Disregard new tax in part three now suppose that government

Reference no: EM13392433

A doctoral student has just completed a study for her dissertation and found the following demand and supply schedules for hand held computers to be as follows:

Price/Computer	Quantity Demanded	Quantity Supplied
$200	1000	2200
175	1250	2050
150	1500	1900
125	1750	1750
100	2000	1600
75	2250	1450
50	2500	1300
25	2750	1150

Questions:

Using Microsoft Excel, draw a graph illustrating the supply and demand in this market.
What is the equilibrium Price and Quantity in the market?
Now suppose the government imposes a special tax on these computers. Describe what would happen in this market in terms of the supply and demand curve.
Disregard the new tax in part three. Now assume that the government imposes a price ceiling of $100 in this market, as a result of protests of price gouging by the sellers. What would happen to the price and quantity in this market?
Disregard the events of part four. Assume that the manufacturers of this product lobby the government's lawmakers, in terms of this product being an essential for college students but they are considering halting production due to the lack of profits. The lawmakers agree and now set a price floor at $150. What would happen in this market?
If consumers' expectations were such that they were concerned about the economy and jobs, what would you think would happen in this market?

Reference no: EM13392433

Questions Cloud

Afterschool depots channel policies or this assignment you : or this assignment you will again be working with the afterschool depot case study. remember that you are the channel

Assessment 1needs analysis hpe 382 assessment 1needs : hpe 382 assessment 1needs analysis 2000 word essayplease find the attachment file and read it carefully make sure that

Astalt transamination question nh3 looking at altast : looking at altast transamination pathway what would be the cascade effect if the pirydoxyl amine phosphate has a

You are needed to make a report which is a financial : you are required to prepare a report which is a financial comparison of two companies listed on the london stock

Disregard new tax in part three now suppose that government : a doctoral student has just completed a study for her dissertation and found the following demand and supply

Power is a leaders influence over their followers while : power is a leaders influence over their followers. while power has the potential to control others it is the perception

What do you mean by consumer expenditure survey ce how has : what is the consumer expenditure survey ce? how has the survey behaved since the year 2000? what have been the causes

What is meant by producer price index ppi how has ppi : what is meant by producer price index ppi? how has ppi behaved since year 2000? what have been the causes of these

What different leadership roles and functions does this : write a 700- to 1050-word paper in which you select a past or present public or political figure as long as he or she

User Account

All Pages

Disregard new tax in part three now suppose that government

Reference no: EM13392433

Reference no: EM13392433

Questions Cloud

Reviews

Write a Review

Microeconomics Questions & Answers

Govt should intervene to enforce antitrust law or not

Distinguish between bulldog bonds and eurobonds from

Question about national security

Profit maximization in perfectly monopoly markets

Draw the new budget line and use the indifference curve

Derive equation for demand curve

Use the following data for a firms output at various levels

Determine firms minimum cost of making unit of output

In akron ohio the movie market is monopolistically

How does the equilibrium condition differ from the condition

To calculate the real return

Is us presidents any of the presidents salary too high or

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT