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I shall try to answer the economics question and / or point to other resources but please bear in mind.
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- My speciality is economics for British A Level standard. My university economics is rusty in parts, because generally I don’t use it in teaching A level economics.
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I studied PPE at Lady Margaret Hall college, Oxford University, and currently work as an Economics A Level teacher. I have also examined several different economic units for Edexcel AS and A2.
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About The Author
EFFECT OF UNEXPECTED INCREASE IN CONSUMER EXPENDITURE ON GNP with a goverment sector using both keynesian cross and 45 degree diagrams
1) What determines the world price of grain?
2) How does the EU agricultural policy influence the world market price on grain?
3) What will happen to the price of grain if the EU removes all subsidies on the grain area?
4) If all support in the world was removed from the grain market would there then be perfect competition on this market?
I have two questions I really need help on:
1. Why might the public ignore future tax liabilities when making spending decisions?
2. How can a smaller government fiscal deficit cause a larger international trade surplus?
I need structural guidance on these two questions. Your help will be greatly appreciated. Thanks.
Suppose that the supply and demand equations for widgets are given by the following:
Qd = 150-7p
Qs = -30+2p
At the market equilibrium price and quantity, what is the elasticity of demand?
I did -7(20/10) the coefficient before price multiplied by price of quantity
Suppose that the supply and demand equations for widgets are given by the following:
Qd = 150-7p
Qs = -30+2p
At the market equilibrium price and quantity, what is the producer surplus?
Suppose that the individual demand curve for football tickets is given by:
Qd = 6 – P/20
and the price of football tickets is $40.
What is the consumer surplus of the individual with this demand curve facing this price per ticket.
10 points Save
Suppose that the individual demand curve for football tickets is given by:
Qd = 6 – P/20
and the price of football tickets is $40.
Suppose that if you want to buy ANY game tickets, you are forced to buy all 6 tickets at $40 each. What is the consumer surplus of the individual?
Thankyou for reading and have a great day
could you please give me the likely effects of an increase level of interest rate on a commercial bank.
Hi there i just wondered if there was any chance you will be able to answer the following question.
Explain the effects of an unexpected increase in Consumers’ Expenditure on GNP in an open economy with a government sector, using both Keynesian cross and 45 degree diagrams. (60 Marks)
Then explain the effect of the GNP change on
(i) the budget balance (20 Marks)
(ii) the trade balance (20 Marks)
In the answer i am meant to explain the process by which the economy moves to a new equilibrium, including the multiplier and use diagrams wherever possible and explain them fully. Aslo to explain some key macroeconomic mechanisms. Use diagrams based on the simple Keynesian model.
Thank you for your time and help.