Category: Micro Economics

1. Explain why relaxing mortgage lending standards (required by federal regulating agencies,
Freddy Mac & Fanny May) resulted in Wall Street investment firms bundling thousands of
individual mortgage loans into larger packages, to re-sell instead of holding them as long term
assets.
2. Explain what happened to large investment firms that were bundling mortgage loans into
larger
packages, when the rising default rates of the mortgages in these bundles became noticeable to
Wall Street investors.
3. (True/False) Large Wall Street investment firms bundled risky mortgages into large packages
for re-selling, because they liked the challenge of turning risky decisions into large profits instead
of a massive default.
4. (True/False) The bankruptcy of Wall Street investment firms in July 2008 would not have
happened if traditional mortgage lending standards had not been relaxed in the mid 1990s.
5. (True/False) The incentive for companies in an industry to develop better products and
services over time – will be improved if their industry is regulated by a federal agency.

https://drive.google.com/file/d/1nifsCeZVggQ3KuJ-P…
https://drive.google.com/file/d/1wAKd2hecEqfGDU-_i…
https://drive.google.com/file/d/1vR_B-G1-x2CqaVcpb…
https://drive.google.com/file/d/1WGgqCLPu7WVMnFfj1…
Please answer each question to the best of your ability
Question 1 (6 pts)
I ask a few “big-picture” questions early on during the chapter 1 Part 1 lecture video (from the time stamp of around 1 minute to around 2 minutes). Select one of those questions and answer it here, in 1 or 2 sentences.
Question 2 (7 pts)
In the chapter 1 Part 3 lecture video, I discuss 2 examples using the circular flow model. Suppose in the second example, your friend goes to the same gas station but purchases a vehicle inspection service instead. Would this new interaction take place in the inner circle or the outer circle of the circular flow model?
Question 3 (9 pts)
In your own words, write a brief 1 or 2 sentence summary of the chapter 1 lecture videos for our course.

Your participation in this discussion demonstrates the following learning objectives.
Explain how and why the study of economics concerns various decisions making processes which have consequences, costs, and benefits.
Analyze the efficiency of the market mechanism as a way to organize economic activity while demonstrating that there is often an important policy trade-off between efficiency and equity.
Apply economic reasoning to determine solutions to a wide range of public policy issues: including solutions of acceptable amount of pollution, why government must supply some goods, and wealth redistribution.
.
Discussion Prompt
Please create a discussion post responding in full to the prompt that follows.
According to our textbook, the U.S. economy operates as as a “mixed economy” that is closer to the market-oriented end of the spectrum. That means private enterprises own and operate much of the means of production in the United States, but there is some U.S. government involvement in economic decisions.
Pick a country other than the United States, and contrast the U.S. economy with the economy of your chosen country.First, what is your chosen country?
Which economy is more market-oriented, and which is more command-oriented?
Which country’s economic decision makers are subject to greater regulation?
Do you believe geography or globalization play a role in the differences or similarities between the two economies?
Finally, consider a normative analysis of the two economies you just compared.Do you believe that the U.S. economy should be more like the other country’s economy?
Alternatively, should the other country adapt its economy to be more like the U.S. economy?
Do you think the U.S. economy is the “best” (whatever that means to you) economy in the world?
Explain the reasoning for your beliefs on this topic.

Please draw the illustrations in questions that are asked, I will provide the book as well to help out with the questions.
