ZuoTi.Pro
Question

The demand for wheat is given by: Qp-186-0.4P. The supply of wheat is given by: Qs- 3P-120. Suppose the government imposes a a price ceiling of $68. Question 4 Tries remaining: 2 Points out of 7.70 Calculate the dollar amount of consumer surplus from the price ceiling. Flag questionD ot include a S sign in your response. Round to the nearest two decimal places if necessary.,) Answer: Check

business   economics   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

00- 6s 16i 40 した101 3(7-166 6 0 8620+ $708

0 0
Add a comment
Know the answer?
Add Answer to:
The demand for wheat is given by: Qp-186-0.4P. The supply of wheat is given by: Qs-...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 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

  • 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...

  • The demand for wheat is given by: QD= 126 -0.2P. The supply of wheat is given...

    The demand for wheat is given by: QD= 126 -0.2P. The supply of wheat is given by: QS= 5P -290. Suppose the government imposes a a price ceiling of $68. Calculate the dollar amount of deadweight loss from the price ceiling. (Do not include a $ sign in your response. Round to the nearest two decimal places if necessary.)

  • 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 3 Tries remaining: 2 government imposes a a price ceiling of $49. Points out of...

    Question 3 Tries remaining: 2 government imposes a a price ceiling of $49. Points out of 7.70 Calculate the dollar amount of deadweight loss from the price ceiling. The demand for wheat is given by: QD-220-P The supply of wheat is given by: Qs-5P-80. Suppose the Flag question (Do not include a S 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...

    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 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 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

  • Suppose that the demand curve for wheat is Q=120 - 10p and the supply curve is...

    Suppose that the demand curve for wheat is Q=120 - 10p and the supply curve is Q=10p The government imposes a price ceiling of p= $4 per unit per unit. a. How do the equilibrium price and quantity​ change?  ​(round quantities to the nearest integer and round prices to the nearest​ penny) The equilibrium quantity without the price ceiling is 60 and the price without the price ceiling is ​$6. The equilibrium quantity with the price ceiling is 40. B)...

  • The wheat market is perfectly competitive, and the market supply and demand curves are given by the following equations:

    The wheat market is perfectly competitive, and the market supply and demand curves are given by the following equations: QD = 20,000,000 - 4,000,000P QS = 7,000,000 + 2,500,000P, where QD and QS are quantity demanded and quantity supplied measured in bushels, and P = price per bushel. a. Determine consumer surplus at the equilibrium price and quantity. b. Assume that the government has imposed a price floor at $2.25 per bushel and agrees to buy any resulting excess supply. How many bushels of wheat...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT