A
asn123
Member
1)
In the table below showing demand and supply schedules for boat rides , if demand for boat rides increases to 20 rides a day what will the price be?
PRICE: 2 4 6 8 10 12
QD(Rides/day): 100 90 80 70 60 50
QS(Rides/day):40 50 60 70 80 90
Options are:
i) rise to rs 6 a ride
ii)fall to rs 6 a ride
iii)remains unchanged
iv)rise to 10 a ride
2) if the marginal capital output ratio is 4, the ratio of injections to AD is 30% and investment constitutes 60% of all injections, what is the growth rate in the economy, assuming the economy is in equilibrium?
i)15% ii)4.5% iii)7.5% iv)22.5%
Please can someone tell me the ans with the logic!
In the table below showing demand and supply schedules for boat rides , if demand for boat rides increases to 20 rides a day what will the price be?
PRICE: 2 4 6 8 10 12
QD(Rides/day): 100 90 80 70 60 50
QS(Rides/day):40 50 60 70 80 90
Options are:
i) rise to rs 6 a ride
ii)fall to rs 6 a ride
iii)remains unchanged
iv)rise to 10 a ride
2) if the marginal capital output ratio is 4, the ratio of injections to AD is 30% and investment constitutes 60% of all injections, what is the growth rate in the economy, assuming the economy is in equilibrium?
i)15% ii)4.5% iii)7.5% iv)22.5%
Please can someone tell me the ans with the logic!