King Logan
09/14/2024 · High School
Question \#1: An economist has estimated that the demand curve and supply curve for bonds can be estimated using the following equations: Demand: \( P=-0.4 Q+940 ; \) Supply: \( P=Q+380 \) A. What is the equilibrium price and quantity of bonds in this market? B. At \( P=\$ 800 \), is there be a shortage or surplus? By how much? C. Suppose that the government impose a tax on the bond market that leads to decrease supply by 70 units at each price level, what is the new equilibrium price and quantity?
UpStudy ThothAI Solution
Tutor-Verified Answer
Quick Answer
**أ.** سعر التوازن هو 780 وكمية التوازن هي 400.
**ب.** عند 800، هناك فائض قدره 70 وحدة.
**ج.** سعر التوازن الجديد هو 760 وكمية التوازن الجديدة هي 450.
Step-by-step Solution
Answered by UpStudy AI and reviewed by a Professional Tutor
UpStudy ThothAI
Self-Developed and Ever-Improving
Thoth AI product is constantly being upgraded and optimized.
Covers All Major Subjects
Capable of handling homework in math, chemistry, biology, physics, and more.
Instant and Accurate
Provides immediate and precise solutions and guidance.
Try Now
Ask Tutors
Ask AI
10x
Fastest way to Get Answers & Solutions
By text
Enter your question here…
By image
Re-Upload
Submit