Find out equilibrium cost and quantity

Assignment Help Business Economics

Reference no: EM1367670

Q. Cost per Gallon Quantity Demanded (Millions of Gallons Quantity Supplied (Millions of gallons
$1.20 170 80
$1.30 156 105
$1.40 140 140
$1.50 123 175
$1.60 100 210
$1.70 95 238

e. Graph demand and supply curves.

f. Find out equilibrium cost and quantity.

c. Illustrate on your graph how a rise in cost of automobiles would affect gasoline market.

Reference no: EM1367670

Questions Cloud

Elucidate taking this loan is a smart business decision : Bank is willing to let business have an intermediate-term loan of $50,000 for five years at an interest rate of 6.5 percent. Estimate monthly payment and elucidate where taking this loan is a smart business decision.

How numerous cubic meters of water in a cylindrical cumulus : A cubic centimeter in a typical cumulus cloud contains 50 to 500 water drops that have a typical radius of 10µm. For that range, give the lower value and the higher value, respectively, for the following.

Market dominance : Please explain why international strategy is important. What is the difference between domestic and international strategic planning?

Sketch flowchart to represent logic of program : Sketch a flowchart to represent the logic of a program that allows the user to enter five values. The program prints the largest and the smallest number from the five values provided.

Find out equilibrium cost and quantity : Find out equilibrium cost and quantity. Illustrate on your graph how a rise in cost of automobiles would affect gasoline market.

Perfect competition-furniture industry : The industry has been very fragmented, so that few companies have the financial backing to make heavy investments in new technology and equipment.

Multiple choice questions on exchange rate : Smith is a currency trader and reviewing forward foreign exchange rates. His investors have made several statements regarding foreign exchange rates.

Appropriations committee in the house of representatives : Explain the appropriations committee in the House of Representatives? Describe the Title VIII of the Public Health Service Act and its relevance to nursing in an era of the health care reform?

How much work is needed to eject a positive sodium : A potential difference of 87mV exists between the inner and outer surfaces of the cell membrane. The inner surface is negative relative to outer surface. How much work is required to eject a positive sodium ion (Na+) from the interior of the cell.

User Account

All Pages