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
I have to do a project on the blocks in periodic tables. How specifically should I describe them? Should I describe each block''s characteristics, and if so, which ones? P.S. This

how to write an overall introduction about gdp?

We discussed why economists prefer to use available statistics and econometric techniques over other means of measuring consumer demand. Write a short essay describing a situation

Theories of Chamberlin’s monopolistic competition and Joan Robinson’s imperfect competition have revealed that a firm under monopolistic competition or imperfect competition in lon


BACKGROUND:  You have been promoted to the position of Vice President in a business consulting firm.  This firm provides business consulting to a variety of businesses.   The presi

Is it possible for a firm to experience a technological change that would increase the marginal product of labor while leaving the average product of labor unchanged?

explain how the keynesian cross shows that the economy is susceptible to self-fulfilling prophesies, either positive or negative

when the demand function is 2Q-24+3P=0,find the marginal revenue when Q=3.

Economic policy efficiently: The reason for poverty and misery in the developing countries is not essentially the lack of potentialities or resources, human or material, but t