User Account

All Pages

What will be the new equilibrium quantity

Assignment Help Business Management
Reference no: EM132240672

The supply of a good is known to be Q = 1000P - 15,000. The demand is (partially) known to be Q = -500P - aI + 41,250. Currently the Income (I) Elasticity is thought to be -0.75, I is known to be $60000 and the equilibrium quantity is known to be 15,000 units. What will be the new equilibrium quantity if Incomes fall to $50000?

Reference no: EM132240672

Questions Cloud

Provide a reflection of how the knowledge could be applied : Provide a reflection of how the knowledge, skills, or theories of this course could be applied, in a practical manner to your current work environment.
How will the reports differ for a multi-national corporation : What types of internal and external accounting reports will you use in the process of making decisions? How will the reports differ for a multi-national.
What did you actually accomplish on the project this week : What did you expect to accomplish on the project this week? What did you actually accomplish on the project this week?
Connection between opportunity cost and scarcity : What do economists mean when they cite opportunity cost and what's the connection between opportunity cost and scarcity?
What will be the new equilibrium quantity : What will be the new equilibrium quantity if Incomes fall to $50000?
What is the most important piece in the mix : Each piece of the marketing mix plays an important role. What is the most important piece in the mix and explain why it's the most important.
How will end users typically respond to such announcements : How might an organization notify its users that all communications are being monitored and preserved?
Write description of basic origins and teachings of daoism : Write a 175- to 350-word summary of Daoism that includes a brief overview of significant events in the history of Daoism, and a description of the basic origins
What likely effect will its emphasis on electronically store : At the end of 2006, a new edition of the Federal Rules of Civil Procedure (FRCP) went into effect. Using a Web search tool, learn more about the FRCP.

Reviews

Write a Review

Business Management Questions & Answers

  Effectiveness and persuasive value

Find print ads using each of the following advertising appeals: fear, sex and humor. Discuss their effectiveness and persuasive value.

  Determining the structure of the organization

Select a facility of your choice (hospital, nursing home, ambulatory care, etc.) and apply the studied aspects of healthcare organizational management: structure of the organization, technology used, ethical and legal environment, managerial pract..

  Have you or someone you know been through downsizing

Have you or someone you know been through downsizing? Was it handled at all as in our text? Did you feel employees were respected?

  Question about motivation theories

Show which of the following motivation theories would be most effective to motivate these employee groups and explain

  How do the tenets of ginnetts team leadership model

How do the tenets of Ginnett's Team Leadership Model compare with the components of team performance described earlier -  If a group holds counterproductive norms, what should the leader do?

  Facilitating strategy formulation

Strategic planning involves a variety of intrapersonal and interpersonal skills, and each phase of the process may require different approaches in order to be successful. This Application Assignment asks you to consider what the most critical skil..

  Target market segment

Suppose that a business researcher is attempting to estimate the amount that members of a target segment spend annually on detergent and wants to use a Z-value of 1.96.

  Economy wide growth of investment

Assuming that a representative economy is at the long-run equilibrium, suppose the economy experiences improved consumer confidence that increases the economy wide growth of investment.

  Describe the employers obligations

How do you describe the employers' obligations under worker's compensation laws?

  What was the weighted mean hourly charge for her legal

Last week one of the associates spent 10 hours consulting with her client, 10 hours researching the case, and 20 hours writing the brief.

  Which would you recommend to mci

the competitive and regulatory evolution of the industry, recommend a capital structure policy for MCI and defend your proposal. Given four financial alternatives, which would you recommend to MCI?

  Social problems - white collar crime

who believes that street crime is more harmful than white-collar crime, is surprised to find that, compared to every other category of crime, the crime that generates the smallest volume of transfers

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd