(A) Determine the Equilibrium Price and Quantity If Demand Is

question 8

Essay

(a) Determine the equilibrium price and quantity if demand is represented by the equation, P = 40 - .2QD and supply by the equation P = 10 + .4QS.(b) Suppose demand changes and is now represented by the equation P = 52 - .2QD.Has demand increased or decreased? What is the new equilibrium price and quantity?
(c) Suppose instead supply changes and is now represented by the equation P = 16 + .4QS.Has supply increased or decreased? What is the new equilibrium price and quantity?

Recognize the evolution of parent-child relationships into emerging adulthood.

Analyze the engagement of emerging adults in religious and spiritual activities.

Comprehend Erikson's developmental stages, especially the "intimacy versus isolation" stage.

Identify the trends in cohabitation and marriage among emerging adults.