Describe short-run equilibrium price-demand, Macroeconomics

The aim of this task is to explore the effects of a supply shock on a firm and thereby on the industry. Suppose that war breaks out in the Middle East, where a considerable portion of the world's oil is produced.

(A) Describe, in words and on your graphs, any changes to (i) demand, (ii) supply,(iii) The petrol manufacturer's optimal quantity, (iv) the short-run equilibrium industry quantity, (v) the short-run equilibrium price, (vi) the short-run consumer's surplus, and (vii) the short-run profits.

 

Posted Date: 3/19/2013 5:46:06 AM | Location : United States







Related Discussions:- Describe short-run equilibrium price-demand, Assignment Help, Ask Question on Describe short-run equilibrium price-demand, Get Answer, Expert's Help, Describe short-run equilibrium price-demand Discussions

Write discussion on Describe short-run equilibrium price-demand
Your posts are moderated
Related Questions
SUppose nominal GDP increases from 5.8 trillion to 6 trillion. The GDP deflator rose over that same year by 3.9 percent. By what percent does the real output increase?

I am working on a project for my class and this week discussion is on international trade and exports. what I am needing is the information for the 1970s

hi I just found an interesting problem on your page,(wood investments ... Mutch PLC) I would like to see the answer Could you please give me a quote for the answer?

what are the advantages and disadvantages of unemployment

why is international trade important for south Africa

A negative outflow to the U.S. balance of payments is generated by the purchase of United States assets (such as United States Treasury bonds) by foreign investors and the sale of

why is international trade important south africa


Q. Money market with inflation and constant money supply growth? If π M = π and π e = π, both IS- and LM-curve will be fixed.  Figure: The money market with inflatio

the difference between the AC and the AVC curve