What happen in market in terms of supply and demand curve

Reference no: EM13764216

A doctoral student has just completed a study for her dissertation and found the following demand and supply schedules for hand held computers to be as follows:

Price/Computer	Quantity Demanded	Quantity Supplied
$200	1000	2200
175	1250	2050
150	1500	1900
125	1750	1750
100	2000	1600
75	2250	1450
50	2500	1300
25	2750	1150

Questions:

Using Microsoft Excel, draw a graph illustrating the supply and demand in this market.
What is the equilibrium Price and Quantity in the market?
Now suppose the government imposes a special tax on these computers. Describe what would happen in this market in terms of the supply and demand curve.
Disregard the new tax in part three. Now assume that the government imposes a price ceiling of $100 in this market, as a result of protests of price gouging by the sellers. What would happen to the price and quantity in this market?
Disregard the events of part four. Assume that the manufacturers of this product lobby the government's lawmakers, in terms of this product being an essential for college students but they are considering halting production due to the lack of profits. The lawmakers agree and now set a price floor at $150. What would happen in this market?
If consumers' expectations were such that they were concerned about the economy and jobs, what would you think would happen in this market?

Reference no: EM13764216

Questions Cloud

Compare the institutional structure of these three countries : Determine whether your company is a producer of goods or services. What are the major products and/ or services provided by your company? Are those outputs sold only domestically or are they also exported?

What are the laws involving sales contracts : Will Amy's station as a college student impact the outcome of this case? What are the laws involving sales contracts and rights of the buyer

Civil commitment and criminal commitment : Explain the distinction between civil commitment and criminal commitment. Next, support or criticize the premise that civil commitment was the proper course of action in the case of Britney Spears

Analyze a variety of theory the passenger by marisa silver : analyze a variety of theory The Passenger by Marisa Silver. For these story analyses, please select different literary theories to analyze.

What happen in market in terms of supply and demand curve : What is the equilibrium Price and Quantity in the market and now suppose the government imposes a special tax on these computers. Describe what would happen in this market in terms of the supply and demand curve.

Identify the types of ethical challenges : Identify the types of ethical challenges discussed in the six articles. Determine which type of shadow, as described in Chapter 1 of Meeting the Ethical Challenges of Leadership, best describes each ethical challenge

Program creates the basic user interface code : Scenario and SummaryThis program creates the basic user interface code that can be used in the following week's iLab assignments. The assignment will help you get started using the programming environment and some practice with coding. You will al..

The literature review based questions : Preliminary conclusions on whether the evidence provides strong support for a change in practice or whether further research is needed to adequately address your inquiry.

Describe the significance of ghosts and the call to the dead : describe the significance of Ghosts, Memory & Historical Legacy, Music, Maternal & Paternal Lines, The Mark, The Piano and The Call to the Dead.

User Account

All Pages