Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

The domestic demand for almonds is QD = 20,000,000 - 500,000p. The domestic supply is QS = -2,000,000 + 600,000p, where quantity is in crates per year and p = price per crate. The world price is $15 per crate. Suppose that the country initially has no restrictions on trade and then imposes an import quota of 3,000,000 crates per year. How will this affect the price and the quantity imported? What are the welfare effects?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M970071

Have any Question?


Related Questions in Microeconomics

Question suppose that there are two industries one

Question: Suppose that there are two industries, one producing X and the other producing Y, which each use both capital K and labor L in the production process. The marginal rate of technical substitution in the Y indust ...

Question for this scholarly activity develop a supporting

Question: For this scholarly activity, develop a supporting human resource (HR) plan for an organizational strategy. Research a company that has undergone (or attempted to undergo) a shift in organization or culture with ...

Question these are two essay questions please select one

Question: These are two essay questions. Please select one of the two questions. Note, that question #1 has multiple parts; if you select that question, you must answer all parts of the question. Question #2 has two main ...

Question what were the principal factors that caused the

Question: What were the principal factors that caused the ratio of the purchase of producers' durable equipment to GDP to rise so much during the 1990s? Why was this pattern suddenly reversed in 2001? The response must b ...

Question answer these three questions about early-stage

Question: Answer these three questions about early-stage corporate finance: a. Why do very small companies tend to raise money from private investors instead of through an IPO? b. Why do small, young companies often pref ...

Question which entities in the federal reserve system

Question: Which entities in the Federal Reserve System control the discount rate? Reserve requirements? Open market operation? In what ways can the regional Federal Reserve Banks influence the conduct of monetary policy? ...

Question becky and sarah are sisters who share a room their

Question: Becky and Sarah are sisters who share a room. Their room can easily get messy, and their parents are always telling them to clean it up. Here are the costs and benefits to both Becky and Sarah, of taking the ti ...

Question discuss the likely effect of each of the following

Question: Discuss the likely effect of each of the following on the unemployment rate: a. The length of time workers are eligible to receive unemployment insurance payments doubles. b. The minimum wage is abolished. c. M ...

Question - market demand - in gas pump south dakota every

Question - Market Demand - In Gas Pump, South Dakota, every Buick owner's demand for gasoline is 20 - 5p for p less than or equal to 4 and 0 for p > 4. Every Dodge owner's demand is 15 - 3p for p less than or equal to 5 ...

Question dp inc is a us based firm that sells farm

Question: DP, Inc. is a U.S. based firm that sells farm equipment and faces demand given by P = 4,000 - Q, where P denotes price in dollars and Q is quantity of units sold per month. In its East coast factory, the firm's ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved