Price controls-What would be the equilibrium price

Assignment Help Business Economics

Reference no: EM13834274

Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium price?

Reference no: EM13834274

Questions Cloud

Relationship between interest rate and length of annuity : Let’s explore retirement planning analysis by calculating the data and sketching a graph that shows the relationship between interest rate and length of the annuity, i.e. the period that monthly withdrawals are made from the retirement account.

Prepare a tax research memorandum and client letter : A and C is a famous country-and-western singer. As an investment, A and C started a chain of barbecue restaurants called ACs Terrific Ribs. AC’s friends and associates invested $600,000 in this venture. Flake felt that he personally had to make good..

What is overall profit-profit-maximizing price and quantity : A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal co..

Price controls-What would be the equilibrium price : Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium price?

The sale price of the jacket : the sale price of the jacket

Identify diverse hr functions that may incorporate an hris : Identify the diverse HR functions that may incorporate an HRIS and explain how these functions would utilise HRIS with reference to a specific job/ category of jobs in an organisation.

Wholesale skim milk market is perfectly competitive : Assume that the wholesale skim milk market is perfectly competitive. Suppose demand is described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium quantity?

Calculate the total surplus of market with the price ceiling : A market has a demand curve described by P=30-Q, a supply curve described by P=16+Q, and a price ceiling of 20. Calculate the Total Surplus of the market with the price ceiling

User Account

All Pages