FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

P = 12000 - 5Q d P = 800 + 3Q S What is the equilibrium quantity and equilibrium price?

P = 12000 - 5Qd

P = 800 + 3QS

What is the equilibrium quantity and equilibrium price?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Accounting

Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,

Volume 1, 2nd canadian Edition

176509739, 978-0176509736, 978-0176509743

Students also viewed these Economics questions

Question

★★★★★
Examine the following visual display, adapted from one that appeared in the World Happiness Report, distributed by the United Nations in April 2012, as reported by flowingdata.com. a. Describe at...

Answered: 1 week ago

Question

★★★★★
New Orleanss Mt. Sinai Hospital is a large, private, 600-bed facility complete with laboratories, operating rooms, and X-ray equipment. In seeking to increase revenues, Mt. Sinais administration has...

Answered: 1 week ago

Question

★★★★★
George and Faye enter a quiz in which they have to answer independently 10 True or False questions. (i) Assuming that they are both purely guessing, so that both have a probability of 12 of answering...

Answered: 1 week ago

Question

★★★★★
1. On January 1, 2011, Pan Company sold equipment to its wholly-owned subsidiary, Sun Company, for $1,800,000. The equipment cost Pan $2,000,000. Accumulated depreciation at the time of sale was...

Answered: 1 week ago

Question

★★★★★
Question 58 Ben and Fay were married. Lia has been their tax preparer for many years. During a meeting with Lia, they disclosed they recently divorced. Lia explained to both of them that a conflict...

Answered: 1 week ago

Question

★★★★★
A company is considering two investment alternatives: The net profit represents all profits less operating and maintenance costs, but BEFORE taxes. The company pays 70% of its year end profit as...

Answered: 1 week ago

Question

★★★★★
REMEMBER ME- LIVING LEGACIES Imagine you created business from a website that you can use as a memorial for your loved ones that passed away. Management and Operations Including yourself, how many...

Answered: 1 week ago

Question

★★★★★
If most new products are minor modifications of existing products, why do firms continue with high-risk, high-cost projects?

Answered: 1 week ago

Question

★★★★★
Examine the rules in /etc/snort/rules/ and find the duplicate rule. What is the sid: number for the duplicate rule? (Hint: answer is the higher of the two SID numbers.) what command would i use to...

Answered: 1 week ago

Question

★★★★★
In other words, according to your informed thinking on what you have observed, in what ways was the leader's behavior impactful or was not effective, and why do you say so?

Answered: 1 week ago

Question

★★★★★
Assume that the initial stock price is So = $ 1 0 0 . You would like to hedge a long position of 2 0 call contracts ( 1 0 0 shares per contract ) with 2 5 0 days to maturity anda strike price of $ 1...

Answered: 1 week ago

Question

★★★★★
The following are 11 audit procedures taken from an audit program: 1. Select items from the inventory records and examine the items in the warehouse. 2. Perform test of reasonableness on depreciation...

Answered: 1 week ago

Previous Question Next Question