h the aid of the diagram, show and explain the effects of change on market for education with the increase in school fees on the equilibrium price, quantity and equilibrium point
Q: Find the equilibrium price and equilibrium quantity and graph it Qd = 30-4P Qs = 10+6P
A: Given:- Qd=30-4P Qs=10+6P To calculate:- Equilibrium price and quantity=? Please find the images att...
Q: Country X is a major oil exporter. It has a floating exchange rate system and has managed to maintai...
A: Given that: Floating exchange rate system fall in oil prices- from $100 a barrel to $29 a barrel
Q: The price in pesos for a certain product is p(x) = 900 - 20x - x2 when x units is demanded. Also p(x...
A: Given : Demand function : P(x) = 900-20x-x2 Supply function : P(x) = x2+10x
Q: Explain whether each of the following statements describes a change in demand or a change in quanti...
A: There are various determinants that affect the demand for the good. Non-price determinants lead to a...
Q: hich of the following is occurring in the market when an excess quantity of a good is supplied at th...
A: Equilibrium is achieved at the output level where Qs equals Qd.
Q: Price (dollars) 9. 7 5 10 14 18 22 26 30 Quantity (units per year) In the figure above, using the mi...
A: Price elasticity of demand can be calculated by finding the change in quantity demanded in response ...
Q: Reasons for supply curves being positively sloped include: A) typically, as output rises, unit cost...
A: Supply refers to the quantity of the good which the producers are willing to produce an offer for sa...
Q: A. why richer countries have higher savings rates. B. the patterns of international trade among coun...
A: The Solow-Swan model or exogenous development model is a monetary model of long-run financial develo...
Q: What is the most likely effect of the development of DVDs, rental movies, and online movie streaming...
A: The demand is inelastic when there are no close substitutes available and elastic when there are sub...
Q: Are ASEAN countries still experiencing absolute poverty, name the country and present some data base...
A: ASEAN, or the Association of Southeast Asian Nations, is a political and economic union in Southeast...
Q: Price Raphael's Quantity Demanded Susan's Quantity Demanded (Dollars per slice) (Slices) (Slices) 16...
A: Market demand is the horizontal sum of all the individual demand at each price.
Q: monopoly is considering selling several units of a homogeneous product as a single package. A typica...
A: Answer to the question is as follows:
Q: What kinds of inequalities we are facing in "free market" according to Milton Friedman?
A: Free market also known as capitalism where economic decision is taken by the market forces with prof...
Q: FIGURE 2-10 Apples (bushels) Refer to Figure 2-10. What movement along the production possibilities ...
A:
Q: The following table shows the units of output a worker can produce per month in Germany and South Ko...
A: Given : Steel (tons) PC (personal computer) Germany 20 10 South Korea 8 2
Q: Table 1: The following table contains some production possibilities for an economy for a given year ...
A: The answer is - Option 4: 4000 < x < 4600
Q: A firm produces identical outputs at two different plants. If the marginal cost at the first plant e...
A: The firm seeks to maximize the profit. The profit is maximized where the MR=MC. Firm can use its mul...
Q: Problem 9-09 If a firm has sales of $24,058,000 a year, and the average collection period for the i...
A:
Q: An increase in supply, not caused by a change in market price, is represented byA) a move down the g...
A: The amount of a resource that firms, producers, laborers, financial asset providers, and other econo...
Q: If the GDP (t) of Japan is $997.50B today and this country is expecting its GDP (t+1) to be $1,076.9...
A: Given the present GDP of Japan = $997.50 Expected GDP = $1076.9
Q: Describe and justify your choice of the most appropriate indicators, such as GDP, literacy rates, he...
A: The measure which estimates the value being added in a country which is the sum of the final value o...
Q: 1.3 A Country has following data Consumption Function = 90+0.75Y, Investment = 20 Billion Determine:...
A: here we calculate the following terms by using the given consumption function so the calculation of ...
Q: Given the schedule, find the demand function/equation. * Price (P) Quantity Quantity Demanded (Qd) S...
