Find the equilibrium price of good x

Assignment Help Microeconomics
Reference no: EM13664557

Suppose the market demand for good x is given by the equation Qd= 1000-20P, and the market supply is given by the equation Qs= 500+30P, find the equilibrium price of good x.

Reference no: EM13664557

Questions Cloud

The economy of the land of midnight sun : The economy of the land of midnight sun
People who play on public golf courses : "Sunk costs matter. People who pay $25,000 to join a golf club play golf more frequently than people who play on public golf courses
Explain why the marginal benefit to emissions abatement : Explain why the marginal benefit to emissions abatement
A hurricane in south carolina damages the cotton crop : A hurricane in South Carolina damages the cotton crop.
Find the equilibrium price of good x : Suppose the market demand for good x is given by the equation Qd= 1000-20P, and the market supply is given by the equation Qs= 500+30P, find the equilibrium price of good x.
Information about the company is readily available : Information about the company is readily available.
Define the factors that shift the ppc outward during ww2 : Define the factors that shift the ppc outward during ww2
The federal open market committee : The Federal Reserve issued the Federal Open Market Committee (FOMC) statement after its meeting. This information is highly anticipated because it clarifies the stance of monetary policy in the future.
The original number of moles of air in the balloon : The original number of moles of air in the balloon?

Reviews

Write a Review

Microeconomics Questions & Answers

  Using leadership theories examine the selected leader to

selectnbspand describe a leader you admire. your selected leader may be either a real-life individual or a fictional

  Provide an intuitive explanation of concept of present value

1. Why is it necessary to understand the concept of present value to analyze the schooling decision 2. Provide an intuitive explanation of the concept of present value.

  Determine the equilibrium price and quantity

Determine the equilibrium price and quantity and explain its meaning to your chosen company. Indicate how your chosen company's management should use this information to make sound strategic decisions.

  What determines whether the financial asset is included in

1.what determines whether a financial asset is included in the m1 money supply? why are interest-earning checkable

  Discuss the motivation of policymakers

1.Government policymakers may be elected politicians or appointed experts. Describe some of the specific decisions made by policymakers that affect you personally 2. Discuss the motivation of policymakers. Are they held accountable by voters

  You are the manager of a small pharmaceutical company that

You are the manager of a small pharmaceutical company that received a patent on a new drug three years ago (patents in the U.S. are valid for 20 years). Despite strong sales ($125 million last year) and a low marginal cost of producing the product ($..

  What would be production possibility frontiers for brazil

suppose that there are two products clothing and soda. both brazil and the united states produce each product. brazil

  What policies were necessary to restore balance

Leading up to the crisis of 1997, Thailand had a current account deficit and an economy that was close to full employment, but possibly somewhat above full employment (i.e. there were signs of inflation starting). Where would you put Thailand on t..

  What challenges does shelly face as considers three options

Shelly, whose grandmother gave her a family recipe for making pies, loved to cook, and she decided to staft a business she called Mrs. Acres Homemade Pies. The company produces specialty pies and sells them in local supermarkets and select family ..

  When company will consider a merger

The possible merger currently faces some threats and that the industry decides on self-expansion as an alternative strategy, describe the additional complexities that would arise under this new scenario of expansion via capital projects.

  The world of videos operates a retail store that rents

the world of videos operates a retail store that rents movie videos. for each of the last 10 years world of videos has

  Example of monopolistic competition

Describe why the following is an example of monopolistic competition: There are a number of fast-food restaurants in town, and they compete fiercely.

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