Suppose the demand for good x is QDx-aP+BP, and the demand for good y is QD,+ aP - BP,. The supply of good 1 is QS₁. a, B.QD,,QS, > 0. Solve for Px* and 2 Py*. A. Px B. Px 1 34 [0₂. X 3α D. Px = = C. Px* = * Os - Od-(0s, -Qd,) and Py = + 1 3 20 [Q₁₁ - Qd₂ + ² (0₁, - Qd₂ )] -Qd, and Py* == y 2α 4 3 3² (0₁₂ - Qd₂ ) + (0s, - Qd,) 5 p 4 3α ↓ [Qs , - Qd, +1(Qs, − Qd,)] and Py` = + 32 | 1 (0s, - Qd₂) + (0s, -Qd₂ )] - 4a 1 Os. - Qd, +- (Os, - Qd₂ ) , and Py y 3 2³38 [1(0s,- Od, ) + (Os, od, )] - 2ß 4 + [ - (0₁₂ - Qd₂ ) + (0₁₂ - Qd₂ )] 3P 2
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- Diagrammatically show and explain waht happened to the oil market if the price unchanged despite the concerns over the fuel demand.Market Equilibrium, disequilibrium, Floor and Ceiling Prices, CS, PS, DWLBased on the following functions, compute for the:Demand: P = 1200 – 4QSupply : P = 655 + 2Q Draw the graph for items 2-3 What is the Ps? Compute for the DWL (Black)Hula Products has reintroduced the hula hoop to the world and faces a growing demand for its product in two distinct markets: the United States and Europe. Demand in these markets is: PU = 20 - .1QU and PE = 10 - .05QE., where all quantities are expressed in thousands of units (i.e. QU = 50 means 50 thousand units). Hula can produce hoops at no cost. The maximum Hula can produce is 80 thousand hoops. How many should be sent to Europe (QE)? Enter as a value (answer should be between zero and 80).
- Market Equilibrium, disequilibrium, Floor and Ceiling Prices, CS, PS, DWLBased on the following functions, compute for the:Demand: P = 1200 – 4QSupply : 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?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 quantity?National enegry security: Demand for oil (d): Qd = 60 - P Domestic supply of oil (Sd): QS = -30 + 2P (a) Calculate the self-sufficiency or autarky solution (P3, QS3 = QD5, imports = 0) in the figure above. How much is TNB? Answer: Area of triangle EFH. Graph it. Hint: Set demand = Supply and solve for the equilibrium price and quantity. You need the vertical intercept for demand and for supply to calculate CNB and PNB or TNB. Can you graph it? TNB =EFH? (b) Suppose the world price is given at Sf0 = P0 = $8. Calculate the inefficient open market allocation (P0, QD5, imports = QD5 - QS1). . How much isTNB? Graph it. Hint: plug the world price into the supply and demand equations and calculate imports for this solution (c) Suppose the World price + VP is given at Sf1 = P1 = P0 + VP= $9. Calculate the Efficient allocation (with vulnerability premium) (P1, QD4, imports = QD4 - QS2). TNB? Graph it. Hint: plug the world price + VP into the supply and demand equations. How…
- Please no written by hand solutions The price p and the quantity x ? p=-(1)/(7)x+160,0<=x<=1120 What quantity x maximizes reve.An increase in the quantity of hybrid cars supplied would be caused by which of the following? A. An increase in the demand for hybrid carsB. A decrease in the demand for hybrid carsC. Higher prices of car batteriesD. Lower prices for gasolineQd= 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?
- 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 eQEquilibrium price = 54.48 dollarsEquilibrium quantity = 2.89find answer of 2nd box and 3rdQS = 3P QD = 400−P What is the equilibrium price and quantity?