Question

The average of price of KIA is 50000 KD, the avberage price of Rollsroyce is 500000...

The average of price of KIA is 50000 KD, the avberage price of Rollsroyce is 500000 KD. Use the Supply and Demand to Analyze why the price of these two cars are different.

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Assume that a city of 50000 people uses on the average 20 million m^3 of natural...
Assume that a city of 50000 people uses on the average 20 million m^3 of natural gas per year.what fraction of this demand could be met by digesting the refuse from this community?
suppose mortgage interest tax deductions average $8268 for people with incomes between 50000 and 200000 and...
suppose mortgage interest tax deductions average $8268 for people with incomes between 50000 and 200000 and 36 5 for those with income of 40000 to 50000. suppose also the standard deviation of the housing benefits in these two categories were equal to 2750 and 120, respectively a. examine the two standard deviations. what do these indicate about the range of benefits enjoyed by the two groups? b. repeat part a using the coefficient of variation as the measure of relative...
You run a company that distributes paper. At a price of $9 per ream, supply is...
You run a company that distributes paper. At a price of $9 per ream, supply is 320,000 reams and demand is 200,000 reams. At a price of $8.50 per ream, supply is 270,000 and demand is 300,000. Determine and interpret the equilibrium point. Window for x[-10, 500000] Window for Y[-10, 10]
How have the recent increases in the price of gasoline affected the market for hybrid cars?...
How have the recent increases in the price of gasoline affected the market for hybrid cars? The demand and supply of hybrid cars have both increased in response to changing gas prices, so the equilibrium quantity has definitely decreased, but the effect on price cannot be determined without more information. The demand has increased, increasing the equilibrium price and quantity of hybrid cars. The demand has increased, decreasing the equilibrium price and increasing the equilibrium quantity of hybrid cars. The...
Draw a graph to analyze the market for agricultural products (food). Label your price and quantity...
Draw a graph to analyze the market for agricultural products (food). Label your price and quantity axes properly. In your graph, draw a supply curve for agricultural products (food) that obeys the law of supply. Label (S). In the same graph, draw a demand curve for food that obeys the law of demand. Label (D). Identify the market equilibrium point in your graph and label (E). Also, label the equilibrium price (PE) and the Equilibrium quantity (QE): 1. Using supply/demand...
In 1998, Americans smoked 23.5 billion packs of cigarettes at an average retail price of $2.00...
In 1998, Americans smoked 23.5 billion packs of cigarettes at an average retail price of $2.00 per pack. Statistical studies have estimated the price elasticity of demand for cigarettes as -0.4 and the price elasticity of supply as 0.5. Using this information, find the equations for linear demand and supply curves for cigarettes.
A travel website would like to estimate the difference between the average rental price of a...
A travel website would like to estimate the difference between the average rental price of a car with automatic transmission versus the average rental price of a car with manual transmission at a certain airport. The table below shows the average​ one-week rental prices for two random​ samples, as well as the population standard deviations and sample sizes for each type of car. Complete parts a and b. Automatic: Sample mean = $397.30 , Sample Size = 50, Pop. Standard...
The supply and demand curves for labor can shift. Use at least two different examples of...
The supply and demand curves for labor can shift. Use at least two different examples of positive and negative shifts of the demand and supply curves and explain why these shifts occur.
a)Initially, the market price was p=20, and the competitive firm’s minimum average variable cost was 18,...
a)Initially, the market price was p=20, and the competitive firm’s minimum average variable cost was 18, while its minimum average cost was 21. Should it shut down? Why? Now this firm’s average variable cost increases by 3 at every quantity, while other firms in the market are unaffected. What happens to its average cost? Should this firm shut down? Why? b)Suppose that the demand curve for wheat is Q=100−10p and the supply curve is Q=10p. The government imposes a price...
A travel website would like to estimate the difference between the average rental price of a...
A travel website would like to estimate the difference between the average rental price of a car with automatic transmission versus the average rental price of a car with manual transmission at a certain airport. The table below shows the average​ one-week rental prices for two random​ samples, as well as the population standard deviations and sample sizes for each type of car. automatic manual sample mean $414.60 376.20 sample size 46 38 population std dev $22 $27 a. Construct...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT