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based the attached equations find:
(a)
(b)
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- Suppose you are given the following informationQs = 200 + 3P Qd = 400 – Pwhere Qs is the quantity supplied, Qd is the quantity demanded and P is price.Suppose that a tax is placed on buyers so that Qd = 400 – (2P + T) where T is taxes. If T = 20, solve for the newequilibrium price and quantity. (Note: You are solving for the equilibrium price for sellers and buyers)Given the following information QD = 240-5p QS = P Where QD is the quantity demanded, Qs is the quantity supplied and P is the price. What is the sellers reserve priceGiven the following information QD = 240-5p QS = P Where QD is the quantity demanded, Qs is the quantity supplied and P is the price. What is the buyers reserve price
- Qs = 100+3P and Qd = 400 - 2P where Qs is Quantity supplied and Qd is quantity demanded and P is price. From this information Compute the Equilibrium Price and Quantity.If Qd = 30 - 2P and Qs = 5 + 3P, where Qd is the quantity demanded, Qs is quantity supplied, and P is the price. What is the equilibrium quantity?I would like to know just part d,e, and f. Thank you Suppose that the supply of tomato soup in a city is represented byQS = 100P – 10PT − 50where P is the price of tomato soup and PT is price of tomato needed to produce tomato soup. All prices are indollars and quantity is in liters.Assume that the current tomato price is $15.Suppose that the demand for the tomato soup is QD = 1000−60P + 0.3Iwhere P is the price of the tomato soup and I is a representative household’s income.Assume that at the equilibrium, income is $12000.a) What are the current equilibrium price and quantity of the tomato soup? Show the equilibrium on a detailedgraph.b) Suppose that income decreases to $10400. What is the new equation for the demand for tomato soup? Doesthis correspond to an increase or decrease in the demand for tomato soup? Show the effect of this event onthe equilibrium and the diagram you used in part (a)c) Start from the equilibrium in part a) and now suppose that the price of the tomato…
- Suppose you are given the following information: Qs = 200 + 3P Qd= 400 – Pwhere Qs is the quantity supplied, Qd is the quantity demanded and P is the price.I. From this information compute the equilibrium price and quantity. ii. Now suppose that a tax is placed on buyers so that Qd = 400 – (2P + T) where T is taxes. If T = 20, solve for the new equilibrium price and quantity. (Note: You are solving for the equilibrium price for sellers and buyers).Given the following information (iv) Impact on Quantity? QD = 240-5P QS= P Where QD is the quantity demanded, Qs is the quantity supplied and P is the price. What is the buyer's reservation price?Given the following information Qd = 240 – SP Qs = P Where Qd is the quantity demand, Qs is the quantity supplied and P is the price. Calculate the following: (i) Equilibrium price before the tax (ii) Producer surplus before tax (iii) Consumer surplus before tax (iv) Buyers reservation price (v) Sellers reservation price
- Suppose that the quantity of steel demanded in France is given by Qk = 100 +2Ps + 0.5Y + 0.2PA, where Qs is the quantity of steel demanded per year, Ps isthe market price of steel, Y is real GDP in France, and PA is the market priceof aluminum. In 2011, Ps = 10, Y = 40, and PA = 100. How much steel will bedemanded in 2011? What is the price elasticity of demand, given marketconditions in 2011?Given the following information:Qs = 200 + 3P Qd = 400 – P, where Qs is the quantity supplied, Qd is the quantity demanded and P is the price.1. From this information compute the equilibrium price and quantity. 2. Now suppose that a tax is placed on buyers so that Qd = 400 – (2P + T) where T is taxes. If T = 20, solve for the new equilibrium price and quantity. (Note: Solve for the equilibrium price for sellers and buyers).Suppose that Qs = 100 + 3P and a tax is placed on buyers so that Qd = 400 – (2P + T) where T is taxes. If T = 15, solve for the new equilibrium price and quantity. (Note: You are solving for the equilibrium price for sellers and buyers and the equilibrium quantity). where Qs is the quantity supplied, Qd is the quantity demanded and P is the price.
