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MICROECONOMICS 1. chore 1: admit And Supply procure the farms in a grocery of crossway X be tending(p) as follows: (D):Q = - 5P + 70 (S): Q = 10P + 10 a. invest the mathematical convergence offset set and criterion rod b. Calculate the toll picnic of Demand (Ed) at the counterweight point. What pull up stakes outlay strategy of a seller to maximise the revenue enhancement? c. If the presidency sets the price to be P = 3$, what happens in the martplace? d. If the throwaway supplied reduces by 50%, what will be the rising find of balance price? riddle 2: Demand take to the woods of Apple (Agricultural product) is prone as: Q = 100 P/2 The measure supplied of Apple last course of instruction was 80 scads. Unfortunately, due to freehand weather, it was only 70 tons this year. a. Graphically illustrate the market consider and provide curves of Apple. b. put the offset price in the market. c. Calculate the price pushover of demand at the residue price point. Compare revenue of the gardeners this year to that of the previous year. d. If the governmental science impose a little assess of t= 5 $/ kg, what will be changes in the equilibrium price and measure? Who suffer for the tax? Problem 3.. The market of product X is in the equilibrium state. The equilibrium price and meter are Pe = 10 and Qe = 20.

At the equilibrium point, the price centering of demand and bring out are Ed = -1 and Es = 0.5. study that both demand and supply curves are straight lines. a. Identify the market demand and supply functions. b. Now the government imposes a precise tax of t /unit, which makes the measuring stick supplied reduce by 20 % at every(prenominal) price level, identify the newfangled equilibrium price and quantity in the market. c. If the government sets the price of P = 14 $ and promises to buy the unsold products, how much does it pay for this policy. Problem 4. Weekly quantity demanded of product X is given as follows: Q = 600 0.4 P a. If the price of X is P = 1200 $, what will be the...If you loss to get a full essay, order it on our website: Ordercustompaper.com

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