This is an idea solution plz don’t use copy or paste command.make some changes in it . and if u find any problem in it than reply ok. take care and good luckView more random threads:
- Assignments sharing method and help with discussion
- ISL201 Islamic Studies Assignments No.02 Last date Date...
- CS506 Web Design and Development Assignment No 03 Solutions...
- CS607 Artificial Intelligence Assignment No. 02 Fall ...
- All Past Assignments with Solutions Of MGT201 Financial...
- MTH501 Linear Algebra Assignment No.1 Solution Spring...
- Purchase Assignments, Quiz , GDB and Final Projects for...
- CS101 - Introduction to Computing
- MGMT623 Assignment
- CS507 Information System Assignment No. 01 Solution Fall...
Sponsored Links
Question No .A
(1)
P=8
Q(d)=850-15(p)
Q(s)=400+30(p)
Put price in q(d) and q(s)
Q(d) Q(s)
=850-15(p) =400+30(P)
=850-15(8) =400+30(8)
=850-120 =400+240
=730 =640
(2)
shortage production because Q(d) is high and Q(s)low is low eight is not equilibrium price
(3) Shortage will increase price
(B)
Equilibrium price
Q(d)=Q(s)
850-15(p)=400+30(p)
45p=450
p=450/45
p=10
Equilibrium price =10
Here demand and supply is equal
(C)
Equilibrium proved
Q(d)=Q(s)
850-15(p)=400+30(p)
850-15(10)=400+30(10)
850-150=400+300
700=700
(D)
Graphical
Price Quality demand Quality supply
9 715 670
10 700 700
11 685 730
There are currently 1 users browsing this thread. (0 members and 1 guests)