Suppose that the supply and demand curves are given by QD = 2000 - 2P; QS = 2P.
ID: 2506976 • Letter: S
Question
Suppose that the supply and demand curves are given by QD = 2000 - 2P; QS = 2P. The equilibrium price and quantity are: Select one: a. Q = 100 and P = 100 b. Q = 1000 and P = 100 c. Q = 1000 and P = 500 d. Q = 200 and P = 500 e. Q = 2000 and P = 100A fall in the price of pesticide use in the production of Cotton, will Select one: a. decrease the supply of Cotton, causing the supply of curve of Cotton to shift to the left b. increase the supply of Cotton, causing the supply curve of Cotton to shift to the left c. cause a downward movement along the supply curve of Cotton d. have no effect on the supply of Cotton e. none of the above Suppose that the supply and demand curves are given by QD = 2000 - 2P; QS = 2P. The equilibrium price and quantity are: Suppose that the supply and demand curves are given by QD = 2000 - 2P; QS = 2P. The equilibrium price and quantity are: Select one: a. Q = 100 and P = 100 b. Q = 1000 and P = 100 c. Q = 1000 and P = 500 d. Q = 200 and P = 500 e. Q = 2000 and P = 100
Select one: a. Q = 100 and P = 100 b. Q = 1000 and P = 100 c. Q = 1000 and P = 500 d. Q = 200 and P = 500 e. Q = 2000 and P = 100
a. Q = 100 and P = 100 b. Q = 1000 and P = 100 c. Q = 1000 and P = 500 d. Q = 200 and P = 500 e. Q = 2000 and P = 100
A fall in the price of pesticide use in the production of Cotton, will A fall in the price of pesticide use in the production of Cotton, will Select one: a. decrease the supply of Cotton, causing the supply of curve of Cotton to shift to the left b. increase the supply of Cotton, causing the supply curve of Cotton to shift to the left c. cause a downward movement along the supply curve of Cotton d. have no effect on the supply of Cotton e. none of the above Select one: a. decrease the supply of Cotton, causing the supply of curve of Cotton to shift to the left b. increase the supply of Cotton, causing the supply curve of Cotton to shift to the left c. cause a downward movement along the supply curve of Cotton d. have no effect on the supply of Cotton e. none of the above a. decrease the supply of Cotton, causing the supply of curve of Cotton to shift to the left b. increase the supply of Cotton, causing the supply curve of Cotton to shift to the left c. cause a downward movement along the supply curve of Cotton d. have no effect on the supply of Cotton e. none of the above
Explanation / Answer
At Equillibrium :
QD = QS
2000 - 2P = 2P
2000 = 4P
P = 2000/4 = 500
2P = QS = 500*2 = 1000
so
Q = 1000 and P=500
c. cause a downward movement along the supply curve of Cotton
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