Messages
Proposals
Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.
Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support
What Is The Equilibrium Price Of Bicycles?
Submit as a Word Document.
Please answer the following questions:
Suppose we have the following market supply and demand schedules for bicycles:
Price Quantity Demanded Quantity Supplied
$100 70 30
$200 60 40
$300 50 50
$400 40 60
$500 30 70
$600 20 80
a. Plot the supply curve and the demand curve for bicycles. (Note please don’t worry about turning in the curve electronically, just plot it on paper. Doing so will help with the remaining questions.)
b. What is the equilibrium price of bicycles?
c. What is the equilibrium quantity of bicycles?
d. If the price of bicycles were $100, is there a surplus or a shortage? How many units of surplus or shortage are there? Will this cause the price to rise or fall?
e. If the price of bicycles were $400, is there a surplus or a shortage? How many units of surplus or shortage are there? Will this cause the price to rise or fall?
2. Please share 2 or 3 experiences in your life when you either benefited from the over supply (think sales and discounts) of a product or when you had to pay more for a product because it was in high demand. Please make your comments about ½ page long
A box of 14 parts contains 5 that are defective. A worker picks parts one at a time and attempts to install them. Find the probability of each outcome
(d) The worker has to pick five parts to find one that is good. (Round to four decimal places as needed.
| Writer | Writer Name | Amount | Client Comments & Rating |
|---|---|---|---|
ONLINE |
Instant Homework Helper |
$36 |
She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up! |
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
| Writer | Writer Name | Offer | Chat |
|---|---|---|---|
ONLINE |
Ideas & InnovationsAfter reading your project details, I feel myself as the best option for you to fulfill this project with 100 percent perfection. |
$18 | Chat With Writer |
ONLINE |
Smart Homework HelperThis project is my strength and I can fulfill your requirements properly within your given deadline. I always give plagiarism-free work to my clients at very competitive prices. |
$45 | Chat With Writer |
ONLINE |
Accounting & Finance MasterI have read your project description carefully and you will get plagiarism free writing according to your requirements. Thank You |
$32 | Chat With Writer |
ONLINE |
Professional Coursework HelpI find your project quite stimulating and related to my profession. I can surely contribute you with your project. |
$31 | Chat With Writer |
ONLINE |
Quick MentorI will be delighted to work on your project. As an experienced writer, I can provide you top quality, well researched, concise and error-free work within your provided deadline at very reasonable prices. |
$36 | Chat With Writer |
ONLINE |
Homework GuruI am an experienced researcher here with master education. After reading your posting, I feel, you need an expert research writer to complete your project.Thank You |
$32 | Chat With Writer |
Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.