Macroeconomics Answers

D- Math review

Y-4,8,12 etc

X- 36,24,12 etc

a-Find the slope for the equation in the table .

b- Find the y- intersect

c - Find the x - intersect

d - Find the equation y = f(x)

e- Find the equation x = f(y)

f- Draw a diagram showing both showing both intercept.( X on horizontal axis )

When we first learned abut the coronavirus it was very difficult to find face mask to protect yourself .some people ordered mask from China and tried to sell at very high prices but the government declared this illegal price gouging and confiscated masks from these sellers and find them .Do you think the law against price gouging was good Government policy why or why not?

Suppose the government passe a law to keep price above the $16 .

*How many units of this good will be bought and sold .?

*Calculate the value to consumers at this quantity?

* Calculate the consumers surplus at this quantity ?

* Calculate the cost of producing this quantity ?

* Calculate the producer surplus at this quantity ?

* Calculate the change in consumer surplus caused by this price floor ?

*Calculate the changenin producer surplus caused by this price floor?

* Calculate the dead weight loss caused by this price floor ?

Demand curve- Price per unit-3,5,7,9,11etc

Quantity demand - 81 ,71,61,51,41etc

supply curve-Price per unit - 5,8,11,14,17etc

Quantity supplied - 7,16,25,34,43etc

*Use the above demand and supply curves .

What is the equilibrium price and quality ?

*Calculate the value to consumers at equilibrium ?

*Calculate the consumers surplus at equilibrium ?

*Calculate the cost at equilibrium ?

*Calculate the producer surplus at equilibrium ?

*Calculate the total gains from trade at equilibrium?

Here is the more information about the market for onions in Vancouver .

Price per unit- 5,8,11,14,17etc

Quantity supplied-7,16,25,34,43etc

*Find the equation for the supply curve .

*What is the quality supplied when price =16?

* What is the cost of producing quantity supplied = 10 ?

Here is some information about the

market for onions in Vancouver.

price per unit - 3,5,7,9,11,etc

Quantity demand-81,71,61,51,41etc

Find the equation for the demand curve.

What is the quantity demand when price =8?

What is the value of what is produced when the quantity demand =21?

1.A high income country typically has a ...... Than a low income country .2. No person have everything he or she wants .......are invetiable.

The demand management policies would not be productive in generating employment in the long run.Do u agree ? Give a detailed explanation .

suppose you are a monoipoliste and findthe demand elasticity of your product is different in two market what would be your pricing strategy answer?

Using the IS-LM model, if money demand is sensitive to interest rates and investment is not directly sensitive to interest rates. Monetary policy is more effective than fiscal policy. Right or wrong? Prove it.