Homework Answers
Surplus = Qs - Qd
= (10P - 770) - (220 - P)
= 10P - 770 - 220 + P
= 11P - 990
= 11(195) - 990
= 2145 - 990
= 1155
Add Answer to:
Question 2 Tries remaining: 2 Points out of 7.70 Suppose the demand for jackets was given...
Question 2 Tries remaining: 2 Points out of 7.70 P Flag question Suppose the demand for...
Question 2 Tries remaining: 2 Points out of 7.70 P Flag question Suppose the demand for jackets was given by: Q 220 -P. The supply of jackets is given by: Qs- 10P -770 Suppose the price was $195 per jacket. Calculate whether there is a surplus or shortage of jackets at that price and the quantity of jackets associated with the surplus or shortage. Enter your response as Qs- Negative numbers indicate shortage. Positive numbers indicate surplus. (Round to the...
Question 2 Tries remaining: 2 Points out of 7.70 P Flag question Suppose the demand for...
Question 2 Tries remaining: 2 Points out of 7.70 P Flag question Suppose the demand for jackets was given by: Qp- 190 -0.2P. The supply of jackets is given by: Qs- 2P -30. Suppose the price was $34 per jacket. Calculate whether there is a surplus or shortage of jackets at that price and the quantity of jackets associated with the surplus or shortage. Enter your response as Qs Negative numbers indicate shortage. Positive numbers indicate surplus. (Round to the...
Question 2 Tries remaining: Suppose the price was $34 per jacket. Calculate whether there is a...
Question 2 Tries remaining: Suppose the price was $34 per jacket. Calculate whether there is a surplus or shortage of jackets at that price and Points out of 7.70 Suppose the demand for jackets was given by: QD- 190 -0.2P. The supply of jackets is given by: Qs- 2P -30. the quantity of jackets associated with the surplus or shortage. Enter your response as Qs- Negative numbers indicate shortage. Positive numbers indicate surplus. (Round to the nearest two decimal places...
Question 3 Tries remaining: 2 Points out of 7.70 Calculate the dollar amount of deadweight loss...
Question 3 Tries remaining: 2 Points out of 7.70 Calculate the dollar amount of deadweight loss from the price ceiling. The demand for wheat is given by: Op- 137.5-0.25P. The supply of wheat is given by: Qs- 10P-170. Suppose the government imposes a a price ceiling of $25 Flag question (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 10 Tries remaining: 2 Points out of 7.70 The demand for sugar is given by:...
Question 10 Tries remaining: 2 Points out of 7.70 The demand for sugar is given by: D 610 -P. The supply of sugar is given by: Qs 10P -3570. The equilibrium quantity without a tax is 230 units. The government levies a $33 per unit tax on the suppliers of sugar. Calculate deadweight loss from this tax. P Flag question (Do not include a S sign in your response. Round to the nearest two decimal places if necessary.) Answer Check
Question 5 Tries remaining: 2 Points out of 7.70 The demand for okra is given by:...
Question 5 Tries remaining: 2 Points out of 7.70 The demand for okra is given by: Q 220 -P. The supply of okra is given by: Qs 8P-50. The government has implemented a price floor of $58. Calculate producer surplus with the price floor (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
1 Suppose the demand for shoes is given by: QD= 210 -2P. The supply of shoes...
1 Suppose the demand for shoes is given by: QD= 210 -2P. The supply of shoes is given by: QS= 9P -120. Calculate the Gains from Trade (also known as Economic Surplus) that would exist in this market in a competitive equilibrium. 2 Suppose the demand for jackets was given by: QD= 140 -0.4P. The supply of jackets is given by: QS= 4P -80. Suppose the price was $49 per jacket. Calculate whether there is a surplus or shortage of...
Question 6 Tries remaining:2 Points out of 7.70 The demand for corn is given by: Q-...
Question 6 Tries remaining:2 Points out of 7.70 The demand for corn is given by: Q- 175-0.5P. The supply of corn is given by: Qs- 9P-110 The government has a price support policy of $100. Calculate the dollar amount of government expenditures for the price support policy. Flag question (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 1 Tries remaining:2 Points out of 7.70 Suppose the demand for shoes is given by:...
Question 1 Tries remaining:2 Points out of 7.70 Suppose the demand for shoes is given by: - 310 -2P. The supply of shoes is given by: as-5P-250 Calculate the Gains from Trade (also known as Economic Surplus) that would exist in this market in a competitive equilibrium (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Flaa question Answer: Check
Question 4 Tries remaining: 2 government imposes a a price ceiling of $68 Points out of...
