[Get Solution] Supply and Demand Concepts

Supply and Demand Concepts You have been hired by a new firm selling electronic dog feeders. Your client has asked you to gather some data on the supply and demand for the feeder, which is given below, and address several questions regarding the supply and demand for these feeders. Price per Feeder Quantity Demanded Quantity Supplied $300 500 1800 270 600 1700 240 700 1600 210 800 1500 180 1000 1400 150 1100 1300 120 1200 1200 80 1300 1100 60 1400 1000 30 1500 900 10 1600 800 Your client has asked that you develop a report addressing the following questions so that you can present these findings to their Board of Directors: Questions:  MUST ANSWER ALL QUESTIONS AND SUPPLY GRAPHS Construct a graph showing supply and demand in the electronic dog feeder market, using Microsoft Excel. How are the laws of supply and demand illustrated in this graph? Explain your answers. What is the equilibrium price and quantity in this market? Assume that the government imposes a price floor of $180 in the feeder market. What would happen in this market? Assume that the price floor is removed and a price ceiling is imposed at $90. What would happen in this market? Now, assume that the price of feeders drops by 50%. How would this change impact the demand for feeders? Explain your answer and reconstruct the graph developed in question one to show this change. Assume that incomes of the consumers in this market increases. What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show this change. Assume that the number of sellers decreases in this market. What would happen in this market? Explain your answer and reconstruct the graph developed in question one to show this change. Explain the difference between a normal good and an inferior good. Would your answers to question 7 change depending on whether this good is a normal or inferior good? Why? Submission Details: Develop your analysis in Microsoft Excel format. Enter non-numerical responses in the same worksheet using textboxes.

Struggling to find relevant content? Order a custom essay on
[Get Solution] Supply and Demand Concepts
Let our experts save you the hassle
Order Now
Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
Sign up, place your order, and leave the rest to our professional paper writers in less than 2 minutes.
step 1
Upload assignment instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
s
Get personalized services with GPA Fix
One writer for all your papers
You can select one writer for all your papers. This option enhances the consistency in the quality of your assignments. Select your preferred writer from the list of writers who have handledf your previous assignments
Same paper from different writers
Are you ordering the same assignment for a friend? You can get the same paper from different writers. The goal is to produce 100% unique and original papers
Copy of sources used
Our homework writers will provide you with copies of sources used on your request. Just add the option when plaing your order
What our partners say about us
We appreciate every review and are always looking for ways to grow. See what other students think about our do my paper service.
ENVIRONMENT SCIENCE
EXCELLENT
Customer 452813, June 19th, 2022
Human Resources Management (HRM)
Excellent Thank you.
Customer 452813, January 11th, 2025
Business and administrative studies
Thank you very much for your help.
Customer 452861, September 16th, 2022
Human Resources Management (HRM)
This paper is well -written from what I have read. If there are any instructor concerns, I will advise.
Customer 452701, October 24th, 2023
Nursing
Top notch quality!
Customer 452453, February 16th, 2023
Criminal Justice
Impressive! Will be using the service again.
Customer 452485, December 5th, 2021
Nursing
The writer went above and beyond for this assignment. I am so grateful for the help.
Customer 452707, August 19th, 2022
Political science
THANK YOU
Customer 453001, April 25th, 2024
Social Work and Human Services
Awesome, Work! Didn't have to add much to it. Thank You!
Customer 452587, September 7th, 2021
Other
great
Customer 452813, June 25th, 2022
Other
GOOD
Customer 452813, July 5th, 2022
public speaking
The work was excelent and very professional.
Customer 452653, November 1st, 2021
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat

Good News ! We now help with PROCTORED EXAM. Chat with a support agent for more information