# Equilibrium Quantity and Price Assignment | Homework For You

During holiday season in 2014, Italian news reported that an artichoke exploded in a woman’s kitchen. You work as a market analyst, your boss asks you to evaluate the market effects of this news event. Based on estimation, in the market for fresh aritchokes (market 1) Q_D(1) = 22 – 3P_1 + P_2 and Q_S(1) = 2 + P_1 and in the market for canned artichokes (market 2) Q_D(2) = 4 – 2P_2 + P_1 and Q_S(2) = 1 + P_2

Don't use plagiarized sources. Get Your Assignment on
Equilibrium Quantity and Price Assignment | Homework For You
Just from \$13/Page

a) calculate the equilibrium quantity and price in each market in perfect competition

b) After the news event, you estimate that Q_D(1) = 12 – 3P_1 + P_2. Calculate the new equilibirum

c) If someone assumes that P_2 does not change after the news shock, would he/she over-estimate or underestimate the effect of the news shock on price of fresh artichokes and why? Get Economics homework help today

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.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your 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.
Pro service tips
How to get the most out of your experience with Homework Writing Services
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Business Studies
im happy
Customer 453915, January 28th, 2020
Public Relations
This writer did a good job on my paper, it had to be revised and I couldn't have asked for a better writer. My paper was on time. Thanks!
Customer 452621, January 22nd, 2020
Retail
This submission was excellently done. Looking foward to your future contribution.
Customer 463463, December 12th, 2022
History
The work is of really good quality and was finished on time.
Customer 454439, June 15th, 2020
Federal government
Good content.
Customer 462687, April 4th, 2022
English 101
Thank you!
Customer 454425, June 21st, 2020
Religious studies
This was well done thank you
Customer 452763, December 10th, 2021
Military
Excellent job
Customer 456821, June 30th, 2022
Military
excellent work
Customer 456821, November 1st, 2022
History
Great!
Customer 453413, February 27th, 2020
Accounting
Thank you for the revision! This is how it should look like.
Customer 463407, October 16th, 2022
English 101
You guys rock! Plenty of work to spin it and personalize it. And most importantly, on time!
Customer 462833, April 9th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
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