. Demand & Supply: Where is equilibrium? For the demand & supply equations given, show whether equilibrium occurs over the price range shown. Solve each for "Q="& place formula under Qd & Qs. Indicate equilibrium by BOLDING (B] icon on toolbar) the cells. D: P 50 -0.010, Q₁-(50-Py0.01 P 50 47.5 45 42.5 40 37.5 35 32.5 30 27.5 25 Q 0 250 500 750 1000 1250 1500 1750 2000 2250 2500 S: P = 0.030, Q, P/0.03 Q₂ 50 -0.01 (NOTE: No need to fill in the blanks. This is a prompt to solve for the Qvariables.)
. Demand & Supply: Where is equilibrium? For the demand & supply equations given, show whether equilibrium occurs over the price range shown. Solve each for "Q="& place formula under Qd & Qs. Indicate equilibrium by BOLDING (B] icon on toolbar) the cells. D: P 50 -0.010, Q₁-(50-Py0.01 P 50 47.5 45 42.5 40 37.5 35 32.5 30 27.5 25 Q 0 250 500 750 1000 1250 1500 1750 2000 2250 2500 S: P = 0.030, Q, P/0.03 Q₂ 50 -0.01 (NOTE: No need to fill in the blanks. This is a prompt to solve for the Qvariables.)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
![AutoSave OFF A B 2. C ···
Home Insert Draw Page Layout
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LA
P22
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Paste
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Fill in the blank cells under the headings.
8 SEE THE ASSIGNMENT IN CANVAS FOR SUBMISSION INSTRUCTIONS!!
A
4 Please find Excel basics under the mini-tutorial tab.
5
For reference, you might open the previous spreadsheet files with "ANS" in the Weeks 2. & 3. Modules.
6
Please click on FILE-Save As & save as prac1-abc.xlsx, where abc are your 3 initials.
P
I U ♥
1. Demand & Supply: Where is equilibrium?
D: P 50 -0.010,
Q₁ = (50-P)/0.01
50
47.5
29
30
31 2. Production Possibilities
32
33
45
42.5
40
37.5
35
32.5
30
27.5
25
Together
Qd
0
250
500
750
1000
For the demand & supply equations given, show whether equilibrium occurs
over the price range shown. Solve each for "Q=" & place formula under Qd & Qs.
Indicate equilibrium by BOLDING ([B] icon on toolbar) the cells.
1250
1500
1750
2000
2250
2500
R✔
D
N
0
✓12
Problems
S: P = 0.03Q,
Q, P/0.03
E
Q₂
Formulas
←
Ready Accessibility: Investigate
A A
Y
F
Data Review View
=== ✔
三三三国•
EE
G
50 -0.01
Compute the slope (as defined below) of the circle based on the N & C variables.
N² + C² = 2500
H
C slope = [change C/ change N]
none
Mini-Tutorial Changing Axes
I
+
General
3 prac1-IMK
Automate Tell me
$ % 9
Y
J
K
(NOTE: No need to fill in the blanks. This is a prompt to solve for the Q variables.)
L
Conditional Formatting ✓
Format as Table
Cell Styles v
M
N
O
P
Insert v
Delete v
Format v
O
[*480*
TV
Sort &
6 V Filter
R
S
8
Find &
Select
T
Comments
FOT
M
Analyze
Data
U
V
Q
Share
Sensitivity
W
+ 80%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2aa7602c-b77c-42b5-9c60-31c44860e989%2Fbaa69864-4664-4fdb-9134-cd84e7a18687%2Fbcfneq_processed.png&w=3840&q=75)
Transcribed Image Text:AutoSave OFF A B 2. C ···
Home Insert Draw Page Layout
X
LA
P22
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
Paste
34
35
36
37
38
I
39
40
41
42
43
44
45
Arial
B
+ X ✓ fx
B
с
7
Fill in the blank cells under the headings.
8 SEE THE ASSIGNMENT IN CANVAS FOR SUBMISSION INSTRUCTIONS!!
A
4 Please find Excel basics under the mini-tutorial tab.
5
For reference, you might open the previous spreadsheet files with "ANS" in the Weeks 2. & 3. Modules.
6
Please click on FILE-Save As & save as prac1-abc.xlsx, where abc are your 3 initials.
P
I U ♥
1. Demand & Supply: Where is equilibrium?
D: P 50 -0.010,
Q₁ = (50-P)/0.01
50
47.5
29
30
31 2. Production Possibilities
32
33
45
42.5
40
37.5
35
32.5
30
27.5
25
Together
Qd
0
250
500
750
1000
For the demand & supply equations given, show whether equilibrium occurs
over the price range shown. Solve each for "Q=" & place formula under Qd & Qs.
Indicate equilibrium by BOLDING ([B] icon on toolbar) the cells.
1250
1500
1750
2000
2250
2500
R✔
D
N
0
✓12
Problems
S: P = 0.03Q,
Q, P/0.03
E
Q₂
Formulas
←
Ready Accessibility: Investigate
A A
Y
F
Data Review View
=== ✔
三三三国•
EE
G
50 -0.01
Compute the slope (as defined below) of the circle based on the N & C variables.
N² + C² = 2500
H
C slope = [change C/ change N]
none
Mini-Tutorial Changing Axes
I
+
General
3 prac1-IMK
Automate Tell me
$ % 9
Y
J
K
(NOTE: No need to fill in the blanks. This is a prompt to solve for the Q variables.)
L
Conditional Formatting ✓
Format as Table
Cell Styles v
M
N
O
P
Insert v
Delete v
Format v
O
[*480*
TV
Sort &
6 V Filter
R
S
8
Find &
Select
T
Comments
FOT
M
Analyze
Data
U
V
Q
Share
Sensitivity
W
+ 80%
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