What are the equilibrium quantity and price in this market

Assignment Help Business Economics

Reference no: EM13815985

Suppose demand and supply are given by Q_d = 100 - P and Q_s = 2P + 25.

1. What are the equilibrium quantity and price in this market?

2. Determine the quantity demanded, the quantity supplied, and the magnitude of the surplus if a price floor of $ 40 is imposed in this market.

3. Determine the quantity demanded, the quantity supplied, and the magnitude of the shortage if a price ceiling of $ 15 is imposed in this market. Also, determine the full economic price paid by consumers.

Reference no: EM13815985

Questions Cloud

Availability of healthcare providers : Explain the strengths and weaknesses based on the following factors: cost, quality, access, availability of healthcare providers, technology, and the health delivery system's structure. Document any sources you use in APA format.

Describe the key characteristics of a whistleblower : Describe the key characteristics of a whistleblower, and briefly summarize one (1) researched instance of whistleblowing in one (1) publicly traded company within the last 12 months. Include the details of the issue that the whistleblower reported an..

Criteria of effectiveness for several familiar leadership : The purpose of this assignment is to examine similarities and differences in criteria of effectiveness for several familiar leadership roles. In a three- to four-page paper (excluding the title and reference pages)

Estimate the value of a share of stock : Estimate the value of a share of stock given the following information: a forward PE ration of 12, current (year 0) EPS of $1 and analyst expectation of EPS growth of 10% over the next 2 years. Need step by step details for solution

What are the equilibrium quantity and price in this market : Suppose demand and supply are given by Qd = 100 - P and Qs = 2P + 25. What are the equilibrium quantity and price in this market? Determine the quantity demanded, the quantity supplied, and the magnitude of the surplus if a price floor of $ 40 is imp..

Explain a complete cost analysis for outsourcing : Ensure you fully answer all four questions to include a complete cost analysis for outsourcing the online help desk as directed in the first question.

Cultures-specifically their economic : What do you know about these cultures-specifically their economic, political, educational, and social systems-that could help you in getting them together?

How long does roy have to pay off the loan : Roy owes $120,000 on the home, which sells for $75,000 at the sale. Is he personally liable for the remaining $45,000? After the sale, how long does Roy have to pay off the loan and receive the home back

Denial as a defense mechanism : Denial as a Defense Mechanism

User Account

All Pages