Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The demand curve for product X is given by QDx = 220 ? PX + 3PY + 0.001I where PY is the price of a related good Y, and I is income. The supply curve for good X is given by QSX =10+3PX.
a) What is the marginal effect of an increase in PY on the equilibrium price of good X?
b) How much do we need to increase income, if we want people to trade 5 more units of product X?
c) Assuming PY = 2 and I = 50, 000, what is the equilibrium price and quantity for good X?
d) What is the cross price elasticity of demand of good X with respect to good Y at the equilibrium point calculated above? Are these goods substitutes or complements?
e) What is the income elasticity of demand at the equilibrium point calculated above? What can you say about this good? Is it a normal or inferior good?
f) Assuming the same values for PY and I, find the value of PX that would result in a surplus of 100 units. Also find the value of PX that would result in a shortage of 100 units.
When aggregate demand shifts left along the short run aggregate supply curve, then unemployment?
For proportional tax system presented in table 7, illustrate what are average tax rates for people earning $50,000, $100,000 and $200,000. Illustrate what are corresponding average tax rates in regressive and progressive tax systems.
A country has national saving of $80 billion, government expenditures of $40 billion, domestic investment of $60 billion, and net capital outflow of $20 billion. What is its demand for loanable funds?
Paul owns a home on the top of a hill and enjoys an unobstructed view of a large wooded area.
q1. discuss the two views of government intervention in a market-based health care system. illustrate role does the
Apple has had some success in unseating Windows, or at least reducing its market share. Select the top two strategies, in order, that you believe have contributed to this success.
Suppose firms compete in quantities. How much does each firm sell in Cournot equilibrium.
How many units of labor should be employed? b. How many units of capital should be employed? c. What would be the total cost of production?
Find out statistics on the web from 2004 to present on following indicators of the macroeconomic conditions of the U.S. economy.
Illustrate what additional effects follow this initial effect. Illustrate what is total effect of tax cut on aggregate demand.
Which of the variables above is NOT statistically significant at the 0.05 level.
Find out the optimal price-quantity if the firm is not able to price discriminate.
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd