Preview

Assignment 3: Supply, Demand, & Government in the Markets

Good Essays
Open Document
Open Document
1529 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Assignment 3: Supply, Demand, & Government in the Markets
Study Aide and TIPS for Module 1-Written Assignment 3
Rubric for grading: M1-Assignment 3 Grading Criteria | Maximum
Points | Points Earned | Correctly constructed the supply and demand graph. It is recommended that you use the EXCEL study aide I posted to do this. | 12 | 12 | Answered questions 2-5 correctly, 15 points each. | 60 | 60 | Answered question 6 correctly. | 8 | 8 | Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation. It is recommend to use an Excel sheet for the graph and a WORD document for the other questions. APA formatting should be done in WORD with a title page, in-text citations, and a reference page. I want to emphasis that you must have a reference page listing your sources. This is worth a lot of points so don’t forget this. | 20 | 20 | Total: | 100 | 100 |

M1-Assignment 3: Supply, Demand, & Government in the Markets (Be sure to scroll to the last page for some important information)
A doctoral student has just completed a study for her dissertation and found the following demand and supply schedules for hand held computers to be as follows: Price/Computer | Quantity Demanded | Quantity Supplied | $200 | 1000 | 2200 | 175 | 1250 | 2050 | 150 | 1500 | 1900 | 125 | 1750 | 1750 | 100 | 2000 | 1600 | 75 | 2250 | 1450 | 50 | 2500 | 1300 | 25 | 2750 | 1150 |
1.Using Microsoft Excel, draw a graph illustrating the supply and demand in this market.
Here is some information from our lecture to help you in completing this requirement. Your graph should be set up like the sample below. Your data for the graph will come of the chart above. Remember that the horizontal axis (z) is the Quantity and the vertical axis (y) is always price. Are you now recalling some of your high school math and algebra classes where you studied this? I suggest that you first do a practice graph

You May Also Find These Documents Helpful

  • Satisfactory Essays

    BartrugS M1A3

    • 358 Words
    • 2 Pages

    Everyone knows in the day and age know about Supply and Demand. The laws of Supply and Demand are quite simple, when the Demand goes up the price increases. When the Demand decreases the price goes down. In the middle of this all this is called Supply. Ok, you need a Supply of something. In this paper the Supply is a demand for computers for a doctoral student looking for a computer.…

    • 358 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Format your paper consistent with APA guidelines. A minimum of two outside academic references are required in addition to using course texts and websites.…

    • 865 Words
    • 4 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Format your paper consistent with APA guidelines. A minimum of two outside academic references are required in addition to using course texts and websites.…

    • 640 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    104 demand

    • 268 Words
    • 1 Page

    Use the data generator in the lesson, to get data to plot on your graph. Create the graph and plot out the points given to you. Be sure to label all parts of the graph and give it a title. The easiest way to create your graph is to do it by hand. Draw your graph out on paper, after you have completed all of the steps use a digital camera to take a picture of it. Save your graph to your computer and insert it as a picture at the top of this document.…

    • 268 Words
    • 1 Page
    Satisfactory Essays
  • Better Essays

    Vark Analysis Paper

    • 1334 Words
    • 6 Pages

    Follow APA style and format, title page appropriately formatted, a minimum of 3 sources are used, Reference page is properly formatted…

    • 1334 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Format your paper consistent with APA guidelines; cite at least 1 source in your work. Please see APA Template in Course Materials Forum to learn how to properly format a paper, or write your paper in RiverPoint.…

    • 1007 Words
    • 5 Pages
    Satisfactory Essays
  • Satisfactory Essays

    week 2

    • 594 Words
    • 3 Pages

    Complete the Supply and Demand Simulation located on the Materials tab (Week 2) of the course. Write 700 - 1,050-word paper of no more than summarizing the content. Address the following:…

    • 594 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Charter

    • 268 Words
    • 2 Pages

    The alphabetized arrangement, use of capitalization, and formatting (using a hanging indent of one-half inch) should all conform to APA requirements. You can refer to the listed on the Write & Cite tab of the library website.…

    • 268 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    PART THREE: SUPPLY AND DEMAND II: MARKETS AND WELFARE Chapter 7 Chapter 8 Chapter 9…

    • 20070 Words
    • 81 Pages
    Powerful Essays
  • Good Essays

    Achievement Results

    • 456 Words
    • 2 Pages

    This assignment must be no more than 1½ pages (not including title page and/or reference page if needed). Use APA formatting for the font, title/reference page, margins, section headings, etc.…

    • 456 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Economies of Scale

    • 3036 Words
    • 13 Pages

    Reduction in long-run average and marginal costs, due to increase in size of an operating unit (a factory or plant, for example). Economics of scale can be internal to a firm (cost reduction due to technological and management factors) or external (cost reduction due to the effect of technology in an industry).…

    • 3036 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    When analyzing government policies, supply and demand are the first and most useful tools of analysis. Price controls such as, price ceiling, price floor and tax incidence mentioned in this chapter show how price controls affect economy. Price ceiling is a legal maximum on the price at which a good can be sold and price floor is a legal minimum on the price at which a good can be sold. Evaluating price controls, this chapter explains why economists usually oppose price ceiling and price floor. According to one of the ten principles of economics, governments can sometimes improve market outcomes. There is a tax for improving arts and artistic circumstance when we buy a ticket for a concert. How the burden of a tax is divided is different from other products because elasticity of music concerts depends on the content of the concert. But demand of classical music concert is mostly elastic and supply of classical music concert is inelastic. Therefore, sellers might bear most of the burden of the tax to help other artistic activity but the division of the tax burden between sellers and buyers does not depend on whether government levies the tax on sellers, levies the tax on buyers or divides the tax equally between two groups. And also the tax for a ticket to improve arts and artistic circumstance is also used as art subsidies. So subsidies are making classical music more accessible to people. The object of tax and subsidies is to make classical music more accessible to people. Considering those concepts, imposing a tax in this case is necessarily important to improve market outcomes in the classical music field. It is in the feed back condition between tax and subsidies in arts. The principle, governments can sometimes improve market outcomes, is fit in classical music field.…

    • 326 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    A Game Design

    • 366 Words
    • 2 Pages

    Two supermarkets site in a town on a certain distance. Town residents may usually go to the nearest supermarket, but they can choose the other supermarket because it not takes long trip to reach the farther supermarket.…

    • 366 Words
    • 2 Pages
    Good Essays
  • Good Essays

    No figure for total pre-raid population at these different distances were available. Such figures would be necessary in order to compute per cent mortality. A calculation made by the British Mission to Japan and based on a preliminary analysis of the study of the Joint Medical-Atomic Bomb Investigating Commission gives the following calculated values for per cent mortality at increasing distances from X:…

    • 842 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Markets and Demand

    • 2247 Words
    • 9 Pages

    -What happens if I told you, don’t accept dollars they are worthless, you wouldn’t listen. But if Obama says it on television you would listen.…

    • 2247 Words
    • 9 Pages
    Good Essays

Related Topics