Help, economics, Microeconomics

In a competitive market, the market demand is Qd = 150 - 5P and the market supply is Qs = 5P - 10. As a result of a price ceiling imposed at $14, the new consumer surplus and producer surplus are:
Posted Date: 2/5/2012 1:39:49 PM | Location : United States







Related Discussions:- Help, economics, Assignment Help, Ask Question on Help, economics, Get Answer, Expert's Help, Help, economics Discussions

Write discussion on Help, economics
Your posts are moderated
Related Questions

Monopoly and Oligopoly help?!? 1. Your firm sells a perfume. The daily demand for your perfume estimated by your economists is given by P=150-5Q Your marginal cost is constant at $

Question: (a) With the help of diagrams, explain how the price and quantity demanded or supplied of fuel will change under the different scenarios: (i) Consumers expect a fu


Exit Strategy The exit strategy denotes that which investors in an organizations realize all or elements of their investment, regardless of the organizations success.


Discuss the impact of rational self-interest on each of the following decisions

Economies of scale are advantages obtained from a company becoming large and diseconomies of scale are additional costs inflicted because a firm has become very large.  The causes

At a market price of $21 a toy, what quantity does the firm produce in the short run and does the firm make a positive economic profit, a zero economic profit, or an economic loss?

How has the Haberler''s theory of opportunity cost an improvement over the classical theory of trade