Illustrate which of the subsiquent is true.

Assignment Help Business Economics
Reference no: EM1358382

Suppose the demand for pizza is given by Q=40-2P and the supply of pizza is given Q=P-8. if the price of pizza is $19, which of the following is true?

a. there will be excess demand of 8 pizzas

b. there will be excess demand of 10 pizzas

c. there will be excess demand of 6 pizzas

d. there will be excess demand of 9 pizzas

Reference no: EM1358382

Questions Cloud

How web caching can reduce delay in receiving object : Describe how Web caching can reduce the delay in receiving a requested object. Will Web caching reduce the delay for all objects requested by a user
Explain how much will your firms total revenues : Explain how much will your firm's total revenues (revenue from both products) change if you increase the price of good X by 1 percent.
Variables for adhd : As there are many disorders for which individuals are being treated for daily in clinics, ADHD is one of those most commonly seen disorders, especially in children and adolescents.
Indirect labour hour calculations : In the past, TTTH Inc. allocated indirect manufacturing costs based on direct labor hours. Recently, management has decided to pilot a system of time-driven activity-based costing (TDABC) to allocate these costs. Determine the indirect labor suppor..
Illustrate which of the subsiquent is true. : Suppose the demand for pizza is given by Q=40-2P and the supply of pizza is given Q=P-8. if the price of pizza is $19, Illustrate which of the subsiquent is true.
What value does tuning fork give for speed of sound in air : What value does this give for the speed of sound in air. What is the speed of the ball at that point.
Sport management personnel : Sport management personnel - Explain how the history of the sport business industry can be helpful for sport management personnel today.
Identify data structures to organize typical file cabinet : Identify at least two data structures that are used to organize a typical file cabinet. Why do you feel it is necessary to emulate these types of data structures in a computer program?
Biological or psychological reasons for adhd : How might you make a case for biological/psychological reasons for ADHD as opposed to poor environmental fit?

Reviews

Write a Review

 

Business Economics Questions & Answers

  Financial decision-makers

Yet many financial decision-makers at some of the most prominent firms in the world continue to use less desirable measures such as the payback.

  Marginal utility for hot dogs

At his current consumption basket, his marginal utility for hot dogs is 5 and his marginal utility for sodas is 3.

  Describe who bears relatively more of the burden of the tax

Describe who bears relatively more of the burden of the tax, producers or consumers and illustrate your answer with a diagram.

  Short-run average cost curve and the long-run average cost

short-run average cost curve and the long-run average cost curve are both U-shaped for the same reasons.

  Compute the equilibrium quantity and price.

Compute the equilibrium quantity and price and Calculate the consumer and producer surplus.

  Determine cost to government of buying firms unsold units

Determine the cost to the government of buying firms unsold units

  Illustrate what is the current value of one call option

The risk-free rate of return is 3.5 percent. Illustrate what is the current value of one call option on this stock if the exercise price is $40.

  Cost saving of this change

Illustrate what would be the cost saving of this change

  Is your company sells instant noodles

If you advertise and your rival does not, you will make $ 10 million and your rival will make $ 3 million. If your rival advertises and you do not, you will make $1 million and your rival will make $ 3 million.

  Why do pork also lamb have comapritively high price

Why do pork also lamb have comapritively high price elasticities of demand compared with the other foodstuffs in the table.

  Which side it is as long as everyone chooses same side

One example is deciding which side of the road to drive on. It doesn't matter which side it is as long as everyone chooses the same side. Otherwise, everyone may get hurt.

  Firms average variable costs

The firm's average variable costs and average fixed costs per month are R200-00 and R500-00, respectively.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd