Market Equilibrium, disequilibrium, Floor and Ceiling Prices, CS, PS, DWL Based on the following functions, compute for the: Demand: P = 1200 – 4Q Supply : P = 655 + 2Q Draw the graph for items (2-3)
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Based on the following functions, compute for the:
Supply : P = 655 + 2Q
- Draw the graph for items (2-3)
- Determine the amount of CS (Red)
- Determine the amount of PS (Blue)
- What is the Total Benefit?
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- Market Equilibrium, disequilibrium, Floor and Ceiling Prices, CS, PS, DWL Based on the following functions, compute for the: Demand: P = 1200 – 4Q Supply : P = 655 + 2Q Draw the graph for items (2-5) Compute for eQ Compute for eP Determine the amount of CS (Red) Determine the amount of PS (Blue) What is the Total Benefit?Market Equilibrium, disequilibrium, Floor and Ceiling Prices, CS, PS, DWLBased on the following functions, compute for the:Demand: P = 1200 – 4QSupply : P = 655 + 2Q The government imposed a P300 tax on Producers Draw the graph for items 2-3 What is the Ps? Compute for the DWL (Black)Market Equilibrium, disequilibrium, Floor and Ceiling Prices, CS, PS, DWLBased on the following functions, compute for the:Demand: P = 1200 – 4QSupply : P = 655 + 2Q Determine the amount of CS (Red) Determine the amount of PS (Blue) What is the Total Benefit?
- Given that the demand is Qd=90-3P and supply is Qs=P-10, compute the new equilibrium price and quantity in the market and indicate values on the graphSuppose the supply and demand equation are given as follow: Demand: Qd=116-4*p Supply: Qs=23+2*p What's the equilibrium price?The demand for rice is given by Q d=20-p and the supply is Q s=3p-20. a. Draw the demand and supply functions. Find the equilibrium quantity and price, and show them on the graph. b. Suppose due to drought the supply changes to 3p-30. The supply remains the same. Draw the new supply function on the same graph, and find the new equilibrium price and quantity. Has the demand increased or decreased? How did the equilibrium price and quantity change compared to part a.?
- onsider the supply function: Qs = 60 + 5P – 12 PI + 10F , Where Qs = quantity supplied, P = price of the commodity, PI = price of a key input in the production process, and F = number of firms producing the commodity. Interpret the slope parameters on P, PI, and F. Derive the equation for the supply function when PI =$90 and F = 20. Sketch a graph of the supply function in part b. At what price does the supply curve intersect the price axis? Give an interpretation of the price intercept of this supply curve. Using the supply function from part b, calculate the quantity supplied when the price of the commodity is $300 and $500. Derive the inverse of the supply function in part b. using the inverse supply function; calculate the supply price for 680 units of the commodity. Give an interpretation of the supply price.The market supply and demand equations for a given product are given by the expressions QD=200-50p QS=-40+30P a. Find the equilibrium price and Quantity b. Suppose that there is an increase in demand and supply to QD=300-50P QS=-20+30P Respectively, find the new equilibrium point. In addition to this, show the impact of change in demand and supply using axing graph.. Demand, Supply, consumer surplus, Market Equilibrium Price floor. The following relations describe monthly demand and supply conditions in the metropolitan area for recyclable aluminum. QD = 80,000 – 20,000Px (Demand) QS = - 20,000 + 20,000Px (Supply) where Q is quantity measured in pounds of scrap aluminum and P is price in dollars. Answer the following questions: A. What is the condition for market equilibrium? B Calculate the market equilibrium price and equilibrium output? C. What is the inverse demand curve P = f (QD)? D. Compute the consumer surplus at the equilibrium price. E. What is the inverse supply curve P = f (Qs)? F. Compute the producer surplus at the equilibrium price.
- For demand function Qd = a - bP and supply function Qs = dP - c , using Cramer’s rule determine equilibrium price and equilibriumSuppose market demand and supply are given by Qd = 300 - 4P and QS = -50 + 3P. What is the equilibrium price is?Market Equilibrium, disequilibrium, Floor and Ceiling Prices, CS, PS, DWLBased on the following functions, compute for the:Demand: P = 1200 – 4QSupply : P = 655 + 2Q The government imposed a P300 tax on Producers Draw the graph for item 2 Determine the New eQ