This topic contains a solution. Click here to go to the answer

Author Question: Consider a market characterized by the following demand and supply conditions: QD= 200 - 3p and QS= ... (Read 33 times)

sbegs

  • Full Member
  • ***
  • Posts: 142

Question 1

Consider a market characterized by the following demand and supply conditions: QD = 200 - 3p and QS = 100 + 2p. The equilibrium quantity and price would then be
◦ Q = 21, p = 49.
◦ Q = 60, p = 160.
◦ Q = 72, p = 63.
◦ Q = 220, p = 40.
◦ Q = 140, p = 20.

Question 2

Consider a market characterized by the following demand and supply conditions: QD = 200 - 3p and QS = 100 + 2p. If the prevailing price on the market is $15, then
◦ the market is clearing.
◦ the market experiences a shortage of 25 units.
◦ the market experiences a surplus of 200 units.
◦ the market experiences a shortage of 200 units.
◦ the market experiences a surplus of 25 units.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by sbegs on Oct 12, 2022

koung719

  • Full Member
  • ***
  • Posts: 164
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly




sbegs

  • Member
  • Posts: 142
Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)


LVPMS

  • Member
  • Posts: 323
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

For a complete list of videos, visit our video library