Question 4 Tries remaining: 2 government imposes a a price ceiling of $68 Points out of 7.70 Calculate the dollar amount of consumer surplus from the price ceiling. The demand for wheat is given by: Q- 186-0.4P. The supply of wheat is given by: Qs- 3P -120. Suppose the Flag question (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 2 Tries remaining: 2 Points out of 7.70 P Flag question Suppose the demand for jackets was given by: Q 220 -P. The supply of jackets is given by: Qs- 10P -770 Suppose the price was $195 per jacket. Calculate whether there is a surplus or shortage of jackets at that price and the quantity of jackets associated with the surplus or shortage. Enter your response as Qs- Negative numbers indicate shortage. Positive numbers indicate surplus. (Round to the...
Question 2 Tries remaining: 2 Points out of 7.70 P Flag question Suppose the demand for jackets was given by: Qp- 190 -0.2P. The supply of jackets is given by: Qs- 2P -30. Suppose the price was $34 per jacket. Calculate whether there is a surplus or shortage of jackets at that price and the quantity of jackets associated with the surplus or shortage. Enter your response as Qs Negative numbers indicate shortage. Positive numbers indicate surplus. (Round to the...
Question 2 Tries remaining: Suppose the price was $34 per jacket. Calculate whether there is a surplus or shortage of jackets at that price and Points out of 7.70 Suppose the demand for jackets was given by: QD- 190 -0.2P. The supply of jackets is given by: Qs- 2P -30. the quantity of jackets associated with the surplus or shortage. Enter your response as Qs- Negative numbers indicate shortage. Positive numbers indicate surplus. (Round to the nearest two decimal places...
Question 3 Tries remaining: 2 Points out of 7.70 Calculate the dollar amount of deadweight loss from the price ceiling. The demand for wheat is given by: Op- 137.5-0.25P. The supply of wheat is given by: Qs- 10P-170. Suppose the government imposes a a price ceiling of $25 Flag question (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 10 Tries remaining: 2 Points out of 7.70 The demand for sugar is given by: D 610 -P. The supply of sugar is given by: Qs 10P -3570. The equilibrium quantity without a tax is 230 units. The government levies a $33 per unit tax on the suppliers of sugar. Calculate deadweight loss from this tax. P Flag question (Do not include a S sign in your response. Round to the nearest two decimal places if necessary.) Answer Check
Question 5 Tries remaining: 2 Points out of 7.70 The demand for okra is given by: Q 220 -P. The supply of okra is given by: Qs 8P-50. The government has implemented a price floor of $58. Calculate producer surplus with the price floor (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 6 Tries remaining:2 Points out of 7.70 The demand for corn is given by: Q- 175-0.5P. The supply of corn is given by: Qs- 9P-110 The government has a price support policy of $100. Calculate the dollar amount of government expenditures for the price support policy. Flag question (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Question 1 Tries remaining:2 Points out of 7.70 Suppose the demand for shoes is given by: - 310 -2P. The supply of shoes is given by: as-5P-250 Calculate the Gains from Trade (also known as Economic Surplus) that would exist in this market in a competitive equilibrium (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Flaa question Answer: Check
Question 4 Tries remaining: 2 government imposes a a price ceiling of $68 Points out of 7.70 Calculate the dollar amount of consumer surplus from the price ceiling. The demand for wheat is given by: Q- 186-0.4P. The supply of wheat is given by: Qs- 3P -120. Suppose the Flag question (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.) Answer: Check
Most questions answered within 3 hours.
-
Find and , the mean and standard deviation of the
sampling distribution of :
μ = 25,...
asked 2 minutes ago -
1. Starting from rest, an automatic subway train is controlled
by a computer
that causes it’s...
asked 2 minutes ago -
You place a block of
ice (mass of 3 kg) into a test chamber filled with...
asked 49 minutes ago -
If a benzene ring has one -CF3 group as a
substituent, will the next substituent add...
asked 26 minutes ago -
CORPORATE FINANCE
STATEMENT: If the total risk of a stock is high you can
expect the...
asked 17 minutes ago -
Which of the following is true?
Select one:
a. The existence of generally accepted accounting principles...
asked 17 minutes ago -
What are the three characteristics of traditional "neighbor
ethics" that Jonas isolates, and in what respects...
asked 19 minutes ago -
According to the manufacturer of a certain candy, 9% of the
candy produced are red. If...
asked 20 minutes ago -
A rectangular block that is 0.6m wide, 0.6m long and 1.2m high
stands on a horizontal...
asked 27 minutes ago -
3. Assume that a mining company that produces ore sells its
product for $40 per ton....
asked 21 minutes ago -
A near sighted person wears corrective glasses made of a
diverging lens with a focal length...
asked 22 minutes ago -
You work for several accountants who are hosting a public
seminar on recent changes to tax...
asked 39 minutes ago