107 809
Assignments Done
100%
Successfully Done
In December 2024
Physics help
Your physics assignments can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Physics
 Math help
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Math
 Programming help
Our experts will gladly share their knowledge and help you with programming projects. Keep up with the world’s newest programming trends.
Programming

Answer to Question #26105 in Microeconomics for ovais

Question #26105
Suppose that the demand and supply functions for good X are
Qd = 50 - 8P and Qs = -17.5 + lOP
a. What are the equilibrium price and quantity?
b. What is the market outcome if price is $2.75? What do you expect to happen? Why?
c. What is the market outcome if price is $65.25? What do you expect to happen? Why?
d. What happens to equilibrium price and quantity if the demand function becomes Qd = 59 - 8P?
1
Expert's answer
2013-04-17T10:58:02-0400
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/economics-answer-26105.pdf

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!

Place free inquiry
Calculate the price
Learn more about our help with Assignments: Microeconomics

Comments

No comments. Be the first!

Leave a comment

Related Questions

Our fields of expertise
10 years of AssignmentExpert
LATEST TUTORIALS
New on Blog
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult. You can find this expert in "Assignmentexpert.com" with confidence. Exceptional experts! I appreciate your help. God bless you!
Canada #340153 on Dec 2023