What is the equilibrium price and quantity in the market

Assignment Help Business Economics

Reference no: EM13147663

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 gauging 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: EM13147663

Questions Cloud

How long with the million dollars last : a rich man has 1,000,000 in the bank earning 7% interest. He plans to give away 100,000 at the end of the year and to increase his gifting by 10% each year there after. How long with the million dollars last?

Compare and contrast vegetative features : Compare and contrast vegetative features (i.e., features not directly involved in reproduction) of bryophytes and gymnosperms. For as many differences as possible, explain how the features of gymnosperms allow them to colonize dry environments bet..

What would happen in this market : 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 w..

Explain how claim is true even without a formal test : The population mean is greater than 200 and the sample mean is 215, we can say that the claim is true even without a formal test. I this true or false and why?

What is the equilibrium price and quantity in the 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.

Total amount on goodwill : The non controlling intrest shares of Float Corp. are not actively traded. What is the total amount on goodwill recognized at the date of acquisition?

Support the thesis of the "clash of civilizations"? : Do the media accounts of international events support the thesis of the "clash of civilizations"? Does the theory set the model for the analysis or do the events demand this analysis?

What are some possible explanations for retail sales : During the same period, retail sales in Japan fell 1.8 percent in real terms. What are some possible explanations for retail sales to consumers falling when GDP rises?

Appropriate journal entries that alpine : When should Alpine West recognize revenue from the sale of its season passes? Prepare the appropriate journal entries that Alpine would record on November 6 and December 31.

User Account

All Pages