In April 2025
Search & Filtering
What three problems must the economy system solve
Given the demand for a product as Qd = 90 - 7P and the supply is given as Qs = -60 + 8P. You are told equilibrium is obtained at the point where Qd = Qs. The equilibrium price for the product is
d = 26 - 8P and the supply is given as Qs = -16 + 6P. You are told equilibrium is obtained at the point where Qd = Qs. The equilibrium quantity for the product is
. Suppose that the government reduces the tariff on imported coffee, and at the same time, the Health Ministry of publishes a reputable study indicating that coffee drinkers have lower rates of colon cancer. What will the combined impact be on the equilibrium price and quantity of coffee? Explain your reasoning and show it graphically
2. Consider the general demand function: Qd=710 −25P+0.25M−14PR a. Derive the equation for the demand function when M = $50,000 and PR = $15. b. Interpret the intercept and slope parameters of the demand function derived in part a. c. Sketch a graph of the demand function in part a. Where does the demand function intersect the quantity-demanded axis? Where does it intersect the price axis? d. Using the demand function from part a, calculate the quantity demanded when the price of the good is $250 and when the price is $300. e. Derive the inverse of the demand function in part a. Using the inverse demand function, calculate the demand price for 7,000 units of the good. Give an interpretation of this demand price.
Qd(=50-8P) and Qs(=17.5+10P)
Citing practical and quantitative illustrations, Discuss the concept of Security Market Index (10 marks)
What might happen if the government invested heavily in automation?
Explain the effects of interest rates change and risk structure.
• Discuss about the importance of economic growth to a country, make reference to other studies/literature
