Are you Looking for ECO401 Assignment 1 Solution Fall 2021? Then you have landed at the right page because ConceptsBuilder decided to offer you best of the best information. If you follow the below given data, you just need to do minor changes to avoid the copy right issue.
Table of Contents
How to Avoid Copy Right Issue in ECO401 Assignment 1 Solution Fall 2021?
To avoid copy right in ECO401 Assignment 1 Solution Fall 2021 you just need to use some english phrases and words in the assignment. Like,
- As you know that
- Foe instances etc.
Calculate the equilibrium price and equilibrium quantity of renewable energy resources?
Qd = 20,000 – 3P ———–(I)
Qs = 15,000 + 2P ———–(II)
Qd = Qs
20,000 – 3P = 15,000 +2P
20,000 – 15,000 = 2P +3P
5,000 = 5P
5,000 / 5 = 5P/5
1000 = P
P = 1000
Putting the value of price in any of Qd or Qs equation for finding “Equilibrium Quantity”
In this solution file I have put value of price in both Qd and Qs equations. So you have to choose any of one equation.
Qd = 20,000 – 3(1000)
Qd = 20,000 – 3,000
Qd = 17,000
Qs = 15,000 + 2(1000)
Qs = 15,000 + 2000
Qs = 17,000
The equilibrium price “P” is Rs.1000 & equilibrium quantity is Rs. 17,000
Calculate price elasticity of supply using point elasticity method when renewable energy sector is in equilibrium. Also, interpret the result.
Qs = 15,000 +2P
d/dP (Q) = d/dP (15,000 + 2P)
dQ/dP= d/dP(15,000) + d/dP (2P)
As we know that,
PЄs=Percentagechange inQuantitySupplied/Percentage change inPrice PЄs = dQ/dP x P/Q
PЄs= 2 x 1000/17,000
PЄs= 2000 x 17,000
PЄs = 0.11 0r 11% So this is Inelastic.
What will happen to the equilibrium quantity and equilibrium price of renewable energy resources if energy sector improves the technology? (Graph is not required)
There are two situation that we must have to consider one is equilibrium price with improvement of technology and other is equilibrium quantity.
If energy sector improves the technology, then, equilibrium quantity will increase and equilibrium price will decrease. As well as effect on supply will increase and it shift Rightward in direction of shift in supply curve.
Generating electricity using renewable energy technologies is more costly than other. be as great if cost increases also improved the competitiveness of energy is also a factor that is affecting these conditions.
StSTA630 Research Methods GDB Solution 2021 The Premise or Hypothesis There are two schools of thought, one favoring applied research and the other basic research. Applied And basic researchers are known for their…CONCEPTS
Introduction to Sociology SOC101 Solved Assignment No 1 2021
17 Best Ways for Students to Make Money while Studying in 2022