rice Quantity demanded Quantity supplied $300 60 30 $400 55 40 $500 50 50 $600 45 60 $700 40 70 $800 35 80 What will be the result of a price ceiling of $400 on skate boards?
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| Quantity demanded | Quantity supplied | |
| $300 | 60 | 30 |
| $400 | 55 | 40 |
| $500 | 50 | 50 |
| $600 | 45 | 60 |
| $700 | 40 | 70 |
| $800 | 35 | 80 |
What will be the result of a
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- The company recently changed the selling price of one of its products from ₱50.00 to ₱45.00. The unit sales changed from 2,000 to 2,350. Tax rate is 30%. The product's price elasticity of demand is closest to: a. -0.16 b. -2.12 c. 1.53 d. -1.53 e. -1.97 f. -1.07A AWB Company is interested in obtaining quick estimates of the supply and demand curves for coal. The firm's research department informs you that the elasticity of supply is approximately 1.7, the elasticity of demand is approximately -0.85, and the current price and quantity are $41 and 1,206, respectively. Price is measured in dollars per ton, quantity the number of tons per week. Estimate linear supply and demand curves at the current price and quantity. Illustrate both curves on a diagram. What impact would a 10% increase in demand have on the equilibrium price and quantity? Illustrate this impact on similar diagram in part (i) If the government refused to the price increase when demand increased in (ii) above,how much shortage is created?. Mark the shortage on the diagram in part (ii)A company manufactures and sells x television sets per month. The monthly cost and price-demand equations are C(x)=75,000+60x and p(x)=300−x/30, 0≤x≤9000. , 0≤x≤9000 (A) Find the maximum revenue. (B) Find the maximum profit, the production level that will realize the maximum profit, and the price the company should charge for each television set. (C) If the government decides to tax the company $4 for each set it produces, how many sets should the company manufacture each month to maximize its profit? What is the maximum profit? What should the company charge for each set?
- I need help with the price control and binding or not drop-down arrows, thank you. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.Answer completely.You will get up vote for sure.15. Nizwa Municipality is fixed the maximum rent to be paid by a tenant in Nizwa; this is an example of _________. a. Price floor b. Price ceiling c. Market price d. Supplier pricePrice Per Unit Quantity Demanded Per Year Quantity Supplied Per Year $ 5 2,000 0 10 1,800 300 15 1,600 600 20 1,400 900 25 1,200 1,200 30 1,000 1,500 Refer to the above table. A shortage of 1,500 units will occur when the price is
- The company recently changed the selling price of one of its products from ₱70.00 to ₱67.00. The unit sales changed from 1,800 to 1,930. The product's price elasticity of demand is closest to: a. -1.99 b. -1.59 c. -1.54 d. -1.53answer MNO the answer to L is: Price floor set by the government = 1046.25*1.2=P 1255.5. Quantity demanded at that price= 1181062.5-337.5*1255.5=757331.25 units.John a retailer of coca-cola products, purchase 20 cases good for 3 days. Each case contains 24 bottles and he sold at 12.00 each bottle. After delivery 4 cases of coca-cola products was damage and no replacement of damages after delivery. At this time he decided to mark-up his price at 10% of the original price and made additional purchase of 37.5% of the remaining delivered coca cola products as replacement of the damages. Is the Demand for coca cola, Elastic, Inelastic or unitary Elastic? At what price will john earned a bigger revenue? Solve the following: a. Change in Qd b. Change in Price c. Price Elasticity of Demand
- If the Nigerian government were to enforce a price floor of US $20 a) Both Starlink and FiberOne would be out of business. b) More Nigerians would have acceaa to the internet. c) There would be no changes experienced by both consumers as well as the internet service providers. d) There would be more demand for internet servicesgovernment increase VAT on some commodities in order to raise revenue the market for X was at equilibrium before tax at price 50 per unit sold and quantity was 5000 units suppose own price elasticity of demand is 0.6 and the elasticity of supply is 1.1after the government announced tax measures the new market price increased to ksh 70 per unit calculate the seller and buyers burdenA 20% trade discount is equal to $87. What is the list price?
