Our Services

Get 15% Discount on your First Order

Hide Assignment InformationInstructions Supply and Demand Concepts You have been

November 21, 2022

Hide Assignment InformationInstructions

Supply and Demand Concepts

You have been hired by a new firm selling electronic dog feeders. Your client has asked you to gather some data on the supply and demand for the feeder, which is given below, and address several questions regarding the supply and demand for these feeders.

Price per Feeder

Quantity Demanded

Quantity Supplied

$300

500

1800

270

600

1700

240

700

1600

210

800

1500

180

1000

1400

150

1100

1300

120

1200

1300

1100

1400

1000

1500

900

1600

800

Your client has asked that you develop a report addressing the following questions so that you can present these findings to their Board of Directors:

Questions:

Construct a graph showing supply and demand in the electronic dog feeder market, using Microsoft Excel.
How are the laws of supply and demand illustrated in this graph? Explain your answers.
What is the equilibrium price and quantity in this market?
Assume that the government imposes a price floor of $180 in the feeder market. What would happen in this market?
Assume that the price floor is removed and a price ceiling is imposed at $90. What would happen in this market?
Now, assume that the price of feeders drops by 50%. How would this change impact the demand for feeders? Explain your answer and reconstruct the graph developed in question one to show this change.
Assume that incomes of the consumers in this market increases. What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show this change.
Assume that the number of sellers decreases in this market. What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show this change.
Explain the difference between a normal good and an inferior good. Would your answers to question 7 change depending on whether this good is a normal or inferior good? Why?

Submission Details:

Develop your analysis in Microsoft Excel format. Enter non-numerical responses in the same worksheet using textboxes.

Share This Post

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

Your job is to 1. Discuss an environmental problem using

Your job is to 1. Discuss an environmental problem using current scientific facts (adapted from your draft in Term Paper Assignment 3). 2. Discuss the major tenets of a Christian environmental ethic (Adapted from your draft in Term Paper Assignment 2). 3. Formulate and articulate your own environmental ethic.

Deliverable Length: Word document of 1,000 words; may include some

Deliverable Length: Word document of 1,000 words; may include some calculations embedded from Excel Assignment: Develop a company and determine what it will produce and sell. The requirement for this company is that it be a high-end, special-order type of manufactured product. Complete the following in a Word document of

Case study 1 BREITT, STARR & DIAMOND LLC Josh Breitt,

Case study 1 BREITT, STARR & DIAMOND LLC Josh Breitt, Rachel Starr, and Justin Diamond started an advertising agency to serve the needs of small businesses selling in and around their metropolitan area. Breitt contributed clever ideas and a talent for writing scripts and wooing clients. Starr brought a

Option 2: Yahoo! Finance (Links to an external site.)webpage 10-12

For this assignment, you may also wish to upload your work to your ePortfolio in addition to Waypoint so that, once you graduate, it can also be used to demonstrate your skills and competencies to potential employers and the professional community. Learn more about Folio, UAGC’s ePortfolio tool, by viewing

Chapter 1 Assignment Requirements: 1. Complete the assessment 2. Name

Chapter 1 Assignment Requirements: 1. Complete the assessment 2. Name completed file: Ch1_FirstNameLastName 3. Attach the completed file 4. Review the Assignment Video for further instructions on how to complete the assessment. Final grades are dependent upon student effort and overall assignment completion. Solutions will be released on Monday

Discuss about obesity because Canadian static says that 50% of

Assignment outline Introduction: (3 marks) a) What course topic are you focusing on and why is this to Talk about obesity because Canadian static says that 50% of Canadians are facing obisity b) Purpose statement 1/3 (model your purpose statement after the ones in your articles and the APA manual)

TOPIC: Maternal mental health in pregnancy and child Nursing Assignment Help

TOPIC: Maternal mental health in pregnancy and child behavior. Find 3 professional journal articles on your topic of

In order to influence policy, you have to understand how

In order to influence policy, you have to understand how a bill is started, moves through the legislative system, and finally enacted. In this assignment, you will trace a piece of legislation from introduction to how it impacts health care or nursing practice. Develop the assignment as if it

Consider the following information: Suppose fixed costs for a firm

Consider the following information: Suppose fixed costs for a firm in the automobile industry (start-up costs of factories, capital equipment, and so on) are $5 billion and that variable costs are equal to $17,000 per finished automobile. Because of competitive forces in the market, the market price falls as

One of the significant challenges for Medicare and Medicaid is

One of the significant challenges for Medicare and Medicaid is not necessarily the implementation of the program but the influence of the political climate in regard to both the financial support and control of the programs. For this assignment, choose two articles from the list below: Aaron, H. J., &

*1 paragraph per question What is the nurse’s primary responsibility for patient advocacy in this situation during and after the incident? How should

*1 paragraph per question What is the nurse’s primary responsibility for patient advocacy in this situation during and after the incident? How should the nurse have advocated for the patient and family when the patient’s status changed that Wednesday night? How should the nurse have advocated for the patient and family when the daughter

Primary Diagnosis : _Acute Bronchitis (as specified by instructor) COMPLETE

Primary Diagnosis : ___Acute Bronchitis__ (as specified by instructor) COMPLETE PATHOPHYSIOLOGY: explanation of the pathophysiology of the problem, describing the disease at the cellular level. QSEN: Evidence Based Practice, Informatics, Client Centered Care. SLO: 1, 2, 4 (3-5 sentences in paragraph format, **we count sentences**) Potential Nursing Diagnosis (1

1. Pick an informational text to evaluate. You can look

1. Pick an informational text to evaluate. You can look online or in a library. In the space below, write information about the text that will help your teacher find it later 2. Objectively summarize the informational text you chose for question 1. Describe both the content and the structure

Prior to beginning work on this discussion, read A Dollar

Prior to beginning work on this discussion, read A Dollar Store’s Rich Allure in India: A U.S. Franchise’s Success Shows How “Made in America” Sells; Lessons for Wal-Mart’s Entry? (Links to an external site.), Walmart: What happened in India? (Links to an external site.), and Walmart expands again in India—but still not

Constitutional Issues and the Scope and Character of U.S. Government

Week 5 – Final Research Paper Constitutional Issues and the Scope and Character of U.S. Government the Final Research Paper, you will use your critical thinking skills to analyze and evaluate a current events topic that has constitutional and political implications. Select one topic from the following list of three

By Day 5 Respond to at least two colleagues by

By Day 5 Respond to at least two colleagues by offering critiques of their analyses. Identify strengths in their analyses and strategies for presenting evaluation results to others. Identify ways your colleagues might improve their presentations. Identify potential needs or questions of the audience that they may not have considered.

PMBOK

Your company is ready to overhaul its project management practices. Top management is convinced that it will benefit from adopting PMI standards in organizing and managing its projects. Create a 1-2 page report on the following: An overview of the concept of knowledge areas. Prepare a detailed outline of the

Research the costs associated with the following items when implemented

Research the costs associated with the following items when implemented by a firm with 1,000 employees and 100 servers (since you would research only one resource for each of these in real life, you will need to obtain three (3) costs for each item): 1. Managed antivirus software (not open