A calculate the equilibrium price and equilibrium quantity, Econometrics

+44 141 628 6080
[email protected]

A calculate the equilibrium price and equilibrium quantity

Semester "Spring 2010"
"Microeconomics (ECO402)"
Assignment No.01 Marks: 20
Question 01:
Suppose the supply and demand equations for market of rice in year2009 are:
Qs =1500+200P
Qd = 3000 - 210P

A. Calculate the equilibrium price and equilibrium quantity of ricefor 2009.
B. Calculate the elasticity of demand and elasticity of supply;what do you conclude from these answers whether these are elastic orinelastic.
(Marks = 4+6)

Request for Solution File

Ask an Expert for Answer!!

Econometrics: A calculate the equilibrium price and equilibrium quantity

Reference No:- TGS0583310

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Econometrics

Q : A long vertical wire carries an unknown current coaxial

A long vertical wire carries an unknown current. Coaxial with the wire is a long, thin, cylindrical conducting surface that carries a current of 31.7 mA upward, what is the current (in A) in the wire

Q : 250g of kclo3 decomposes by the equation 2kclo32kcl3o2 what

2.50g of KClO3 decomposes by the equation: 2KClO3=2KCl+3O2. What volume of O2 is produced at 25 degree C and a pressure of 750 mmHg

Q : Writing an essay for my history of afghanistan class i have

Writing an essay for my history of Afghanistan class, I have plenty of secondary sources, but no primary sources. If anybody could point me in the right direction that would be great.

Q : What is the mechanism for the trans-esterification reaction

What is the mechanism for the trans-esterification reaction of acetylsalicylic acid and methanol into methyl salicylate

Q : A calculate the equilibrium price and equilibrium quantity

A. Calculate the equilibrium price and equilibrium quantity of rice for 2009. B. Calculate the elasticity of demand and elasticity of supply;what do you conclude from these answers whether these are elastic orinelastic.(Marks = 4+6)

Q : A firefighter with a weight of 702 n slides down a vertical

A firefighter with a weight of 702 N slides down a vertical pole with an acceleration of 2.90 m/s2, directed downward. What are the magnitudes and directions (choose the positive direction up) of the vertical forces

Q : Janequit her job at ibm where she earned 50000 a year

Janequit her job at IBM where she earned $50,000 a year. Shecashed in $50,000 in corporate bonds that earned 10% interestannually to buy a mini-bus. Jane has decided to buy themini-bus and set up a commuter service between Lincoln and Omaha.

Q : A pilot having mass mkg flies a plane in a vertical loop

A pilot having mass M(kg) flies a plane in a vertical loop with a radius of 800m at a constant speed of 500 km/h. Determine the force exerted on the pilot by the seat at both the top and bottom of the loop

Q : A calculate the equilibrium price and equilibrium quantity

A. Calculate the equilibrium price and equilibrium quantity of rice for 2009. B. Calculate the elasticity of demand and elasticity of supply; what do you conclude from these answers whether these are elastic or inelastic.

1947159

Questions
Asked

3,689

Active Tutors

1439211

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Econometrics: A calculate the equilibrium price and equilibrium quantity

Reference No:- TGS0583310

Have a Question? (oR Write a Review)

Recent Questions Asked Econometrics

Q : A long vertical wire carries an unknown current coaxial

Q : 250g of kclo3 decomposes by the equation 2kclo32kcl3o2 what

Q : Writing an essay for my history of afghanistan class i have

Q : What is the mechanism for the trans-esterification reaction

Q : A calculate the equilibrium price and equilibrium quantity

Q : A firefighter with a weight of 702 n slides down a vertical

Q : Janequit her job at ibm where she earned 50000 a year

Q : A pilot having mass mkg flies a plane in a vertical loop

Q : A calculate the equilibrium price and equilibrium quantity

How is it rational for the owner of a factory or plantation

Discussion about idea of the tramp stamp

How are schools important in the struggle for power

Problem regarding culturally relativistic

Symbolic interactionism took off as a theoretical approach

Examine gender inequality on a global scale

Review the real-life cat and mouse chase

Request for Solution File

Ask an Expert for Answer!!

Econometrics: A calculate the equilibrium price and equilibrium quantity

Reference No:- TGS0583310

Recent Questions Asked Econometrics

Q : A long vertical wire carries an unknown current coaxial

Q : 250g of kclo3 decomposes by the equation 2kclo32kcl3o2 what

Q : Writing an essay for my history of afghanistan class i have

Q : What is the mechanism for the trans-esterification reaction

Q : A calculate the equilibrium price and equilibrium quantity

Q : A firefighter with a weight of 702 n slides down a vertical

Q : Janequit her job at ibm where she earned 50000 a year

Q : A pilot having mass mkg flies a plane in a vertical loop

Q : A calculate the equilibrium price and equilibrium quantity

Asked Questions