What is the equilibrium price and quantity

Assignment Help Business Management
Reference no: EM131195029

1. The demand curve is Qd=50-8P; The supply curve is Qs=-17.5 +10P

a) What is the equilibrium price and quantity?

b) What is the market outcome if the price $2.75? What do you expect to happen? Why?

C/ What is the market outcome if the price is $4.25? What do you expect to happen? Why?

2. Assume initial equilibrium in the domestic automobile market. Using supply and demand analysis explain what will happen to both the equilibrium price and quantity if the following happens:

a) You hear on the news that a major technology breakthrough for producing automobiles has happened.

3. Assume initial equilibrium in the domestic automobile market. using supply and demand analysis explain what happen to both the equilibrium price and quantity if the following happens:

a) You hear on the news that the Japanese have increased the price of their cars (price of a substitute).

Reference no: EM131195029

Questions Cloud

Equilibrium level of real gdp : Consider a macro economy was initially at equilibrium level of real GDP.  Using an aggregate demand and aggregate supply diagram or model of the economy, graphically illustrate and discuss the short-run and long-run effects of the following events..
Find the area and size of screen required : It is required to produce an aluminum fraction that is 99% pure (by weight). Find the area and size of screen required.
Why is hearing a player piano like experiencing a ghost : How can we hear Joplin's music today? What type of recordings do we have? What is the title of the Joplin piano Rag that was played? Why is seeing and hearing a player piano like experiencing a ghost?
Developing goals and nursing interventions : The purpose of this assessment is to promote both problem solving and nursing care provision, related to a selected clinical scenario -
What is the equilibrium price and quantity : 1. The demand curve is Qd=50-8P; The supply curve is Qs=-17.5 +10P a) What is the equilibrium price and quantity? b) What is the market outcome if the price $2.75? What do you expect to happen? Why?
Estimate the diameter of cyclone required : If the pressure drop through a cyclone is assumed to be 1 in. of water, estimate the diameter of cyclone required for various air-flow rates to remove 1-in.-diameter aluminum chips
Construct a model that indicates an ordered binding series : Biochemistry Biol- 313 Spring 2016 Assignment. The purified proteins that are present in each foot printing reaction are indicated above the gel picture. From the data, construct a model that indicates an ordered binding series. Who binds to what? ..
Explain relationship between critical thinking and ethics : Write a paper of at least 525 words describing the relationship between Critical Thinking and Ethics. An explanation of how you can use critical-thinking when solving problems and the benefits of doing so.
Equilibrium level of output determined : In the Keynesian theory of output what is the mechanism that brings about the equilibrium level of output determined by aggregate demand?

Reviews

Write a Review

Business Management Questions & Answers

  Describe the primary system

Describe the primary system described in the story including the parts of the system, the system's purpose, also the larger system in which it is embedded.

  Write a note on qualification and curriculum authority

Goverment-led training initiatives-Write a note on 'Qualification and Curriculum Authority (QCA)' and 'National Vocational Qualifications (NVQs)'.

  What are the mandatory requirements of securing consent

What are the mandatory requirements of securing consent and how are they best documented? What strategies must the organization employ to secure informed consent? Why?

  Problem regarding the profitability analysis

Sportway Inc. Is a wholesale distributer supplying a wide range of moderately priced sporting equipment to large chain stores? About 60 percent of Sportway's products are purchased from other companies while the remainder is manufactured by Sportw..

  Identify the stakeholders affected by the gap or gaps

Identify the stakeholders affected by the gap or gaps. Propose an action plan to help bridge the gap or gaps and improve the company's relationship with its stakeholders.

  Evaluate the possible business models

Objective of the business case report is to develop your ability to convincingly argue a business case, which is a key function of business development.

  Change within an organization is inevitable whether it is

change within an organization is inevitable whether it is the result of such factors as the introduction of new

  Total expenses listed on an income statement

What will happen to the total expenses listed on an income statement when a company is operating at a loss?

  Review the merits of corporate growth and the situations

Review the merits of corporate growth and the situations in which a stability strategy might be more appropriate. Some say that a firm that isn't growing isn't healthy? Do you agree? Why or why not?

  Elements of servant leadership

How may elements of servant leadership also generate better follower performance?

  Concepts of informed consent and patient bill of rights

Write a short paper (1-2 pages) that explains the concepts of informed consent and the Patient Bill of Rights. Explain why they are important legal requirements in the care of a patient.

  Discuss pressure exerted by stock market on publicly traded

Discuss the pressure exerted by the stock market on publicly traded companies as well as the structure of stock securities including voting rights.

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