demanding sizable discounts but you do not want to drop your prices to the specialty stores. How..

  Sale of product and the value of price elasticity of demand

If the price of X drops from $1 to 80 cents, and the quantity rises from 2,000 pounds purchased to 3,000 pounds purchased what can we say about the relationship between total revenue from the sale of X and the value of the price elasticity od demand?..

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