Final Research AssignmentApplying Supply and Demand: Real World Examples For this assignment you will find two news articles (not a blog, not Wikipedia, not an opinion article, a news article) that imply (not directly describe) a change in supply, demand, or both in a real-world market. The learning objective is to understand how supply and […]
Is it possible to reach a market equilibrium if the price of orange juice PJ remains unchanged? Why? How much quantity of orange juice will finally be exchanged on the market?
Microeconomics Assignment Questions Q1 Consider the market for orange juice. In this market, the supply curve is given by QS = 100PJ −20PO and the demand curve is given by QD = 1000−150PJ +100PC, where J denotes orange juice, O denotes Orange, and C denotes coffee. Assume that PO = 10 and Pc = 8. […]