The equation for the original demand curve

Assignment Help Business Economics
Reference no: EM13868553

The equation for the original demand curve is Q=50-6.25P. Find the new demand equation when demand increases by 20% (Round to one decimal place). Q=___ - ___P

The supply curve for the product is Q=-10+12.5P. Find the original equilibrium price and quantity using the above demand curve. P =___ and Q=___.

Find the new equilibrium price and quantity after demand increases 20%. P= ___ Q=___ (Round to 2 decimal places).

Calculate the price elasticity of demand and the price elasticity of supply at the new equilibrium (ie, use demand curve. Price elasticity of demand is _____. Price elasticity of supply is _____.

Reference no: EM13868553

Questions Cloud

Research paper on workplace discrimination : Looking for someone who can do my research paper on workplace discrimination. I focused more on name discrimination and also discrimination of women in the workplace
Presentation that describes an organization : In this assignment, you will design and share a MS PowerPoint presentation that describes an organization, its current and future challenges, its capabilities, and the requisite competencies needed for its success
Derive linear demand and competitive supply curves : Suppose that the world price of oil is roughly $80 per barrel and that the world demand and total world supply of oil equal 34 billion barrels per year (bb/yr), with a competitive supply of 20 bb/yr and 14bb/yr from OPEC. Using this information, deri..
Suppose the demand for eggs : Suppose the demand for eggs is: Q=8,000-3,000P and the supply of eggs is: Q= -500+2,000P, where quantity is measured in millions (of eggs). Find the market-clearing price and quantity for eggs. (Enter price responses rounded to two decimal places.) T..
The equation for the original demand curve : The equation for the original demand curve is Q=50-6.25P. Find the new demand equation when demand increases by 20% (Round to one decimal place). Q=___ - ___P. Find the new equilibrium price and quantity after demand increases 20%. P= ___ Q=___ (Roun..
Finding operating and free cash flows : Finding operating and free cash flows Consider the following balance sheets and selected data from the income statement of Keith Corporation. Calculate the firm’s operating cash flow (OCF) for the year ended December 31, 2015, using Equation 4.3. Cal..
Evaluate the effectiveness and usability of tqm : Examine and evaluate the effectiveness and usability of Total Quality Management (TQM) in ambulatory care settings
Prepare a pro forma balance sheet : Pro forma balance sheet Peabody & Peabody has 2015 sales of $10 million. It wishes to analyze expected performance and financing needs for 2017, which is 2 years ahead. The percents of sales for items that vary directly with sales are as follows: Mar..
What is the three-year forward price : The spot price of an investment asset is $30 and the risk-free rate for all maturities is 10% with continuous compounding. The asset provides an income of $2 at the end of the first year and at the end of the second year. What is the three-year forwa..

Reviews

Write a Review

Business Economics Questions & Answers

  Aid is not effective in increasing incomes

We can see that aid to Africa has increased significantly over the last 40 years and that incomes in Africa have stagnated. Explain why these two facts do not constitute proof that aid is not effective in increasing incomes in Africa.

  What is the cross elasticity of supply

When the price of wheat rises from $2.34 to $2.46, some farmers switch crops, and the amount of barley offered on the market falls from 101 million bushels to 99 million. What is the cross elasticity of supply? When the wage rate rose from $6.25 per ..

  Calculate the economic manufacturing quantity

The demand for 1,000 units of a part to be used at a uniform rate throughout the year may be met by manufacturing. The part can be produced at the rate of 3 per hour in a department that works 1,880 hours per year.

  Find out statistics on the web from to present indicators

Find out statistics on the web from 2004 to present on following indicators of the macroeconomic conditions of the U.S. economy.

  Single graphical utility function

All licensed drivers are required by law to purchase a minimum level of auto and motorcycle insurance (well, if they own either of the two). However, the vast majority choose to buy much more insurance than the required minimum. It’s also true that m..

  What is the residual demand elasticity facing

If the market demand curve is Q = 100-p, what is the market price elasticity of demand? If the supply curve of individual firm is q = p and there are 50 identical firms in the market, draw the residual demand facing any one firm. What is the residual..

  Short-run adjustment

Which of the following is a short-run adjustment?

  How important is a rapidly expanding domestic market

Elucidate how important is a rapidly expanding domestic market in Alibaba.com's strategic assessment

  How much of each good will he demand

Edmund has the utility function U(x, y) = 2xy + 1. The prices of x and y are both $1 and Edmund has an income of $20. How much of each good will he demand? A tax is placed on x so that it now costs Edmund $2 while his income and the price of y stay t..

  What exchange is netflix listed

What exchange is Netflix listed? What are the listing requirements for that exchange and how does Netflix compare to those requirements?

  What will happen to the price of premium coffee

If hard freeze eliminates Brazil's premium coffee crop, illustrate what will happen to the price of premium coffee.

  Derive the equation for the firm short-run total cost curve

Solve the firm's short-run cost-minimization when capital is fixed at a quantity of 5 units (i.e. K ? = 5). Derive the equation for the firm's short-run total cost curve as a function of quantity Q and graph it together with the long-run total co..

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