Principles of macro economics

  Provide and Demand Ideas You might have been employed by a brand new agency promoting digital canine feeders. Your shopper has requested you to assemble some information on the provision and demand for the feeder, which is given under, and tackle a number of questions concerning the provision and demand for these feeders. Worth per Feeder Amount Demanded Amount Equipped $300 500 1800 270 600 1700 240 700 1600 210 800 1500 180 1000 1400 150 1100 1300 120 1200 1200 80 1300 1100 60 1400 1000 30 1500 900 10 1600 800 Your shopper has requested that you just develop a report addressing the next questions so as to current these findings to their Board of Administrators: Questions: Assemble a graph displaying provide and demand within the digital canine feeder market, utilizing Microsoft Excel. How are the legal guidelines of provide and demand illustrated on this graph? Clarify your solutions. What's the equilibrium worth and amount on this market? Assume that the federal government imposes a worth ground of $180 within the feeder market. What would occur on this market? Assume that the worth ground is eliminated and a worth ceiling is imposed at $90. What would occur on this market? Now, assume that the worth of feeders drops by 50%. How would this variation affect the demand for feeders? Clarify your reply and reconstruct the graph developed in query one to point out this variation. Assume that incomes of the shoppers on this market will increase. What would occur on this market? Clarify your reply and reconstruct the graph developed in query one to point out this variation. Assume that the variety of sellers decreases on this market. What would occur on this market? Clarify your reply and reconstruct the graph developed in query one to point out this variation. Clarify the distinction between a standard good and an inferior good. Would your solutions to query 7 change relying on whether or not this good is a standard or inferior good? Why? Submission Particulars: Develop your evaluation in Microsoft Excel format. Enter non-numerical responses in the identical worksheet utilizing textboxes.
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