Illusrtate the equilibrium point, Macroeconomics

Assignment Help:

QXd = 14 - (1/2)PX and QXs = (1/4)PX - 1

Instructions: Round your answers to the nearest whole number.

a. Determine the equilibrium price and quantity. Show the equilibrium graphically.

Equilibrium price:

Equilibrium quantity:

Use the tools provided to graph the inverse supply function 'S' and the inverse demand function 'D' from X = 0 to X = 6 (two points total for each) and indicate the equilibrium point.


Related Discussions:- Illusrtate the equilibrium point

Find real interest rate and nominal interest rate, Assume that an economy's...

Assume that an economy's GDP Y=5000. Also assume that the government runs a deficit where tax revenue T=1000 and government expendituresG= 1500. The consumption function is represe

Define market for overnight loans, Q. Define market for overnight loans? ...

Q. Define market for overnight loans? The market for overnight loans Overnight interest rates are rates for loans over a single night - these are the shortest of all inte

Lewis model., applicability of the lewis model in developing countries

applicability of the lewis model in developing countries

Determine about the gross domestic product growth, Determine about the gros...

Determine about the gross domestic product Growth By (nominal) GDP-growth we mean % change in (nominal) GDP over a particular period of time. Real GDP growth is stated as perce

Product information to consumers, Should the government increase, decrease ...

Should the government increase, decrease or remain the same in its level of intervention when it comes to mandating that companies provide product information to consumers? What ha

Permanet inocme, if your earning records over year has been:Yt=$40000 Yt-1=...

if your earning records over year has been:Yt=$40000 Yt-1=$38000 Yt-2=34000 Yt-3=$32000 YT-4=31000,What is the your permanet income?

Progressive income tax, Because the structure of the personal income tax is...

Because the structure of the personal income tax is progressive, a larger share of income is taxed at higher rates as real income increases. Therefore, economic growth automaticall

Trade liberalisation under wto, TRADE LIBERALISATION UNDER WTO: In  th...

TRADE LIBERALISATION UNDER WTO: In  the Uruguay Round negotiations, India agreed to reduce tariff on a  large number of  commodities and  remove quantitative restrictions (QRs

Write Your Message!

Captcha
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