Question

Estimate the equilibrium price and quantity of the market whose demand and supply functions are pd...

Estimate the equilibrium price and quantity of the market whose demand and supply functions are pd = - (q + 4)^2 + 100 and ps = (q + 2)^2 respectively

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
Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are...
Find the equilibrium quantity and equilibrium price for the commodity whose supply and demand functions are given. ​Supply:p=120q  Demand: p= - q2 +16,000 The equilibrium quantity is q = ------------ at price p=​ $ -------------.
The market for bauxite is perfectly competitive. Market inverse demand is given by PD(Q)=500-Q, where price...
The market for bauxite is perfectly competitive. Market inverse demand is given by PD(Q)=500-Q, where price is measured in dollars per ton and Q is measured in million of tons. Market inverse supply of bauxite is PS(Q)=100+Q, where price is measured in dollars per ton and Q is measured in millions of tons. -Calculate the equilibrium price and quantity in this market. Represent your solution using a graph. -Calculate producer and consumer surplus. Identify consumer and producer surplus on a...
Let the market demand curve be QD=8-P and the market supply curve be QS=P. Let price...
Let the market demand curve be QD=8-P and the market supply curve be QS=P. Let price P be measured in $/unit and let quantity Q be measured in singular units (i.e. simple count). Solve for the equilibrium price P* and quantity Q*. Now, assume the government imposes a $2/unit tax on consumers, which leads to wedge/gap between the buyers’ price Pb and the sellers’ price PS. Rewrite the demand and supply curves using Pb and PS, respectively. Write down the...
Suppose the global Soybean market is competitive and currently has the following supply and demand functions:...
Suppose the global Soybean market is competitive and currently has the following supply and demand functions: QD = 700 – 0.5PS and QS = PS – 500. The market expects to see a 25% increase in the market price within a year due to change in demand. What will be the new equilibrium price and equilibrium quantity of the market keeping all other things constant? New P*= New Q*=
The market for DVDs has supply and demand curves given by Ps = 2Qs and Pd...
The market for DVDs has supply and demand curves given by Ps = 2Qs and Pd = 42 - Qd, respectively. a) How many units will be traded at a price of $35.00? b) Which participants will be dissatisfied at a $35 price (sellers or buyers)? (Click to select)SellersBuyers c) How many units will traded at a price of $14? d) Which participants will be dissatisfied at a $14 price (sellers or buyers)? (Click to select)SellersBuyers e) What quantity of...
Suppose a market where the equilibrium price and quantity are respectively P = 4 and Q...
Suppose a market where the equilibrium price and quantity are respectively P = 4 and Q = 16. Determine the linear demand curve assuming the price elasticity of demand is –½. Determine the linear supply curve assuming the price elasticity of supply is 2.
Find the market equilibrium point for the following demand and supply functions. Demand:        p = -4q +...
Find the market equilibrium point for the following demand and supply functions. Demand:        p = -4q + 310 Supply:          p = 6q + 1 p = ? 2nd question: A shoe store owner will buy 13 pairs of a certain shoe if the price is $73 per pair and 33 pairs if the price is $23. The supplier of the shoes is willing to provide 22 pairs if the price is $76 per pair but only 2 pairs if the price is...
The inverse demand curve for delivery meals is: Pd=18-3Qd the inverse supply curve is: Ps=3Qs where...
The inverse demand curve for delivery meals is: Pd=18-3Qd the inverse supply curve is: Ps=3Qs where p is price of meal in dollars, Q is quantity in thousands of meals a.) solve for equilibrium price and quantity b.) draw the supply and demand curves and the equilibrium outcome on axes below and label graph c.) Calculate the consumer surplus and producer surplus in this market, and show them on the set of axes above. d.) suppose the government imposes a...
• Explain how market demand and market supply interact to determine equilibrium price and quantity and...
• Explain how market demand and market supply interact to determine equilibrium price and quantity and how this simplified model can be used to inform management decisions about product quantity, product pricing, and resources• Identify & analyze non-price factors that influence market demand and supply • Define and interpret price elasticity. Explain what price elasticity implies about consumer behavior
Draw a supply and demand diagram showing the market equilibrium price and quantity. Now draw a...
Draw a supply and demand diagram showing the market equilibrium price and quantity. Now draw a diagram showing how a perfectly competitive firm might make a loss at this market price. Identify the firm’s quantity supplied, average total cost, and total losses. Finally, use the market supply and demand diagram to show what would happen to bring this market to long run competitive equilibrium.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT