Economics Assignment, HU, Malaysia The quantity demanded and quantity supplied for good A and good B by the citizens of a country XYZ at different prices
| University | HELP University (HU) |
| Subject | Economics |
QUESTION 1
The following table shows the quantity demanded and quantity supplied for good A and good B by the citizens of a country XYZ at different prices.
a) Draw the demand and supply curves for good A using graph paper. What are the equilibrium price and quantity?
b) Assumed that the government has imposed a tax on Good X, therefore the quantity supplied has been reduced by 50 units at each price level. Draw a new supply curve on the diagram above. What are the new equilibrium price and quantity?
QUESTION 2
Based on the table below, Answer the following question:
c) Draw the demand and supply curves for good X using graph paper. What are the equilibrium price and quantity?
d) Assumed that the government has given subsidies on Good X, therefore the quantity supplied has increased by 40 units at each price level. Draw a new supply curve on the diagram above. What are the new equilibrium price and quantity?
QUESTION 3
Based on the table below, Answer the following question:
a) Draw the demand and supply curves for good X using graph paper. What are the equilibrium price and quantity?
b) Assumed that the government has imposed a tax on Good X by RM50. Draw a new supply curve on the diagram above. What are the new equilibrium price and quantity?
Get Help By Expert
Do you need assignment help in Malaysia? At assignmenthelper.my, we provide the assignment writing help in Malaysia for students studying economics. Whether you need help with your homework, essay writing, or online exam help, our team of experts can assist you. Our assignment helpers can provide step-by-step guidance for completing assignments and projects related to microeconomics, macroeconomics, econometrics, and other economics topics. So, if you are stuck or struggling with an economics assignment, then get in touch with us to get expert guidance and support.
Recent Solved Questions
- Research and analyze one rape case, one murder case, and one domestic violence case in Malaysia: Psychology Assignment, UNM, Malaysia
- CCS20903: Client Server Computing Assignment, MSU, Malaysia Create a complete web application using Java Servlet and Java Server Pages technologies. Create a Java web application
- Computer Programming Assignment, APU, Malaysia Write a C function named CalDeposit() that calculates the amount of deposit money that needs to be prepared by the home buyer
- BAMS1743: Jan-2024- Indicate whether this variable is a quantitative discrete, quantitative continuous, or qualitative variable: Quantitative Methods, Assignment , TAR UMT, Malaysia
- Implement (code) any of the searching and sorting algorithms: Data Structures & Algorithms, Assignment, MUST, Malaysia
- Identify solutions for Domino’s to prevent similar incidents in the future with relevant examples and concepts: Corporate Communication Assignment, Malaysia
- Human Computer Interaction Assignment, UU, Malaysia In order to use external knowledge sources for innovation activities in organizations, recently crowdsourcing platforms
- You are required to identify and critically analyze ethical dilemmas faced by media professionals: Media Law and Ethics Assignment, UUM, Malaysia
- BHMC3004: Statistical Analysis for Communication Assignment, UOG, Malaysia Briefly explain how this could be done
- Design Thinking Case Study, TU, Malaysia Trendy Thread is a medium-sized, growing retail company. It was founded five years ago by a group of fashion enthusiasts
