Nw suppose the government imposes a special tax on these

Assignment Help Marketing Management

Reference no: EM13391778

Assignment : Supply, Demand, & Government in the Markets

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?

Present your analysis in Excel format. Enter non-numerical responses in the same worksheet using textboxes.

Assignment 3: Supply, Demand, & Government in the Markets

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?

Present your analysis in Excel format. Enter non-numerical responses in the same worksheet using textboxes.

Reference no: EM13391778

Questions Cloud

Primary task response within the discussion board area : primary task response within the discussion board area write 400ndash600 words that respond to the following questions

Canseco company has been having difficulty obtaining key : canseco company has been having difficulty obtaining key raw materials for its manufacturing process. the company

If average income increases by 5 by what percentage and in : you are the manager for dunkin donuts and know the following elasticitieseta 1.5eta i 1.2eta xy1 0.5eta xy2 -0.5eta

Explain how the management functions of planning organizing : a describe how the management functions of planning organizing leading and controlling relate to the engineering design

Nw suppose the government imposes a special tax on these : assignment supply demand amp government in the marketsa doctoral student has just completed a study for her

Place a check mark in the appropriate column to identify : place a check mark in the appropriate column to identify whether each of the following costs is a product cost or a

An engineered system consists of a hazard rate of 001 : an engineered system has a hazard rate of 0.01 failures per hour.a what is its mtbf? if the same system has an mtbm of

An engineered system comprise of one each of three : an engineered system consists of one each of three components x y and z with reliabilities rx ry and rz of 0.94 0.80

How does the medium in which you are communicating your : review at least three of these sources and describe more specifically how they can assist in the writing and editing

User Account

All Pages