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You can chose any product... Data should be from internet from any source... I just need detail solution Topic: Demand and supply Theory Aim: This
You can chose any product... Data should be from internet from any source... I just need detail solution
Topic: Demand and supply Theory Aim: This study empirically investigates the determinants of quantity bemsmised and supplied of any product or serrice and the role of the othet tacters in X economy. Methodology: - Make a rdemiand and supply scherdule of a certain product. - Graph the dernand and supply sctiedula. - Determine the ciqulibrium price, supply and puantity. - Discuss other factors then intluence demend end supply other than price. - Calculate for the shortagaisurplus at each price leved and the effects of price elasticity of dismand and sizply in the markes. Model: Qd=f(P,1,Pue,T,Pee,N) Ihe theory says: Q=(P3,1,PB,T,PE,,N) Data: Qu is quantity demanded of the good sad service. L is price of the good and setvice, 1 is consumer's income per capita, Pu is price of the related gooda and servioes, T is taste parterns of consuncers, PE is expected price of the good in some future period and N is number of consumera in the market. Q.f(P,CF,P,N,N) The Theory says: Q1=+,+i+,++(P,CF,Pk,N) Data: Qs is quantity supplied of the good and service, P is price of the good and service, PR is price of the related goods and services, T is taste patterns of consumers, and N is number of producets in the marker. Topic: Demand and supply Theory Aim: This study empirically investigates the determinants of quantity bemsmised and supplied of any product or serrice and the role of the othet tacters in X economy. Methodology: - Make a rdemiand and supply scherdule of a certain product. - Graph the dernand and supply sctiedula. - Determine the ciqulibrium price, supply and puantity. - Discuss other factors then intluence demend end supply other than price. - Calculate for the shortagaisurplus at each price leved and the effects of price elasticity of dismand and sizply in the markes. Model: Qd=f(P,1,Pue,T,Pee,N) Ihe theory says: Q=(P3,1,PB,T,PE,,N) Data: Qu is quantity demanded of the good sad service. L is price of the good and setvice, 1 is consumer's income per capita, Pu is price of the related gooda and servioes, T is taste parterns of consuncers, PE is expected price of the good in some future period and N is number of consumera in the market. Q.f(P,CF,P,N,N) The Theory says: Q1=+,+i+,++(P,CF,Pk,N) Data: Qs is quantity supplied of the good and service, P is price of the good and service, PR is price of the related goods and services, T is taste patterns of consumers, and N is number of producets in the markerStep by Step Solution
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