User Account

All Pages

Quantity demanded and quantity supplied

Assignment Help Macroeconomics
Reference no: EM131228951

Suppose the market for potatoes can be expressed as follows:

Supply: Q to power of QS= -20 + 10p

Demand: Q to power of QD= 400 - 20p

a) If the government sets a price ceiling of $10 per unit,

i) What will be the quantity demanded and quantity supplied?

ii) What will be the producer surplus?

iii) What will be the consumer surplus?

iv) What will be the dead-weight loss, if any?

Reference no: EM131228951

Questions Cloud

Describe how these new forms meet usability standards : Prepare an 8- to 12-slide Microsoft PowerPoint presentation that explains the purpose of the new forms (e.g. what data are being collected, why, what will it do with this data, etc.). Describe how these new forms meet usability standards.
Goals of the federal reserve board : Economists have been grappling with a debate regarding the extent to which stabilizing asset prices should be a goal of monetary policy. The three goals of the Federal Reserve Board are to have economic growth, full employment, and price stabilit..
What is the amplitude of the wave that passes through slot : Repeat (a), but this time hold the slot width to 0.5?x and vary the slot length from ?y to 10?y. How does the transmitted amplitude vary with the slot length?
Why do so many cultures have divinities in similar roles : Within the myth of origin, how does this divinity compare with other divinities? How does this divinity interact with or compare to divinities of the same gender and to divinities of the opposite gender?
Quantity demanded and quantity supplied : a) If the government sets a price ceiling of $10 per unit, i) What will be the quantity demanded and quantity supplied?
Development of the shortrun aggregate supply : What assumption is critical to the development of the shortrun aggregate supply as distinct from the long run aggregate supply curve? Explain
Find the income elasticity of demand : a) Find the Marshalian (uncompensated) demands for X and Y. b) Find the income elasticity of demand for X and Y.
Describe coherently in writing the principles of cst : UNCC100: Self and Community: Exploring the Anatomy of Modern Society. Describe coherently in writing the principles of Catholic Social Thought (CST), and through a personal written commentary on each one, explain how the concepts of 'self' and 'com..
Explore different methods for exciting the waveguide : Include an absorbing boundary at the far end of the waveguide. Excite the waveguide with an r source at the edge of the waveguide (near the PEC boundary).

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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