Effect on the Equilibrium Price and Quantity
When Conditions of Demand Changed (With Supply Unchanged)
If there is a amend in the condition of demand which cause the demand curve to shift to the left, there will be a new equilibrium price and quantity as shown in diagram (i) below.
When Conditions of Supply Changed (With Demand Unchanged)
If there is a change in the condition of supply which cause it to shift to the left, this will result in the new equilibrium price and quantity as shown in the diagram drawn (ii) above.
When Both Conditions of Demand and Supply are changed
If there are changes in conditions of demand and supply both, then the equilibrium price and quantity can only be determined provided we know that:
- The directions of the shift left or right
- The magnitude/distance of the shift
- The elasticity which is slope of demand and supply curves both
When Government Imposes an Indirect Tax
The imposition of an indirect tax will decrease the amount which firms are prepared to supply at every different price level. The effects are shown below.
Market Price
$
Qty. Demanded
Qty. supplied before tax
Qty. supplied after tax
1
2
3
4
5
6
7
19
16
14
10
8
12
-
When Government Provides Subsidy to Producers
Subsidy is a form of aid which will decrease the cost of production and therefore will increase the supply of the good or service at each different cost level. The effects these are given below.
Qty. supplied before subsidy
Qty. supplied after subsidy
22
18
Email based equilibrium price and quantity homework help at TutorsGlobe
Are you searching economics tutor for help with Equilibrium Price and Quantity questions? Equilibrium Price and Quantity topic is not easier to learn without external help? We at www.tutorsglobe.com offer finest service of economics homework help and economics homework help. Live tutors are available for 24x7 hours helping students in their Equilibrium Price and Quantity related problems. We provide step by step Equilibrium Price and Quantity question's answers with 100% plagiarism free content. We prepare quality content and notes for Equilibrium Price and Quantity topic under economics theory and study material. These are avail for subscribed users and they can get advantages anytime.
Why TutorsGlobe for Equilibrium Price and Quantity homework help
while hot water is needed just at one service point, this type is employed. it holds water of low pressure and therefore is termed as non-pressure type.
tutorsglobe.com capitalist economy assignment help-homework help by online economic systems tutors
Protozoa tutorial all along with the key concepts of Locomotor structures, Food gathering structures, Osmoregulatory structures, Protective Structures, Life cycle phases-Protozoa and Protozoan Reproduction
theory and lecture notes of theory of dynamic characteristics ii, all along with the key concepts of delay time, fall-time, transistor turn-on and assignment help. tutorsglobe offers homework help, assignment help and tutor’s assistance on theory of dynamic characteristics ii.
Empirical Formula of an Oxide tutorial all along with the key concepts of theory of chemical formula, Determination of the empirical formula, Concept of the experiment-empirical formula, Procedure-empirical formula of an oxide
Looking for a reliable and affordable Labor-Management Relations Assignment Help service online? Approach us and get benefitted!
Osmotic and Water Potentials tutorial all along with the key concepts of Osmotic Potential, Turgor pressure and wall pressure, Diffusion pressure deficit, Water potential, Kinds of plasmolysis, Factors affecting Imbibition
tutorsglobe.com propagation by underground stem assignment help-homework help by online natural methods of vegetative propagation tutors
Tropical and Temperate Flora and Fauna tutorial all along with the key concepts of Tropical and Temperate Regions, Tropical and Temperate Flora, Tropical and Temperate Fauna, Dispersal of Plants, Means of Dispersal of Animals and Principles of Animal Distribution
tutorsglobe.com positive interactions assignment help-homework help by online relationships among organisms tutors
Anions-Other Constituents of Concern in Water tutorial all along with the key concepts of Anions in Natural and Wastewaters, Residual chlorine, Chlorine-Hypochlorous acid with Substances in Water, Reactions by reducing agents, Reactions with phenols, Volatile Acids in Water
tutorsglobe.com asymmetric information and moral hazard assignment help-homework help by online contracts and moral hazard tutors
tutorsglobe.com microbes and diseases assignment help-homework help by online microbes in fermentation tutors
Structure and Composition of the Atmosphere tutorial all along with the key concepts of Properties of the Atmosphere, Vertical Diminution of Density with Height, Isothermal Atmosphere, Adiabatic Atmosphere, Temperature Profile of Adiabatic Atmosphere
the way in which we compute the cost of inventories (or stock) is significant since the cost of inventories sold throughout a period will influence the calculation of profit and the remaining inventories held at the end of the period will influence the portrayal of wealth in the statement of financial position.
1938847
Questions Asked
3689
Tutors
1464774
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!