Derive market equilibrium and illustrate it graphically, Microeconomics

Assignment Help:

Market demand and supply of a good is shown by QB = 2,160 - 180P and QS = -2400 + 300P where QD, QS and P stand for quantity demanded, quantity supplied and price respectively.

(a) derive market equilibrium and illustrate it graphically.
(b) Derive the market equilibrium in the presence of a unit tax of $4 and illustrate the after-tax market equilibrium graphically.

Related Discussions:- Derive market equilibrium and illustrate it graphically

Favor of selling inventories, If producers expect future prices to enhance,...

If producers expect future prices to enhance, current supply will decline in favor of selling inventories at higher prices later. In other words, supply will reduce (a shift to th

Facilitating restructurings, Facilitating Restructurings- rationale in era ...

Facilitating Restructurings- rationale in era of globalisation: There has been some progress in the last few years in efforts to improve the framework for sovereign restructur

Theory of revealed preference, THEORY OF REVEALED PREFERENCE: If consu...

THEORY OF REVEALED PREFERENCE: If consumer's taste and preferences do not change, then observation of her market behaviour or, actual act of choice between the commodity sets

What do you meant by retained earnings, Q. What do you meant by Retained Ea...

Q. What do you meant by Retained Earnings? Retained Earnings: Business profits that aren't distributed to shareholders (by dividends or other pay-outs) thoughinstead are retain

Movements in demand, diagram of extension and contraction in demand?

diagram of extension and contraction in demand?

Market segmentation, what are the uncontrolled variables you think may affe...

what are the uncontrolled variables you think may affect the segment of your camera

Assignement, need help for my micro assignment

need help for my micro assignment

Lndifference curve, Indifference curve definition

Indifference curve definition

Types of unemployment, Question 1: a) Describe the different types of u...

Question 1: a) Describe the different types of unemployment that exist. b) Critically examine how monetary policy will be used to deal with inflation. c) Critically deter

Trade ., Nations trade what they produce in excess of their own consumption...

Nations trade what they produce in excess of their own consumption to:

Write Your Message!

Name

Email id

Message

Verfication Code

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

User Account

All Pages