Question1 – chapter 20
Question 2 – chapter 20
Question 3 – chapter 21

Assume that this graph is a model used in a perfectly competitive market. Graph attached below Explain what a perfectly competitive market means in economic terms. (5 pts) (SLO’s #1 & 3)
Assuming this graph plots supply and demand for a specific product, identify line L1 and line L3. (10 pts – SLO # 1)
Lines L1 and L3 intersect at point ‘a’ (ignore point ‘b’ for now).What term is used to describe point ‘a’. (5 pts) (SLO #1)
Explain in detail what this term means.(5 pts) (SLO #1 & 3)
In analyzing this graph for L1 and L3, explain what would occur if a supplier attempted to sell this product for $20. (5 pts) (SLO’s 1, 2, 3)
Assume that line L1 shifts outward and to the right to line L2. Identify and explain two different occurrences which would cause this shift. (5 pts) (SLO’s 1 & 3)
This shift from L1 to L2 shows L2 intersecting L3 at a new point: point ‘b’. Explain what has occurred in terms of quantity supplied and the new price, i.e. why have both quantity and price changed as illustrated at point ‘b’? (10 pts) (SLO’s 1,2,3)
If this graph represented supply and demand analysis for a product you were selling, explain how you would use this model to predict consumer behavior (you may use varying quantity/price relationships to support your explanation). (25 pts) (SLO’s 2 & 3)
Student Learning Outcomes: 1. Demonstrate understanding of classic microeconomic principles and concepts (such as supply and demand, competition and monopoly, and profit maximization) in quizzes, tables, graphs, and analytical essay responses. 2. Utilize tools and theories to explain consumer behavior. 3. CriterionAccomplished
14-17
Very Good
12-13
Competent
11
Developing
10 or below
Interpretation of Graphical Model Identifies all portions of a supply and demand graph including a clear and accurate explanation of ‘market equilibrium’ as it applies to supply and demand theory in a perfectly competitive market.Mostly clearly and accurately identifies all portions of a supply and demand graph including a clear and accurate explanation of ‘market equilibrium’ as it applies to supply and demand theory in a perfectly competitive market.Identifies most portions of a supply and demand graph with one to two major errors and/or a clear but not wholly accurate explanation of ‘market equilibrium’ as it applies to supply and demand theory in a perfectly competitive market. Fails to adequately identify and explain most portions of the supply and demand graph as well as the inability to explain clearly the concept of ‘market equilibrium’ as it applies to supply and demand theory in a perfectly competitive market.
Application of Graphical Model to Project Consumer BehaviorClearly and accurately explains consumer behavior in a perfectly competitive market by analyzing a graphical model of ‘supply’, ‘demand’, and ‘equilibrium market price’.Mostly an accurate explanation of consumer behavior in a perfectly competitive market by analyzing a graphical model of ‘supply’, ‘demand’, and ‘equilibrium market price’ with minor errors in clarity. Explains consumer behavior in a perfectly competitive market by analyzing a graphical model of ‘supply’, ‘demand’, and ‘equilibrium market price with lapses in both accuracy and clarity.’ Fails to clearly and accurately explain consumer behavior in a perfectly competitive market by analyzing a graphical model of ‘supply’, ‘demand’, and ‘equilibrium market price Written Articulation of Concepts Presented in Graphical Model Responses are logically organized, clear, and concise with only minor errors in mechanics (grammar, spelling, punctuation). All responses are mostly logically organized, fairly clear and concise with fairly good use of writing mechanics. Responses lack some organizational skills and contain several errors in writing mechanics. Inaccurate, incomplete, and/or unclear organizational skills containing numerous errors in mechanics. TOTAL SCORE (POSSIBLE 70 PTS)_______________________________

Requirements
Part 1, around (1500) words: Due week 7, on 14/03/2024.(Refer to the Textbook Chapters 2, 3, 4, 5,&6 and apply the following in the context of your company)
1. Investigate the micro-environment aspart of the situation analysis for your company.
a. Competitors analysis
b. Suppliers and/or Digital Marketing intermediaries.
c. Customers’ persona.
2. Summaries the macro-environment variable your company needs to monitor when operating the digital marketing campaign. (two or three variables for each force are sufficient)
a. Technological forces.
b. Legal forces.
c. Economic forces.
d. Political forces.
e. Social forces.

Hi, Below I will be attaching my writing piece. I will attach the rough draft before edits and the rough draft with some edits but please go in and make it better regarding the prompt and the peer review feedback (3 people peer reviewed mine). I will include the rubric, other information needed, and the peer review comments. Please make a final writing assignment of what the prompt and revisions are asking for ready to be turned in. SOME FEEDBACK:
– define (non)binding, price floor
– relationship between automation & labor?
– how does the new minimum wage affect the curves in the automation, labor, and final goods markets? make sure to mention this both for the new minimum wage and the ban sections
– welfare analysis for both sections
– paraphrase w/ in-text citations
Here’s where your paper stands on the rubric: – Concepts & Accuracy: Missing – Linking Concepts: Missing – Conciseness: Meets – Interpreting Sources: Meets – Analysis of Case Study: Meets/Missing – Response Alignment with Audience: Meets
Below is the entire writing assignment description:
Writing Assignment 2: Government Intervention
THE SITUATION
In San Francisco, the fear of losing jobs to automation after an increase to the minimum wage has motivated two similar policy proposals aimed at discouraging or banning automation. As a student of economics and someone who will soon enter the job market, you find this issue interesting and relevant. [For simplicity, assume these policies are only occurring in or are only proposed for the San Francisco area. Also assume the ban is for automation in general, not just delivery robots.]
