SophiaPretty

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About SophiaPretty

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Accounting,Algebra See all
Accounting,Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Economics,Engineering,English,Environmental science,Essay writing Hide all
Teaching Since: Jul 2017
Last Sign in: 305 Weeks Ago, 1 Day Ago
Questions Answered: 15833
Tutorials Posted: 15827

Education

  • MBA,PHD, Juris Doctor
    Strayer,Devery,Harvard University
    Mar-1995 - Mar-2002

Experience

  • Manager Planning
    WalMart
    Mar-2001 - Feb-2009

Category > Business & Finance Posted 06 Sep 2017 My Price 8.00

Demand: Qd = 400 - 3P

Demand: Qd = 400 - 3P

Supply: Qs = -100 + 2P

A) What are equilibrium price and quantity?

B) Suppose actual price is $92, What is quantity and supply demanded at this price?

C) At price of $92, wil there be a shortage or surplus?

D) What is the amount of this shortage or surplus?

E) Over time, do you expect prices to rise or fall?

 

Demand: Qd = 500 - 2P

Supply: Qs = -80 + 3P

A) What are the equilibrium price and quantity?

B) Suppose actual market price is $128. What is the quantity demanded and supplied at this price?

C) At the price of $128, will their be a shortage or a surplus?

D) What is the amount of the shortage or surplus?

E) Over time, do you expect the price to rise or fall?

Answers

SophiaPretty
(5)
Status NEW Posted 06 Sep 2017 01:09 PM My Price 8.00

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