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  • Ec0 401solution

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    Usama Abuzar
    7 views2 pages
    The document shows equations setting the quantity demanded (Qd) equal to the quantity supplied (Qs) to find the equilibrium price (P) and quantity (QE) for a good. It solves for P when Qd = 4000 - 4p and Qs = 4000 - 4P/1000 + P, finding P = 600 and QE = 1600. A graph illustrates the initial supply (S1) and demand (D1) curves and how the equilibrium (E1) shifts to a new equilibrium (E2) with a higher price (PE) and lower quantity (QE) if either supply decreases or demand increases.

    Original Description:

    Solution for economics

    Original Title

    EC0_401SOLUTION

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    The document shows equations setting the quantity demanded (Qd) equal to the quantity supplied (Qs) to find the equilibrium price (P) and quantity (QE) for a good. It solves for P when Qd = 4000 - 4p and Qs = 4000 - 4P/1000 + P, finding P = 600 and QE = 1600. A graph illustrates the initial supply (S1) and demand (D1) curves and how the equilibrium (E1) shifts to a new equilibrium (E2) with a higher price (PE) and lower quantity (QE) if either supply decreases or demand increases.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    7 views2 pages

    Ec0 401solution

    Uploaded by

    Usama Abuzar
    The document shows equations setting the quantity demanded (Qd) equal to the quantity supplied (Qs) to find the equilibrium price (P) and quantity (QE) for a good. It solves for P when Qd = 4000 - 4p and Qs = 4000 - 4P/1000 + P, finding P = 600 and QE = 1600. A graph illustrates the initial supply (S1) and demand (D1) curves and how the equilibrium (E1) shifts to a new equilibrium (E2) with a higher price (PE) and lower quantity (QE) if either supply decreases or demand increases.

    Copyright:

    © All Rights Reserved
    Download as DOC, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as doc, pdf, or txt
    of 2

    a.

    Qd
    1000+p

    Qs

    Qd

    4000-4(600)

    Qs

    4000-4p
    =
    1000+p
    1000+600

    Qd

    4000-2400

    Qs

    4000-1000 =
    1600

    Qd

    1600

    Qs

    p+4p

    3000

    5p

    Qd = Qs

    3000/5

    1600 =

    1600

    600
    EP

    SUPPLY
    E
    600
    600

    450
    300
    150

    400

    1600

    800

    1200

    16000

    EQ

    EFFECT ON EQULIBRIUM

    QUESTION 1. C

    E2

    S2

    PE

    S1

    800

    E1

    600

    400
    a400
    200
    400

    800

    1200

    1600

    QE

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