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
Explain why each of the following factors may influence the own price elasticity of demand for a commodity. (i) Consumer preferences, that is, whether consumers regard the commodi

The goal is to replicate a real life product development and familiarize students with the invent process of a system, component, or process to meet desired wants within realistic


what is the demand when expanding healthcare infrastructure?

LINKAGES OF BUREAUCRACY WITH THE KNOWLEDGE CENTRES: The Government employees must make use of knowledge generated in higher seats of learning for implementing economic policie

subsitution effect dominate tha income effect in which good case?

Use two market diagrams to explain how an increase in state subsidies to public colleges might affect tuition and enrollments in both public and private colleges.

Ask questiowhat are the importance of the branches of economics

Use a PPF to explain the difference between actual and potential growth. The PPF shows possible output, taking into consideration all factors of production - but de facto outpu

Explain in detail the concept of PPC with suitable eg.