Saturday
April 19, 2014

Homework Help: Economics

Posted by Sanford on Sunday, November 4, 2012 at 5:18pm.

Graph A New Equilibrium:
Y axis represents Quantity (hours per semester) 0, 25, 50, 75, 100, 125, 150
X axis represents Price of Tutoring (per hour) 0, 5, 10, 15, 20, 25, 30, 35, 40, 45, $50
Question:
Determine the approximately size of market surplus or shortage that would exist at a price of
(a) $40 (b) $20

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Economics - Suppose the minimum wage is above the equilibrium wage in the market...
physics - On a velocity versus time graph the quantity the area between the ...
Economics - Equilibrium is defined as the price at which the quantity demanded ...
More Economics - I have an lazy instructor using test bank questions unrelated ...
microeconomics - If aggregate demand for a product is Qd = 600 20P and supplys...
Economics - How will a new law mandating an increase in required levels of ...
Algebra 2 - the demand for a new video game is given by the function p(x)= -x^2...
economics - 2. Suppose that the quantity of corn supplied depends on the price ...
math - given the demand equation 8x + p - 46 = 0 and the supply equation 7x - p...
Intermediate Macro Economics - To complete the analysis, Chuck wants to know ...

Search
Members