A:
Q: Q39) The price elasticity of demand for nursery products is -10. The advertising elasticity of dem...
A: The answer is - D. 4 percent
Q: market for N-95 masks is perfectly competitive. Market Demand is given by Q=308-2P and Market Supply...
A:
Q: Which of the following is true when an economy is operating at its natural rate of unemployment? The...
A: Answer 1. The natural rate of unemployment is the lowest rate of unemployment when inflation is ste...
Q: Change in the financial market of an economy will affect the global economy. Briefly discuss.
A: Financial market refers to the place where savers and investors interact with each other to exchange...
Q: Calculate the equivalent annuity (A) for the 6-year cash-flow shown below assuming an interest rate ...
A: Here we calculate the equivalent annuity for this cash flow by using the given information , so calc...
Q: Name two changes that have occurred as a result of the Civil Rights Act of 1991
A: The Civil Rights Act of 1991, so, is a employment regulation that undermines organizations with colo...
Q: How would you demonstrate part c) diagramatically 6. Assume you can work as many hours you wish at ...
A: The study of labour economics aims to better understand how paid labour markets work and how they ch...
Q: Use the information for a firm in the table below to answer the following questions. Quantity Total ...
A: Hi! Thank you for the question as per the honour code, we’ll answer the first question since the exa...
Q: “The Security Market Line is flatter than the ‘Capital Asset Pricing Model’ (CAPM) would predict.” ...
A: The security market line (SML) is a pictorial depiction of the capital asset pricing model (CAPM), w...
Q: Would it be ethical if Facebook profited from selling your and others' personal information to emplo...
A: Ethical issues in the business refer to the decisions of business affecting the moral standards of t...
Q: Table 2: Quantity demanded and supply for a given market Price Quantity Quantity Demanded Supplied $...
A: From the table: Equilibrium price = $6 Equilibrium quantity = 30
Q: Answer for (b) & (c) Please Airtight Manufacturing produces plastic cases that utility companies ...
A: Given the airtight manufacturing producing plastic cases and utility companies to buy and protect el...
Q: A) a speCITIC brand of cereal B) cereal C) breakfast food O D) food
A: Which good has the most elastic demand.
Q: Production Analysis Discuss the similarities and differences between indifference and isocost analys...
A: Isoquants: In cost and production theory, isoquants play a critical role in determining the optimal...
Q: Assume you can work as many hours you wish at £12 per hour (net of tax). If you do not work, you hav...
A: Here there is a situation where we can work as many hours as we can want at the rate of £12 per hour...
Q: Question 11 Figure 1: Inflation rate in Peru and U.S. (1980 2009) 8000 -200 7000- 6000 - 160 5000- 1...
A: The answer is - Option 2: In the late 1980s the growth rat of money was higher in U.S than it was i...
Q: If you know that total fixed cost is $400, total variable cost is $200, and total output is 4 units,...
A: Total fixed cost is the cost that does not change as the level of output changes. For example, depr...
Q: 1. As we saw in problem set 2, the Bureau of Labor Statistics reported that the United States labor ...
A: Given that, labour force of Country US =162294000 2.0% labour force engaged in R&D=2100×16229400...
Q: cal bakeries with cost function C(x)= 4x operate in a village where the demand for bread is x(p) = 1...
A: Cartel firm tends to behave like a monopoly firm. Since here both firms have a similar cost structur...
Q: Problem 2 Let's assume you've found the following labor demand and supply curves: Lp = 30 – w Ls = 2...
A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a...
Q: How increasing housing prices in the US to its highest historical levels affect the US economy and t...
A:
Q: Market failure occurs when A) resources are misallocated or allocated inefficiently. B) perfec...
A: Market failure refers to when the market is in disequilibrium condition because of market distortion...
Q: 4. A firm has the following production function: Q = 50L + 6L² – 0.5L3 %3D (a) production function. ...
A: Answer - "Thank you for submiting the questions.But, we are authorized to solve first sub parts only...
Q: A drug company is considering investing $100 million today to bring a weight loss pill to the market...
