The demanded is equal to the quantity supplied

Assignment Help Microeconomics

Reference no: EM13544527

At the equilibrium price, the demanded is equal to the quantity supplied. At any other price (called a disequilibrium price) there is either a shortage or surplus. Calculate the amount of the shortage at a price of$ 5.30.

Reference no: EM13544527

Questions Cloud

What torque is required to drive the disk at 760 rpm : A flat disk spins within an oil-filled enclosure. Clearances between the enclosure to both sides of the disk is 2.3 mm. The disk surface (area subject to shear) extends from radius 10mm to 90 mm

If the required compaction is 95 percent of the target how : Base course aggregate has a target dry density of 119.7 lb/cu ft in place. It will be laid down and compacted in a rectangular street repair area of 2000 ft*48ft*6in. the aggregate in the stockpile contains

Determine the force of gravity acting between them compare : Two particles have a mass of 8 Kg and 12 Kg respectively. if they are 800 mm apart, determine the force of gravity acting between them. Compare this result with the weight of each particle.

Evaluate the impact of these changes on ridership : If the elastic values of Bus service demand with respect to fare & headway are -0.35 & -0.7 respectively. A Bus service system which currently carries 56,000 passengers per day plans

The demanded is equal to the quantity supplied : At the equilibrium price, the demanded is equal to the quantity supplied. At any other price (called a disequilibrium price) there is either a shortage or surplus. Calculate the amount of the shortage at a price of$ 5.30.

Give an example of a commerical product that embodies : Prescribes that design, to be sustainable, may incorporate the integral linking of two or more components such that each component both derives and supplies benefits from and to the other

Use matlab to determine how many days the price of stock a : Use MATLAB to determine how many days the price of stock A was above both the price of stock B and the price of stock C.

Computations are to be made for a street curve with : Knowing that each of the shafts AB, BC, and CD consists of a solid circular rod, determine (a) the shaft in which the maximum shearing stress occurs, (b) the magnitude of that stress.

Difference between receipts and payments : Is accounting profit equal to the difference between receipts and payments. Economic profit is the difference between receipts and the values of all factors of production? Explain.

User Account

All Pages