2. Table shows a relationship between price and quantity demanded and quantity supplied for goods Quantity Supplied (units) Price (RM) Quantity Demanded (units) 10 1 8. 12 16 20 4. 4. Based on the table above, Berdasarkan jadual di atas. a) Derive the demand equation / function (Qd) for those goods. Terbitkan persamaan/ fungsi permintaan barang tersebut. b) Derive the supply equation/ function (Qs) for those goods. Terbitkan persamaan/fungsi penawaran barang tersebut c) Calculate the market equilibrium for those goods using a mathematical approach. [CLO2: C3] Kira keseimbangan pasaran barang tersebut menggunakan kaedah matematik. d) Draw the demand and supply curves for those goods in one graph and show the market equilibrium, equilibrium price and equilibrium quantity for those goods. (CLO2: C3) Lukis keluk permintaan dan penawaran bagi barang tersebut dalam satu graf dan tunjukkan keseimbangan pasaran, harga dan kuantiti keseimbangan barang tersebut. e) What would happen if the government fixed the price of those goods at RM3 and by how much? Apakah yang akan berlaku jika kerajaan meletakkan harga barang pada RM3 dan berapa banyak?

2. Table shows a relationship between price and quantity demanded and quantity supplied for goods Quantity Supplied (units) Price (RM) Quantity Demanded (units) 10 1 8. 12 16 20 4. 4. Based on the table above, Berdasarkan jadual di atas. a) Derive the demand equation / function (Qd) for those goods. Terbitkan persamaan/ fungsi permintaan barang tersebut. b) Derive the supply equation/ function (Qs) for those goods. Terbitkan persamaan/fungsi penawaran barang tersebut c) Calculate the market equilibrium for those goods using a mathematical approach. [CLO2: C3] Kira keseimbangan pasaran barang tersebut menggunakan kaedah matematik. d) Draw the demand and supply curves for those goods in one graph and show the market equilibrium, equilibrium price and equilibrium quantity for those goods. (CLO2: C3) Lukis keluk permintaan dan penawaran bagi barang tersebut dalam satu graf dan tunjukkan keseimbangan pasaran, harga dan kuantiti keseimbangan barang tersebut. e) What would happen if the government fixed the price of those goods at RM3 and by how much? Apakah yang akan berlaku jika kerajaan meletakkan harga barang pada RM3 dan berapa banyak?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

2. Ν Answer: 3. 3000 8000 6000 9000 Α Α Α Α 111 12,000 A Α Α Α 1 Solve for EUAW (A) i = 12% Solve for A i = 15%
sation NQF Level 4 monstrate knowledge and application of ethical conduct in a business environment Activity 17.5 In your groups work through the following case studies: Case Study 1: Employee Absence By Stephen Adams Graphics and Commercial Art Joan, an employee of Great American Market, was warned about her excessive absenteeism several times, both verbally and in writing. The written warning included notice that "further violations will result in disciplinary actions," including suspension or discharge. A short time after the written warning was issued, Joan called work to say she was not going to be in because her babysitter had called in sick and she had to stay home and care for her young child. Joan's supervisor, Sylvia, told her that she had already exceeded the allowed number of absences and warned that if she did not report to work, she could be suspended. When Joan did not report for her shift, Sylvia suspended her for fifteen days. In a subsequent hearing, Joan argued that…
(c) Obviously, something is wrong. Can you explain what it is? (Hint: Think of basis, or reference. For example, if you had an investment that appreciated 100% in value one day, and you lost 100% of your investment the next, would you still have any money left?)
Write down the name of the sections of the report. (a) What questions are answered in each section? Write one specific question and one general question for each section.
How a sales tax is divided between buyers and sellers is determined by the government's choice of whom to tax :choose one true O Error O Sce
! (asap)
E2
In terms of total number of businesses by form of ownership, corporations are more common than sole proprietorships. ( a) True ( b) False
Governments often require people to obtain insurance; for example, all drivers are required to carry auto insurance to cover damages to others in the event of a crash. Homeowners are often required by banks to carry insurance on their home. (a) Why do these requirements exist? (b) Would they be necessary if people truly recognized the risk they faced? (c) One characteristic of an overconfident person is that she is continually surprised when what she thought was unlikely or
Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
Whichofthefollowingstatementsis(are)correct? (x) A payroll tax is a tax on the wages that a firm pays its workers and in the United States the payroll tax is also referred to as a social insurance tax. (y) The payroll tax differs from the individual income tax in the U.S. because the payroll tax is primarily earmarked to pay for Social Security and Medicare. (z) Taxes on specific goods such as cigarettes, gasoline, alcoholic beverages and tires are called excise taxes. (x), (y) and (z) (x) and (y) only (x) and (z) only (y) and (z) only (x) only