User Account

All Pages

What is the equilibrium price and quantity

Assignment Help Business Management
Reference no: EM132194716

Consider the market demand and supply given by the following: Qd = 50 - P and Qs = 2.5 + 1.5P. Use this information to answer the following questions.

  1. What is the equilibrium price and quantity?
  2. If the government sets a price floor of $25, what is the surplus/shortage? If the government buys the surplus, what would be the cost to the government?

Please include the letter for each part of your answer (a, b).

Reference no: EM132194716

Questions Cloud

Recent hire with a financial firm : As a recent hire with a Financial Firm, you have been asked by one of your customers, who is in 30% marginal tax bracket to make specific recommendations
Calculate the consumer surplus : Calculate the consumer surplus, producer surplus, total costs of care and dead weight loss. What are the implications of this model
List the things a government does una command economy : List the things a government does una command economy?
Calculate gdp and real gdp : Calculate GDP and Real GDP from the following information. Consumption=1,000. Private Investment=150.
What is the equilibrium price and quantity : Consider the market demand and supply given by the following: Qd = 50 - P and Qs = 2.5 + 1.5P. Use this information to answer the following questions.
Confidence interval around sample mean : A sample of 30 orders averaged $81.25. What is the 90% confidence interval around this sample mean?
Confidence interval for the population proportion : Which of the following intervals represents a 96 percent confidence interval for the population proportion?
Wants a vehicle navigation system : What is the probability that a person wants a better fuel efficiency given that he wants a vehicle navigation system?
Which workers will be hired and how much will they make : There is a 50% chance that an employee is skilled. Which workers will be hired and how much will they make?

Reviews

Write a Review

Business Management Questions & Answers

  Possibility occurs that images can interfere

But in all of our creations, the possibility occurs that images can interfere with the natural, necessary order of a thing.

  How has gavinas distribution strategy affected

Sketch out as many consumer and business channels for Gaviña as you can. How does each of these channels meet distinct customer needs?

  Conduct a duration analysis for the? bank

Conduct a duration analysis for the? bank, and show what will happen to the net worth of the bank if interest rates rise by 2 percentage points.

  Prepare a report on e-commerece

Prepare a seven page report on E-COMMERECE - Arab international - strategies and techniques being used to promote e-commerce practices

  The appraisal profession

Research Paper will require students to submit 5-6 double-spaced, typed pages regarding a topic identified in the textbook or another topic relative to this course. Suggested topics are: 1. The Appraisal Profession

  Empowerment and delegation tools

Empowerment and delegation are two tools that are necessary to be a successful leader.  Empowerment is defined by the author as helping others develop a sense of self-efficacy, self-determinism, personal control, meaning, and trust.

  Supervisory management -stephen p robbins david a

supervisory management -stephen p. robbins david a. decenzocan you help me with the following project?assignment

  Select one information system in use at an organization

Select one information system in use at an organization with which you are familiar (e.g., work, library, school, government agency, or community organization).

  Development of the european monetary system

Outline the development of the European Monetary System. Why did it develop?

  Putting carbon in the atmosphere

How many tons of carbon will the US emit if there is no cost to putting carbon in the atmosphere?

  Assess communications channels vertically

Just need a Short paragraph please of the question below. Assess communications channels vertically and horizontally in organizations and the implications.

  Structures or by individual or group irresponsibility

To what extent are organizational problems caused by inadequacies in internal structures or by individual or group irresponsibility

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