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Demand & Supply

Price Discrimination - Quantity Discounts

I can't find anywhere in my textbook a "direct" answer to this question. I tend to think that it's neither true nor false, because quantity discounts can be a form of price discrimination under certain circumstances. I guess I just need confirmation. Can someone please give me guidance on this question? "Quantity discounts

Supply and Demand Graphs

1. Illustrate the following with supply and demand curves. Before economic reforms were implemented in the countries of Eastern Europe, regulation held the price of bread substantially below equilibrium. When reforms were implemented, prices were deregulated and the price of bread rose dramatically. As a result, the quantity

Demand of Money

I need help in determining whether each of the following would lead to an increase, a decrease, or no change in the quantity of money people wish to hold. Also determine whether there is a shift of the money demand curve or a movement along a given money demand curve. a. A decrease in the price level b. An increase in real o

Income Statement Preparation

Accounts payable . . . . . . . . . . . . . . . . . . . . . .. $ 35,000 Accounts receivable . . . . . . . . . . . . . . . . . . . . . . 65,000 Advertising expense . . . . . . . . . . . . . . . . . . . . . . 15,000 Cash . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . 19,500 Supplies expense . . . . . . . . . . . . .

Annual demand and supply for the Entronics company is given by

Annual demand and supply for the Entronics company is given by: QD = 5,000 + 0.5 I + 0.2 A - 100P QS = -5000 + 100P where Q is the quantity per year, P is price, I is income per household, and A is advertising expenditure. a) If A = $10,000 and I = $25,000, what is the demand curve? b) what is equilibrium

Regulatory Effect on Equilibrium: Peak Period Computations

Peak Period Computations Consider an electricity market with a daytime (peak-period) inverse demand of P=160-Q, and a nighttime (off-peak) inverse demand P=80-Q, where P is the price of electricity and Q is units of electricity. The marginal cost of supplying electricity is: MC=Q. Right now the utilities face a regulated pric

Monopoly effect on consumer/producer surplus

The inverse market demand curve is P=140-Q, and the inverse supply curve is P=20+Q. Assume that the closed market is NOT competitive, but is controlled by a single supplier. Again using the same inverse supply and demand curves, compute the following: 1. the monopoly equilibrium production/consumption level 2. the market pr

Trade effect on consumer surplus/producer surplus

The inverse market demand curve is P=140-Q, and the inverse supply curve is P=20+Q. Assume that the market is in the equilibrium. Now, the market is opened up for trade. The world price is $60 per unit, and the country is too small to able to influence this price. Hence, the only option the country has is to buy or sell at the

Demand Elasticity Problems

Please can you give some ideas on how to solve the problem, even if you can't help with the final solution..Thank you! The demand for bus transportation in a small city is P=100-Q, where P is the price of the bus fare, and Q are rides per month (units=10,000 rides). (a) What is the revenue function for bus rides? Plot this

Supply and Demand

Could you please write four paragraphs or so in APA style if your giving me information for another publication, using economic terms and demonstrate with a elastic demand chart concerning Elastic Demand and Price Discounts.

Supply and Demand

The point of equilibrium is the intersection of the supply and demand curves. The point of equilibrium changes based on movements in these two curves. What are some of the ways these curves shift and what is the corresponding change to the point of equilibrium?

Supply and Demand

The supply of healthcare could be equated to the number of physicians, nurses, MRIs, CTs, ORs and etc. Demand for healthcare can be equated to the number of visits a physician sees, MRIs preformed, etc. How does supply affect healthcare? How does demand affect healthcare? What are some good examples of how supply and demand

Excel Modeling

*Please show all work, use excel and identify the value and units measured. (Notes for my own Use: Ch10:2) Location Problem with Two Sites. Oliveira Office Supply has a large retail system consisting of 12 stores spread around the country, often in direct competition with Kilroy. However, managers at Oliveira have decided

Economics multiple choice

Which level indicates the point of maximum economic efficiency? Lowest point on AC curve Lowest point on AVC curve Lowest point on MC curve None of the above A monopoly will usually produce where its demand curve is inelastic where its demand curve is elastic

Equilibrium Price

Suppose the demand for Levi jeans increases by 9%. If the supply elasticity is 0.7 and the demand elasticity is 0.8 what will be the percentage change in the equilibrium price?


1. Suppose that macroeconomic forecasters predict that the economy will be expanding in the near future. How might managers use this information 2. Governments impose excise taxes on goods that have inelastic demand, such as cigarettes, more often than in other cases. Explain why

Economics Questions

Which of the following will cause the demand curve for gasoline to shift leftward? a. a decrease in the price of gasoline b. an increase in the price of gasoline c. a leftward shift of the supply of gasoline d. a rightward shift of the supply of cars e. a decrease in the price of bicycles Markets reduce transactions co


List the names of the some companies that are in monopoly business. Explain whether a monopoly could increase its revenue and its profits by charging different prices to different groups of customers. Give a numerical example to illustrate your point OTHER THAN SENIOR DISCOUNTS.

Price Elasticity

Suppose the price of apples rises from $3.50 a pound to $4.00 and your consumption of apples drops from 30 pounds of apples a month to 20 pounds of apples. Calculate your price elasticity of demand of apples. What can you say about your price elasticity of demand of apples? Is it Elastic, Inelastic, or Unitary Elastic? Be sure t

Dominant Strategies: Managerial Economics

12. The following payoff matrix represents the long-run payoffs for two duopolists faced with the option of buying or leasing buildings to use for production. Determine whether any dominant strategies exist and whether or not there is a Nash equilibrium. Firm 1 Lease Building Buy Building Lease F1 = 500 F1 = 75

Supply and Demand

A) Is it possible that you would purchase more of a good if its price rose? Is it possible that you would buy less of a good whose price falls? WHY or WHY NOT? B) What is an inferior good? C) What is the only determinant of demand that can have changed if there is a change in quantity demanded? What if there is a change in d