THE PROMPT
Write a letter to the San Francisco Board of Supervisors regarding the two policy proposals under consideration: a tax on automation (Ms. Kim’s proposal) or a ban on automation (Mr. Yee’s proposal). Your letter should:
Briefly explain the economic impact of a minimum wage increase (moving from nonbinding to binding) in the labor market, and its extended effect on the automation market as well as the market for a good which may be produced using labor, automation or some combination of the two;
Identify one of the two proposed policies and construct an argument, based in the economics you’ve learned in class, for why you oppose the policy.You, personally, may oppose both policy proposals, but your paper should focus on only one policy, given the word count limit.
Your argument of opposition should not be based in your support for the other proposed policy.
While your letter is a normative economic assessment, majority of the letter should consist of positive economic analysis. [While you may have strong opinions on this subject based in moral or ethical reasoning, the purpose of this assignment is to see your ability to use the economic tools you’ve learned to analyze the situation.]
Explain the economic impact of this policy proposal on these same markets, highlighting the economic reasoning for opposing the policy;
Start your analysis assuming the minimum wage increase already occurred.
Be persuasive.
Items to keep in mind:
The Board of Supervisors likely has some knowledge of economics. Your explanations may assume prior general knowledge consistent with our coverage of Supply, Demand, Consumer Surplus, Producer Surplus, and Efficiency (Chapters 3, and 4). The supervisors understand the definitions of these terms, but not necessarily how they interact specifically to this problem. For example, the Board of Supervisors do not immediately understand how a price change in the labor market affects related markets.
The provided article must be cited. External references are not required but also must be cited, if used. Either APA format or MLA format are acceptable.
Since you are writing to the Board of Supervisors, you should take care to carefully edit and proofread your letter.
Your letter should be between 400-500 words (this includes your first draft) and should follow the conventions of a professional letter, including a To and From section as well as a professional and courteous tone. Please sign your letter “A Concerned Citizen” since anonymity is needed for peer review. Please include a word count at the end of your assignment. [The word count may exclude the “To” and “From” lines, as well as the parenthetical citations within your paper. Note quotations within your paper still count. Don’t forget that both the minimum and maximum limits to the word count are important on all drafts.]
For ease of grading, please make sure your paper is in Times New Roman, 12pt font, and double spaced.
REFERENCES:
Saltsman, Michael. “San Francisco’s Problem Isn’t Robots; It’s the $15 Wage Floor.” The Wall Street Journal 24 Nov. 2017.
https://search.proquest.com/docview/1967950208?pq-origsite=summonLinks to an external site.
UM-Library AccessLinks to an external site.
Disclaimer: Please note this article was chosen for its simplified economic approach to the case it is analyzing. Neither the political preferences of Mr. Saltsman, nor the opinions expressed in the editorial article are to be assumed as representative of the instructor. Furthermore, it is safe to say there is a much greater complexity to labor issues than this analysis affords.
GRADING:
For Writing Assignment 2, you are asked to submit a First Draft, review your peers (Peer Review), and submit a Revised Draft. Note the third submission is different from Writing Assignment 1.
The First Draft is worth 5 points. Submitting a completed assignment is necessary to earn these points. The First Draft is also evaluated by your Writing Fellow with an eye toward the Revised Draft and the Essay Rubric which will be used to grade the Revised Draft. You will received feedback and a hypothetical grade from your fellow.
The Peer review is assessed on the Peer Review Rubric.
Eighteen out of the 53 points possible in Writing Assignment 2 depends on your Peer Reviews.
Therefore, failure to complete the Peer Reviews will result in a loss of these 18 points.
Participation in the Peer Review depends on successfully submitting a First Draft on time. Therefore, failure to submit a First Draft results in an automatic loss of 18 points for lack of Peer Reviews, in addition to the 5 points associated with the First Draft. For your sake, please submit your First Draft on time!
The remaining 30 out of 53 points of Writing Assignment 2 is based on the content and quality of your essay as determined in the Revised Draft through the Essay Rubric. This is NOT a Peer Reflection, though the reflection process is an intermediary step in revising your essay.
FIRST DRAFTPrepare your first draft of the letter requested in the prompt. You will be evaluated according to the Essay Rubric, but no grade will be assessed.
Your first draft is due before 10:00 am on February 15th (THURSDAY). Note, Canvas will treat a submission at 10:00.01 am as late. Late Assignments are given zero points.