A: Investment made= $100 million Probability of selling pills at high price= 0.5 Profit made from pills...
Q: I REALLY NEED HELP
A: Answer: Due to the policy of nationalization investors' confidence will decline and they will move t...
Q: identify two major trends in the changing demographics of the workforce.
A: The two major trends in the changing demographics of the workforce would include:- 1. Ageing populat...
Q: Expectations about price changes will affect A) the demand curve only. B) both the deman...
A: Correct answer is option B) both the demand and supply curves.
With the aid of the diagram, show and explain the effects of change on market for education with the increase in school fees on the
Step by step
Solved in 3 steps with 1 images
- Find market equilibrium quantity of enrollment and optimal quantity of enrollmentDuring the spread of COVID-19, the price of surgical masks skyrocketed. Somepeople in Hong Kong suggested the government to impose a price ceiling onsurgical masks. Explain, in economic sense, why this might not be a good idea inhandling the needs of Hong Kong people.(J) please answer asap.... For what products is the Law of Demand true? a. for luxuries but not for necessities b. for all products as long as everything else remains constant c. for products with elastic demand but not for products with inelastic demand d. for products in a market economic system but not for products in a command economic system
- Explain with the aid of a diagram, what happens in the market for electricity if the government fixes a maximum price below equilibrium priceNormally, the people of COVID-FREE LAND demand of 3000 sanitizers and 18000 toilet rolls. Suddenly, there is outbreak of covid-19 and demand for sanitizers and toilet rolls increased to 4,000 and 20,000 respectively. How could COVID-FREE land meets its new demand. Identify and comprehensively discuss at least three possibilities or ways.The National Low Income Housing Coalition tracks the availability of housing for extremely low income individuals (households with incomes below the poverty line). What is the current estimated shortage of affordable and available rental units in the US? 15.1 million 5.1 million 2.7 million 7.4 million
- Question 6 At the price of $5 per pack of batteries, Duracell sells 10,000 packs of batteries and Energizer sells 15,000 packs of batteries. When the price rises to $7.50, Duracell sells 12,000 packs of batteries and Energizer sells 16,000 packs of batteries. What is the market supply at a price of $7.50? 12,000 16,000 4,000 28,000 25,000 Question 7 Social welfare (i.e. the sum of producer and consumer surplus) is maximized when the government taxes most goods and services. very few consumers and producers exist within a market the market reaches its equilibrium price and quantity. supply and demand are perfectly inelastic. the government imposes price controls. Question 8 When demand is perfectly elastic, the demand curve is vertical. upward-sloping. U-shaped.…Assume that the government of the state of New Jersey has determined that a large number of injuries and deaths have occurred as a result of accidents involving the installation and repairs of electrical equipment at private residences. In reaction to this problem the state assembly decides to pass a law which requires that all certified electricians pass a tougher state licensing examination. Analyze the impact that this law is likely to have on the market for electricians and explain why safety may not necessarily improve. If the market price of the good or service that a firm produces increases, what happen to the demand of labor? Explain. Several cities across the United States have passed legislation to raise the living wage. How would this policy affect firms? Make an argument for or against living wages in your city. Be sure to cite your references. (Note: the living wage calculator is a useful tool to determine the cost of living where you live).Draw the supply and demand curves based on the following market data price . quantiy demand. quantity supplied 10 100 0 12. 80 20 14 60 40 16 40 60 18 20 80 20 0 100 What is the market equilibrium or clearing price? What condition would prevail if the price is set at $12 by the government? How would this affect the market efficiency (e.g production possibilities)? What is required to restore the market equilibrium or clearing process?
- please examine the factors that can motivate the government to reduce the price of rice at $20 per 10 kg bag and the effects of that government legislation on the rice marketTrue or false: Granting subsidy on food will increase social welfare. Explain your answer with a graph.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. In response to farmers' outcries about declining food prices, the federal government instituted a farm price support program. Use the graph above to illustrate why farm price supports created surpluses of many agricultural products. Explain your graph in words and clearly identify the surplus in your graph.
