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- 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.Find the equilibrium price and quantity for the following markets : Qs = - 45 + 8P Qd = 125 – 2PQd= 100-2D +3Z Qs= 50+3D + 40B Z=5, B=1 a. equilibrium price and equilibrium quantitiy b. if income increases what happens to the equilibrium price and equilibrium quantity?
- 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 priceQ1. Suppose the demand curve for pizza in the café is given by Q=300 - 20P- 20P1, where P1 is the price of soda. The supply curve is Q=10P - 10. a) If the price of soda is P1= 5. Find the equilibrium price and quantity of pizza. b) Due to a price change of soda, the market equilibrium price per slice of pizza changes to P*=5. What must be the price of soda now? c)Calculate the cross-price (soda) elasticity of demand (pizza) at the equilibrium point in b), and determine whether pizza and soda are substitute or complement in this example?Suppose we have a demand and supply curve where Qd = −2P + 42 Qs = 3P + 7 a. What is the equilibrium price and quantity? P* = Q* =
- The demand for books is Qd= 240-2P and The supply for books is Qs = 4P.a. What is the equilibrium quantity and equilibrium price of books sold? b. Calculate Producer Surplus at the equilibrium point. c. What will happen on the market if the price is 30? d. Calculate the price elasticity of demand at the equilibrium point and show the effects of price elasticity of demand on Total Revenue. please solve "b and d".Given the demand equation which is Qdx = 80 - Px + Py, compute the Qdx if the price of “x” is still 15 pesos but the price of “y” becomes 20 pesos. Please explain. A. 70 kg B. 75 kg C. 80 kg D. 85 kg E. None of the aboveWhat theories are best related to the effects of rise in prices on housholds?