A student failing to submit the first draft will not be able to participate in the peer review process, both in having their paper reviewed (obviously) and in not being allowed to review other papers. This effectively limits your grade to 30 of the 53 possible points for Writing Assignment 2.
Please be aware of the following:
The file format must be in Microsoft Word format. DO NOT upload a Google Doc, as this is a common source of corrupted files.
Please DO NOT put your name in the document that you upload. The peer review process should be anonymous, and we cannot remove your name from the documents once submitted.
There is no need to add a comment to your submission with your name. Canvas will link your submission to your student record since you had to log in to view this page.
Once you have uploaded your file, download and open the file to ensure it uploaded properly.
Please download your paper and open the document after uploading it, to ensure your paper properly uploaded.
PEER REVIEWIn providing feedback, your task is to help your peers identify areas that need the most attention. To guide you through the process of effectively providing feedback according to the essay rubric, you will be given a series of prompts that correspond to the essay rubric criteria.
This semester we are using the Canvas peer review tool within the assignment for the First Draft. Therefore, to complete the peer review, please click on the First Draft assignment above after the first draft due date. On the right side of the screen, you’ll find a link to your “Assigned Peer Reviews”. This is where you’ll complete the peer review assignments. Please review the Peer Review Guide before completing your peer reviews. Failure to properly submit the peer reviews will result in a zero.
NOTE:
The Canvas Peer Review System does not allow you to save and return to your peer reviews. Therefore it is advisable that you complete them in a separate document and then copy and paste in your responses when ready to submit the entire assignment.
Be careful to NOT submit your peer reviews as another submission to your first draft. While the Peer Reviews will be submitted within the same assignment, the process is different from your First Draft Submission. Please make sure to read the Peer Review Guide before completing your peer reviews.
As a general rule do NOT leave comments in the comments box of your assignments or the drafts your are reviewing. This eliminates the anonymity of peer reviews. Peer review comments should ONLY be left within the rubric comment boxes. For more information, please make sure to read the Peer Review Guide before completing your peer reviews.
Peer Review Guidelines
Print and read over your peer’s letter to quickly get an overview of the piece.
Read the letter more slowly keeping the assignment and essay rubric in mind.
Highlight the pieces of texts that let you directly address the feedback prompts in your online responses.
In your online responses, focus on larger issues (higher order concerns) of content and argument rather than lower order concerns like grammar and spelling.
Be very specific in your responses, referring to your peer’s actual language, mentioning terms and concepts that are either present or missing, and following the directions in the feedback prompts.
Use respectful language whether you are suggesting improvements to or praising your peer.
Feedback Prompts
UnderstandingBased on your class discussion and course readings, identify any important concepts that are missing. Identify any unnecessary concepts in use.
How can the author connect concepts in a more useful manner? For example, using your knowledge from class, how could the author improve their explanation of interactions between the various markets affected by these policies?
Critical ThinkingBased on your class discussion and course readings, how could the author improve their analysis of the minimum wage increase and the automation policy (ban or tax, depending)?
How well does the author apply economic principles to justify his/her position? Suggest one (or two) additional ways the author could apply economics to their argument in order to make this letter more persuasive.
Are all outside sources properly cited?
Response Alignment with AudienceThe letter should be understandable to a person with a basic but not sophisticated understanding of economic principles. In this context, which parts were difficult to understand? Which parts were easy to understand?
Peer Review Grading Criteria
Your peer feedback will be graded on two primary criteria: Is it relevant, and is it specific. You will receive points according to the Peer Review Rubric:
Your Peer Review is due before 10:00 am on February 22nd (THURSDAY). Note this is also when the First Draft assignment will not longer be available.
REVISED DRAFTRevising writing means re-seeing it. In your first writing assignment you explored how to use the peer review process as a means to ‘re-see’ your work through the Peer Reflection step of that writing assignment. Now, for Writing Assignment 2, you are asked to go the distance and not just reflect on the peer review experience, but fully revised your first draft given your peer review experience. Meaningful revision means changes at the sentence and paragraph level, and not simply changing word choice.
Revision Guidelines:
Re-read the situation and prompt.
Re-read the rubric and consider what a complete and effective response would include, noting what you do not fully address
Complete the process outlined in the Peer Reflection from Assignment 1, but for this assignment. *Do not submit a Peer Reflection for the Revised Draft.Make a list of effective content you noticed in the writing of your peers.
Read and summarize the feedback you received from your peers.
With these things in mind, re-read your draft and mark places where you can improve the content..

