Aggregate demand for wheat, Microeconomics

Aggregate Demand For Wheat

The demand for U.S. wheat is comprised of domestic demand and export demand.

The domestic demand for wheat can be given by the equation:

-QDD = 1700 - 107P

The export demand for wheat can be given by equation:

-QDE = 1544 - 176P

Domestic demand is price inelastic (-0.2), while export demand is quite more price elastic (-0.4).

2188_aggregate demand for wheat.png

Posted Date: 10/10/2012 7:43:03 AM | Location : United States







Related Discussions:- Aggregate demand for wheat, Assignment Help, Ask Question on Aggregate demand for wheat, Get Answer, Expert's Help, Aggregate demand for wheat Discussions

Write discussion on Aggregate demand for wheat
Your posts are moderated
Related Questions
Implications of Williams model of managerial discretion in Nepalese industries

Suppose you are a painter, and the price of a gallon of paint increases from $3.00 a gallon t $3.50 a gallon. Your usage of paint drops from 35 gallons to 20 gallons a month. 1. Co

Simple Inventory Model  Firstly, the product level initiates a demand, which generates a demand at the component level and then in turn at the raw material level. Think of an

The Technology of Production *  The Production Process - Combining inputs or the factors of production to attain an output *  Categories of Inputs (or the factors of prod

chemistry assignments ,  Neutron diffraction supplements x-ray diffraction and is particularly helpful in locating hydrogen atoms. An x-ray beam is scattered primarily as a result

Problem 1: a) Explain the different types of unemployment that exist. b) Critically examine how monetary policy can be used to deal with inflation. c) Critically examine

What actions could a government take in order to keep the price above market equilibrium? There are four basic possibilities here; 1) Minimum price;  2) A tax on the good

PEST analysis Political factors: The political factors include laws and regulations in the market and this influences the market activities. These laws and regulations a

Q. What do you meant by Multinational Corporation? Multinational Corporation: A multinational corporation (MNC) is a company that directly undertakes productive facilities or o

in the context of managerial economics how do you explain a rational producer.illustrate giving example.