Economics Answers

Consider the market for coconuts in a small island nation. The domestic demand curve (in cedis) is P = 140 – 4QD and the domestic supply curve is P = 20 + 2QS.

a. What is the market equilibrium price and quantity?

b. If the government, hoping to help poor consumers, imposes a price ceiling of $40, what will be the shortage of coconuts in the market? Graph your response.

Why rent seeking bad for economy

what might cause an increase in demand for conventional cigarettes

Which of the following will increase the unemployment pool? [A] a decrease in the number of new entrants in the labour market. [B] a increase in the number of people who are hired. [C] an increase in the number of people looking for a job. [D] a decrease in the number of people who are laid off.

What is hyper rationality in game theory ?

What is marginal rate of substitution?

During a downswing phase, cyclical unemployment will... and inflation will...

[A] increase; decrease

[B] decrease; decrease

[C] decrease; increase

[D] increase; increase

demand function is Qd=100-2p and supply function is Qs=-60+3p

calculate consumer surplus and producer surplus

What is the real cost of a commodity to a consumer

Hello!

Please guide me as to how is 'C' the answer for the following question.

In the market for a good the quantity supplied (QS) and the quantity demanded (QD) are given by QS = P – 30 and QD = 240 – 2P where P = price in dollars. A change in the tax on the good makes QS = P – 36. How will the change affect equilibrium price?

A It will fall by $2.

B It will fall by $6.

C It will rise by $2.

D It will rise by $6.