Saudi Electronic University
College of Administrative and Financial Sciences
E-commerce Department Group Project Cover Page
Group Names:
Group IDs:
Course Title: Introduction to E-Management Course Code: ECOM 201
Academic Year/ Semester: 2023/2024-2nd Term CRN:
Instructor Name:
Student Grade:out of 20
Grade Level: Low/ Mid/ High ECOM 201 Project Overview Suppose your group works as a virtual team in a Saudi company that deals with local and global clients. The company mainly aims to provide digital marketing services and solutions in one field (e.g., cars, real estate, perfumes, fashion, flowers, healthy food, medicines, etc.). A task has been given to you by the CEO. The task includes connecting with a Chinese brand that wants to open an office in Jeddah, Saudi Arabia. The task is considered completed when the team proposes a strategy to the Chinese company representative and receives their feedback. Requirements
The group needs to be divided as follows: one team manager, one representative from the Chinese brand, one technical support expert, and one or two general members. Write a reflection on your group work process in creating the team, choosing the tools, working on the tasks, and reporting the strategy to the client.
Reflection (due by Week 10) [20 marks]
The reflection should be written after you establish a successful virtual team. The reflection should describe the process of 4 main components of virtual management: team building, tools, procedures, and task management. Please use these guidelines on how to do so: 1. Virtual Team: (4 marks- 250 words)
In this section, you need to describe the virtual team. Name your team and specify the field you will focus on. Who are your team members, and what are their roles? What are the personal objectives of each member (why you joined the team)? What is the collective goal for your team (how will your team be successful in that field)? How the team experienced Bruce Tuckman’s five different stages of team building? 2. Virtual Tool (5 marks- 700 words)
In this section, you describe choosing a tool for your virtual team. What are the main and complimentary virtual tools did you use to manage the tasks? (provide pictures)
Describe the features of these tools that were useful to your teamwork (provide pictures).
Why did you choose these tools? What are the other options? Suppose your budget was SAR 10k; how did you use that budget to get the best possible tool? How frequently does the team meet? How long is each meeting? (Provide photos of the team meetings at different times)
How the meeting minutes helped your team stay focused? (Provide an example of your team meeting minutes). 3. Virtual work dynamics (5 marks- 700 words)
How did you create a virtual office? What are the technical challenges that you faced in your work? Give some examples of work ethics/ culture in China. How did you utilize vacation time and holiday time? What are the challenges that your team faced in communication? Specify how space, time, and cultural differences affected the communication process.
How did you overcome those challenges? (discuss from different roles’ perspectives).
4. Reports and presentations (5.5 marks- 500 words)
Provide an example of a proposed strategy your team worked on to make the marketing campaign successful for the Chinese company in the chosen field. The report should be 300 words describing the status and statistics of the chosen field and how customers (target audience) can be reached. The report should have an introduction, a brief strategy, and a conclusion. Include graphs and statistics to support your report (use local resources. If they were in Arabic, translate them). The Chinese company representative in your team should provide his/her feedback on the report (one or two comments) The rest of the team should address those comments.
Tell us how your teamwork was, what you would do better, and how you will thrive in the future.
5. Conclude your reflection (0.5 mark- 100 words)
Useful links:
http://www.nottingham.ac.uk/studentservices/documents/planning-and-preparing-to-write-assignments.pdf
APA reference system https://student.unsw.edu.au/apa
About plagiarism http://wts.indiana.edu/pamphlets/plagiarism.shtml
About plagiarism https://en.wikipedia.org/wiki/Plagiarism
Guidelines for the assignment:
This is a group project (4-5 students in each group), which is part of your course score. It requires effort, collaboration and critical thinking.
Use the given template below. One mark will be deducted if there is this template is not used. Your assignment must be supported by evidence and resources. Otherwise, your answer will not be valid.
Use at least 3 different references from the SDL including the Textbook Use font Times New Roman, Calibri or Arial.
Use 1.5 or double line spacing with left Justify all paragraphs.
Use the footer function to insert page number.
Ensure that you follow the APA style in your project. Your project report length should be between 2000 to 2500 words.
