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
- Freight and Supply Chain Management Research Paper, SU, Malaysia According to Ziesemer, Thomas (1995) in his study about the growth with imported capital goods
- Critical Thinking Communication Assignment, UMS, Malaysia The authors sought to understand the types of parent involvement that teachers, parents, and students believe affect
- TAX467: Statutory Business Income of Sinar Indah Shop for the year assessment 2023: Taxation Assignment, UiTM, Malaysia
- LAW034: Introduction to Legal Theories Assignment, UiTM, Malaysia You are the renowned constitutional law expert in the country and have a column in a local daily
- HUMAN CAPITAL MANAGEMENT Case Study, MSU, Malaysia Working Arrangements and Leadership, Post COVID-19 The COVID-19 pandemic disrupted global labor markets in 2020
- Unit 2 Assignment – Finance For Business V01.09.2024
- Positioning a brand effectively depends on aspects including the industry: Marketing Management, Essay, OUM, Malaysia
- Select a company, either online or offline, that empowers its customers to personalize products or services: Consumer Behavior Assignment, MU, Malaysia
- Treasure Management Essay, TARC, Malaysia Due to the multiplicity and complexity of non-financial and financial risks, as well as uncertainties to a bank
- Strategic Corporate Finance Assignment, HWU, Malaysia An investment business situated in Malaysia has just hired you to be a financial analyst on their investment team
