有幾條elastricity既問題唔知做... 1. Suppose in HK the public medical service is perfectly inelastic in supply. At present the public medical fee is below the equilibruim level. Suppose the government raises the fee to the equilibruim level. With the aid of diagram, explain what would happen to the following : (i) the quantily of the public medical service demanded by the patients (ii) the total revenue from the provision of the public medical service. 4. Suppose there is a drastic increase in sewage charges which affects the total revenue of local restaurants. With the aid of diagram, explain the condition under which the total revenue would decrease. 求大家教我....
第一題不太肯定 (i)as the price increase ,Qd will decrease(Law of Demand)...不知對不對...圖自己畫吧(默 p.s.一起手唔該洗有畫shortage=) (ii)一起手都先畫有shortage when government raises the fee to the equilibruim level P↑......however Qt remains constant as P↑,there is a gain intotal revenue thus,total revenue↑ 其實還是不答好- - 第二題比較肯定 但可能也有錯的可能:hug: 因為there is a drastic increase in sewage charges therefore,supply will decrease as the cost of prodution increase If the demand is elastic %↑in P<%↓in Qt gain in total revenue<loss in total revenue thus,the total revenue would decrease. 囧我居然記錯了s↓ p↓囧 現改回了- -應該對了 P.s.記得要label有shortage*
原帖由 囧囧中自有囧囧 於 11/2/2009 08:58 PM 發表 (i)as the price increase ,Qd will decrease(Law of Demand)...不知對不對...圖自己畫吧(默 p.s.一起手唔該洗有畫shortage=) (ii)一起手都先畫有shortage when government raises the fee to the equilibruim level P↑......however Qt remains constant as P↑,there is a gain intotal revenue thus,total revenue↑
(i)perfectly inelastic 係垂直線 Qd冇變
(ii)原本Qs<Qd, 變成Qs=Qd, Qd remains constant Price increases and Qt increases
EDIT:睇錯野,囧 樓上o岩
原帖由 囧囧中自有囧囧 於 11/2/2009 08:58 PM 發表 If the demand is inelastic %↓in P>%↑in Qt loss in total revenue>gain in total revenue thus,the total revenue would decrease.
似乎調轉左 supply decreases Price increases and Qd decreases 所以係elastic
1 (i)睇圖。當價格由P1升至Pe,Quantity demanded 會由Qd1跌至Qd2。 (Quantity demanded =/= Quantity Transacted) (ii) 睇圖。總收入會由P1 x Qd2 (即quantity transacted)升至 Pe x Qd2。 (Quantity transacted應該係冇升過)