Solved: Determine the equilibrium price and producer surplus, Macroeconomics

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Determine the equilibrium price and producer surplus

Problem:

Suppose the supply of good X is given by Qsx = 10 + 2 Px . How many units of good X are produced if the price of good X is 20?

Suppose market demand and supply are given by Qd = 100 - 2P and Qs = 5 + 3P. The equilibrium price is:

Suppose market demand and supply are given by Qd = 100 - 2P and Qs = 5 + 3P. If a price ceiling of $15 is imposed,

Suppose the market supply for good X is given by QXs = -100 + 5PX. If the equilibrium price of X is $100 per unit then producer surplus is?

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Macroeconomics: Determine the equilibrium price and producer surplus

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