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Assignment 3: Supply, Demand, & Government in the Markets A doctoral student has just completed a study for her dissertation and found the...

This question was answered on Jan 15, 2013. View the Answer
I need an excel template for this assignment. Can you help me?
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
Questions:
1. Using Microsoft Excel, draw a graph illustrating the supply and demand in this market.
2. What is the equilibrium Price and Quantity in the market?
3. Now suppose the government imposes a special tax on these computers. Describe what would happen in this market in terms of the supply and demand curve.
4. Disregard the new tax in part three. Now assume that the government imposes a price ceiling of $100 in this market, as a result of protests of price gauging by the sellers. What would happen to the price and quantity in this market?
5. Disregard the events of part four. Assume that the manufacturers of this product lobby the government’s lawmakers, in terms of this product being an essential for college students but they are considering halting production due to the lack of profits. The lawmakers agree and now set a price floor at $150. What would happen in this market?
6. If consumers’ expectations were such that they were concerned about the economy and jobs, what would you think would happen in this market?
Present your analysis in Excel format. Enter non-numerical responses in the same worksheet using textboxes.
Assignment 3: Supply, Demand, & Government in the Markets 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 Questions: 1. Using Microsoft Excel, draw a graph illustrating the supply and demand in this market.  2. What is the equilibrium Price and Quantity in the market?  3. Now suppose the government imposes a special tax on these computers. Describe what would happen in this  market in terms of the supply and demand curve.  4. Disregard the new tax in part three. Now assume that the government imposes a price ceiling of $100 in this  market, as a result of protests of price gauging by the sellers. What would happen to the price and quantity in this  market?  5. Disregard the events of part four. Assume that the manufacturers of this product lobby the government’s  lawmakers, in terms of this product being an essential for college students but they are considering halting  production due to the lack of profits. The lawmakers agree and now set a price floor at $150. What would happen  in this market?  6. If consumers’ expectations were such that they were concerned about the economy and jobs, what would you think  would happen in this market?  Present your analysis in Excel format. Enter non-numerical responses in the same worksheet using textboxes.  By  Wednesday, January 16, 2013  deliver your assignment to the  M1: Assignment 3 Dropbox. Create the file with the following name:  LastnameFirstInitial_M1A3.Excel.xls .
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8420133.xlsx

Price/Computer Quantity Demanded Quantity Supplied $200 1000 2200 175 1250 2050 150 1500 1900 125 1750 1750 100 2000 1600 $ 250 75 2250 1450 2500 1300 $ 200 $ 250 50
25 2750 1150 $ 150 $ 200 Q1 $...

This question was asked on Jan 14, 2013 and answered on Jan 15, 2013.

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