PRICE per large pepperoni pizza QUANTITY DEMANDED of large pepperoni pizzas QUANTITY SUPPLIED of large pepperoni pizzas $20 1000 units 7000 units 18 2000 units 6500 units 16 3000 units 6000 units 14 4000 units 5500 units 12 5000 units 5000 units 10 6000 units 4500 units 7000 units 4000 units 6 8000 units 3500 units 9000 units 3000 units 10 000 units 2500 units 2.
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- Find the equilibrium price and quantity for the following markets : Qs = - 45 + 8P Qd = 125 – 2PA severe flood has damaged this year's tomato crops. The initial effect on the tomato market is a 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 price? Which of the following correctly reflects the cost minimizing equilibrium condition a.(MPL)(PL) = (MPK)(PK). b.PL = PK. c.MPL/PL = MPK/PK. d.MPL = MPK.Determine the equilibrium price and quantity of the above market when j=100. Qd= Qs given the following equations: 400 - 2P + 4j = - 100 + 3P and 400+400+100 = 3P+2P calculate price and quantity. Plot a graph showing the above
- Suppose the demand equation for shale gas is Qd=10P^-1.8 and the supply equations Qs=2P^0.2What is the equilibrium price and equilibrium quantity?The following relations describe the supply and demand for posters. QD = 65,000 - 10,000P and QS = -35,000 + 15,000P where Q is the quantity and P is the price of a poster, in dollars. 1. Complete the following table. (attached) 2. What is the equilibrium price?4.the demand and supply function for chocolate are as below: Qd= 45-4p Qs= -15+2p a) Calculate the equilibrium price and the equilibrium quantity and plot a graph? b) If the goverment impose a maximum price of RM 5, what happens to the market? c) If the goverment mandate a minimum price of RM 12, what happens to the market?
- (Q.3.3.) Suppose the demand and supply equations for a particular good are given as follow: QD - 140 - 2P and Qs - 4P - 10. The market for this good is currently in equilibrium. (Q.3.10) At the current market price, is the market outcome efficient? If not, state the relationship between the current market price and the efficient market price, and the current quantity traded and the efficient quantity traded. At the current market price, the market outcome_______________The current market price__________________the efficlent price, and the current quantity traded___________the efficient quantity. (Please explain the response. Do not simply provide an answer. Thank you. Option choices are: is efficient, is equal to, is greater than, is inefficient, or is less than than.)Information on a coffee market is given as below: qs=20p-100 qd=6000/p where p is the price of coffee per tin and q is the quantity of coffee in tins. (a) Draw two functions on a diagram restricting your attention to p E[0, ∞) and q E [0, ∞). (b) Obtain the market equilibrium. What occurs if the price of coffee per tin is $15? (c) Suppose the demand function has changed to q D = 3000/p . Provide an economic explanation of this change and list a few reasons as to why it might have occurred. (d) Obtain the new market equilibrium. What would happen if the price of coffee per tin stayed the same as the equilibrium price you obtained in (b)?Suppose demand and supply are given by Qd = 40 − P and Qs = 1.0P − 10.a. What are the equilibrium quantity and price in this market?Equilibrium quantity: Equilibrium price: $
- Given: QS = 140,000 + 36p QD = 200,000 – 24p 1. Compute the equilibrium price and quantity.Solve for Equilibrium Price and Equilibrium Quantity given: P = 107.5-0.25Qd Qs = 3.45P + 295.55Give typing answer with explanation and conclusion The demand for pear is given by Q(P D)=200-4P D and the supply is Q(P S)=2Ps -40 where P D is the price paid by demanders and P s is the price received by suppliers measured in dollars per kg. What is the equilibrium price (P) and quantity (Q)?