Reference no: EM131357447
Willing to pay $20.00 no more. Below assignment is due tomorrow afternoon and I will need it ready, plagarism free, A+ work please, and must be correct grammatically as well. All sources must be cited and in APA format. Please read below before responding.
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:
1. Using Microsoft Excel, draw a graph illustrating the supply and demand in this market.
2. What is the equilibrium Price and Quantity in the market?
3. 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.
4. 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?
5. 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?
6. If consumers' expectations were such that they were concerned about the economy and jobs, what would you think would happen in this market?
Compose your solutions to this assignment in a report as a MS Word document.
This assignment requires you to create a chart in Microsoft Excel. In order to accomplish that, you will need to enter the data in an Excel worksheet, and then use Excel to graph the data. Copy the graph from your Excel worksheet and paste it into your MS Word document along with any explanations or discussion, in-text citations if required, and reponses to the list of the questions asked in this assignment.
|
Why does the price level not generate an efficient situation
: Will there be enough revenues to cover the cost of proving the public good? Show in a figure and explain. Why does this price level not generate an efficient situation?
|
|
External forces that changes in income levels
: 1-Elasticity of demand can be defined as external forces that changes in income levels, or the price of related goods and services; the external forces brings a change in demand. When these other factors bring a change in demand; the demand of the..
|
|
Define each environment and give an example of each
: In forecasting, MacDonald's Wing® discovered that when it opened its store to the public, it was able to sell 5,000 parachutes in the first year. Given the equation; y=a+bx. Where ‘y' represents the number of sales and ‘a' is the number they start..
|
|
What is the equilibrium price and quantity in the 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.
|
|
Why are us exports so competitive
: Why are US exports so competitive? prior to taking this class and studying this case, have you often heard or read about the decline of US export competitiveness?
|
|
Online article that discusses time management
: Find an online article that discusses time management. Identify how the author of the source defines time management. Bring in a definition of the term time management from an article rather than a glossary or dictionary.
|
|
Contemplating leasing diagnostic scanner
: You work for a nuclear research laboratory that is contemplating leasing a diagnostic scanner (leasing is a very common practice with expensive, high-tech equipment). The scanner costs $5,700,000, and it would be depreciated straight-line to zero ove..
|
|
Major components of supply chain
: In addition, what could be major components of supply chain? Could you compare those components to your work experience? How can those components applied to the manufacturing factory that you worked before?
|