Up to 20% of the total grade will be deducted for providing a poor assignment structure. The structure includes these elements paper style, free of spelling and grammar mistakes, referencing, and format. Answer:

Saudi Electronic University
College of Administrative and Financial Sciences
E-commerce Department Group Project Cover Page
Group Names:
Group IDs:
Course Title: Introduction to E-Management Course Code: ECOM 201
Academic Year/ Semester: 2023/2024-2nd Term CRN:
Instructor Name:
Student Grade:out of 20
Grade Level: Low/ Mid/ High ECOM 201 Project Overview Suppose your group works as a virtual team in a Saudi company that deals with local and global clients. The company mainly aims to provide digital marketing services and solutions in one field (e.g., cars, real estate, perfumes, fashion, flowers, healthy food, medicines, etc.). A task has been given to you by the CEO. The task includes connecting with a Chinese brand that wants to open an office in Jeddah, Saudi Arabia. The task is considered completed when the team proposes a strategy to the Chinese company representative and receives their feedback. Requirements
The group needs to be divided as follows: one team manager, one representative from the Chinese brand, one technical support expert, and one or two general members. Write a reflection on your group work process in creating the team, choosing the tools, working on the tasks, and reporting the strategy to the client.
Reflection (due by Week 10) [20 marks]
The reflection should be written after you establish a successful virtual team. The reflection should describe the process of 4 main components of virtual management: team building, tools, procedures, and task management. Please use these guidelines on how to do so: 1. Virtual Team: (4 marks- 250 words)
In this section, you need to describe the virtual team. Name your team and specify the field you will focus on. Who are your team members, and what are their roles? What are the personal objectives of each member (why you joined the team)? What is the collective goal for your team (how will your team be successful in that field)? How the team experienced Bruce Tuckman’s five different stages of team building? 2. Virtual Tool (5 marks- 700 words)
In this section, you describe choosing a tool for your virtual team. What are the main and complimentary virtual tools did you use to manage the tasks? (provide pictures)
Describe the features of these tools that were useful to your teamwork (provide pictures).
Why did you choose these tools? What are the other options? Suppose your budget was SAR 10k; how did you use that budget to get the best possible tool? How frequently does the team meet? How long is each meeting? (Provide photos of the team meetings at different times)
How the meeting minutes helped your team stay focused? (Provide an example of your team meeting minutes). 3. Virtual work dynamics (5 marks- 700 words)
How did you create a virtual office? What are the technical challenges that you faced in your work? Give some examples of work ethics/ culture in China. How did you utilize vacation time and holiday time? What are the challenges that your team faced in communication? Specify how space, time, and cultural differences affected the communication process.
How did you overcome those challenges? (discuss from different roles’ perspectives).
4. Reports and presentations (5.5 marks- 500 words)
Provide an example of a proposed strategy your team worked on to make the marketing campaign successful for the Chinese company in the chosen field. The report should be 300 words describing the status and statistics of the chosen field and how customers (target audience) can be reached. The report should have an introduction, a brief strategy, and a conclusion. Include graphs and statistics to support your report (use local resources. If they were in Arabic, translate them). The Chinese company representative in your team should provide his/her feedback on the report (one or two comments) The rest of the team should address those comments.
Tell us how your teamwork was, what you would do better, and how you will thrive in the future.
5. Conclude your reflection (0.5 mark- 100 words)
Useful links:
http://www.nottingham.ac.uk/studentservices/documents/planning-and-preparing-to-write-assignments.pdf
APA reference system https://student.unsw.edu.au/apa
About plagiarism http://wts.indiana.edu/pamphlets/plagiarism.shtml
About plagiarism https://en.wikipedia.org/wiki/Plagiarism
Guidelines for the assignment:
This is a group project (4-5 students in each group), which is part of your course score. It requires effort, collaboration and critical thinking.
Use the given template below. One mark will be deducted if there is this template is not used. Your assignment must be supported by evidence and resources. Otherwise, your answer will not be valid.
Use at least 3 different references from the SDL including the Textbook Use font Times New Roman, Calibri or Arial.
Use 1.5 or double line spacing with left Justify all paragraphs.
Use the footer function to insert page number.
Ensure that you follow the APA style in your project. Your project report length should be between 2000 to 2500 words.
Up to 20% of the total grade will be deducted for providing a poor assignment structure. The structure includes these elements paper style, free of spelling and grammar mistakes, referencing, and format. Answer:

The market for snow shovel is described by the following supply and demand curves:
d
s
P Q
P Q
150 4
30 2
= −
= +
a. Draw the curves. Be sure to label axes and curves.
b. Compute the equilibrium price and equilibrium quantity.
c. If the price is $90, what is the quantity supplied? What is the quantity demanded?
d. At a price of $90, is the market in equilibrium? If not, name the situation? What will happen? Why?
e. If the price is $58, what is the quantity supplied? What is the quantity demanded?
f. At a price of $58, is the market in equilibrium? If not, name the situation? What will happen? Why?