Economics
5th Edition
ISBN: 9781319066604
Author: Paul Krugman, Robin Wells
Publisher: Worth Publishers
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Chapter 25, Problem 3BCQ
To determine
The effects of Grameen Bank’s lending on a community.
Concept Introduction:
Grameen Bank: It is a bank with the main function to provide loans to the poor people without any legal obligations and collateral security. Grameen banks make five member groups where one person approves another person’s loan and helps in the accessibility of loans. It also takes responsibility of a borrower if one gets into any difficulty.
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If 17 Ps are needed and no on-hand inventory exists fot any of thr items, how many Cs will be needed?
Exercise 5Consider the demand and supply functions for the notebooks market.QD=10,000−100pQS=900pa. Make a table with the corresponding supply and demand schedule.b. Draw the corresponding graph.c. Is it possible to find the price and quantity of equilibrium with the graph method? d. Find the price and quantity of equilibrium by solving the system of equations.
1. Consider the market supply curve which passes through the intercept and from which the marketequilibrium data is known, this is, the price and quantity of equilibrium PE=50 and QE=2000.a. Considering those two points, find the equation of the supply. b. Draw a graph for this equation.
2. Considering the previous supply line, determine if the following demand function corresponds to themarket demand equilibrium stated above. QD=.3000-2p.
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