Qd= Qs given the following equations: 400 – 2P + 4j = – 100 + 3P and 400+400+100 = 3P+2P calculate price and quantity

/in /by

Qd= Qs given the following equations: 400 – 2P + 4j = – 100 + 3P and 400+400+100 = 3P+2P calculate price and quantity

You might also like
Given market demand Qd = 50 - P, and market supply P = Qs + 5
Using loanable funds theory, discuss how changes in consumer savings, business investment, and in the money supply by the Federal Reserve System can influence the level of interest rate
A Professor of Economics from the Department of Economics Education of the Faculty of Social Sciences Education of the University of Education, Winneba, has estimated the demand and supply functions for students’ accommodation on campus to be respectively: 10P + 3Q = 60 and P = Q – 0.5 Further, the professor claims that the average cost of Hostel operators is If the hostel operators decide to maximize sales revenue instead of profit, show how this will affect consumer’s surplus. What is the producer’s surplus under pure competition at the equilibrium point?
In a certain market, the demand for peach was given as QD = 400 -3P, the first day of marketing in 2020, in August 2020, the demand for peach is now given as QD = 200 -3P. From the statement above tell in one sentence the change in demand; what did you consider as the indicator? Write down any five factors responsible for the change in demand. Support your answers by sketching the equations above on the same graph. CR,10 Marks b) Describe the equilibrium condition of a consumer who consumes Kenkey and fish when faced with a given income and relative prices of the goods. Starting from equilibrium, how would the consumer respond to: i. A rise in the price of kenkey? ii. A fall in the price of fish?
Which of the following is true of two firms in a duopoly market that are in a Nash equilibrium? Both firms are producing at a level that maximizes profits Both firms are producing at a level that minimizes average total costs Both firms are receiving the maximum payoff available in their payoff matrix Together the firms have chosen a level of supply equal to the level of aggregate demand Neither firm has an incentive to deviate from its strategy
Given that in an economy, Given that in an economy, C = 102+0.7Y, I=150-100r, MS =300, Mt = 0.4Y, and Mz=125-200r where, Y= income, C= consumption, I= investment, MS= money supply, Mt= transactional-precautionary money demand, Mz= speculative money demand and r= interest rate. Calculate; 1. The equilibrium level of income and interest rate in this economy. 2. The level of C, I, Mt, and Mz when the economy is in equilibrium. Now, assuming the economy is open with government (G) participation and external trade which is summarized as follows; export(X)= 100-0.10Y, import(M)=50, G=100, Taxes(T)= 100 and C, I, MS, Mt, and Mz the same as defined in (a) above. Calculate; 1. The equilibrium income and interest rate in this new economy. 2. The level of C, I, Mt, and Mz when the economy is in equilibrium. 3. Assuming capital is perfectly mobile in this economy, graphically sketch the IS-LM-BOP frame work of this economy. Comment on the balance of payment situation in this economy.
Given the demand and supply equations: Q P D = 60 − 4 and Q P S = −10 + 6 , complete the table below, plot the two curves and hence determine equilibrium price and quantity. Mark the regions that measure the consumer’s and producer’s surpluses in the graph.
Using appropriate diagram(s), explain how a decrease in the price of the fresh tomatoes would affect the demand of canned tomatoes.