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    Noviana Putri T1 EKO

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    The document discusses a university official arguing that tuition increases have not decreased student applications, implying demand is price inelastic. However, the summary notes the official has not actually observed a demand curve - other factors could explain steady applications. Two economics assignments are then summarized, involving market equilibrium calculations for different income and price levels, and analyzing the effects of a price ceiling below the equilibrium price.

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    Noviana Putri T1 EKO

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    The document discusses a university official arguing that tuition increases have not decreased student applications, implying demand is price inelastic. However, the summary notes the official has not actually observed a demand curve - other factors could explain steady applications. Two economics assignments are then summarized, involving market equilibrium calculations for different income and price levels, and analyzing the effects of a price ceiling below the equilibrium price.

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    21113019 Noviana Putri T1 EKO

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    The document discusses a university official arguing that tuition increases have not decreased student applications, implying demand is price inelastic. However, the summary notes the official has not actually observed a demand curve - other factors could explain steady applications. Two economics assignments are then summarized, involving market equilibrium calculations for different income and price levels, and analyzing the effects of a price ceiling below the equilibrium price.

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    Download as pptx, pdf, or txt
    21 views12 pages

    Noviana Putri T1 EKO

    Uploaded by

    Noviana Putri
    The document discusses a university official arguing that tuition increases have not decreased student applications, implying demand is price inelastic. However, the summary notes the official has not actually observed a demand curve - other factors could explain steady applications. Two economics assignments are then summarized, involving market equilibrium calculations for different income and price levels, and analyzing the effects of a price ceiling below the equilibrium price.

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    of 12

    NAMA : NOVIANA PUTRI

    NIM    : 21113019

    TUGAS 1 EKONOMIKA
    Tugas Halaman 61

    10. In a disscusion of tuition rates, a university official argues that the demand for
    admission is completely price inelastic. As evidence, she notes that while the university
    has doubled its tuition (in real terms) over the past 15 years, neither the number nor
    quality of students applying has decreased. Would you accept this argument? Explain
    briefly. (Hint: The official makes an assertion about the demand for admission, but does
    she actually observe a demand curve? What else could be going on?)
    Jawaban

    •10. Permintaan Inelastis

         Permintaan inelastis terjadi jika perubahan harga kurang


    Kurva Permintaan Inelastis 
    berpengaruh pada perubahan permintaan. Contohnya seperti yang
    tertera disoal, meskipun harga biaya di Universitas tersebut naik,
    tetapi orang-orang akan membutuhkan Universitas tersebut untuk
    sarana pendidikan.
    11. Suppose the demand curve for a product is given by

              Q = 10-2P+Ps

    where P is the price of the product and Ps is the price of a


    substitute good. The price of the substitute good is $2.00

    a. Suppose P = $1.00. What is the price elasticity of demand? What


    is the cross-price elasticity of demand?

    b. Suppose the price of the good,P, goes to $2.00. Now what is the
    price elasticity of demand? What is the cross-price elasticity of
    demand?
    Jawaban
    11. A .Diketahui : 
                              Q = 10 – 2P + Ps
                              Ps = $2.00
                               P = $1.00

          Mencari Q = 10 – 2P + Ps
                              = 10 – 2($1.00) + $2.00
                              = 10 

         Ep = -2P/Q
               = -2(1)/10
               = -0,2

        Es = Ps/Q
             = 2/10
             = 0,2

    Jadi, elastisitas harga adalah –0,2 dan elastisitas silang adalah 0,2

    5
    11. B.  Diketahui :
                                     Q = 10 – 2P + Ps
                                     Ps = $2.00
                                      P = $2.00

          Mencari Q = 10 – 2P + Ps
                              = 10 – 2($2.00) + $2.00
                 =8

         Eh = -2P/Q
               = -2($2.00)/10
               = -0,5

         Es = Ps/Q
              = $2.00/10
              = 0,25

    Jadi, elastisitas harga adalah  –0,5 dan elastisitas silang adalah 0,25
    Tugas Halaman 1. Suppose the demand curve for a
    product is given by
    62         Q = 300 – 2P + 4I, where I is
    average income measured in
    thousands of dollars. The supply
    curve is Q = 3P – 50

    a) If I = 25, find the market-


    clearing price and quantity for
    the product

    b) If I = 50, find the market-


    clearing price and quantity for
    the product

    c) Draw a graph to illustrate your


    answers
    Jawaban

    A) Jika I = 25
       
    • Mencari nilai P

                           Qd = Qs
         300 – 2P + 4I  = 3P – 50
    300 – 2P + 4(25) = 3P – 50
               -2P –3P      = -50 –300 –100
                       -5P     = -450
                          P      = 90  

    • Mencari nilai Q

              Q = 3P – 50
                  = 3(90) - 50
                  = 220
          
    B)  JIka I = 50

    • Mencari nilai P
      
                           Qd = Qs
         300 – 2P + 4I  = 3P – 50
    300 – 2P + 4(50) = 3P – 50
               -2P –3P      = -50 –300 –200
                       -5P     = -550
                          P      = 110

    • Mencari nilai Q
         
              Q = 3P – 50
                  = 3(110) - 50
                  = 280

                   
    2. Consider a competitive market for which
    the quantities demanded and supplied (per
    year) at various price are given as follows :

    a. Calculate the price elasticity of demand when                   Price             Demand                Supply


                   (Dollars)             (Millions)              (Miliions)
    the price is $80 and when the price is $100
                       60                   22                   14
    b. Calculate the price elasticity of supply when
    the price is $80 and when the price is $100                    80                   20                   16

    c. What are the equilibrium price and quantity?                  100                   18                   18

                     120                   16                   20
    d. Suppose the government sets a price ceiling of
    $80. Will there be a shortage, and if so, how
    large will it be?
    Jawaban
    a. Elastisitas Harga Permintaan
              Ed = perubahan kuantitatif/perubahan harga
                    = -2/10
                    = -0,1
    * Pada harga $80, permintaan 20
          Ed = (80/20) . (-0,1)
                = -0,40
    * Pada harga $100, permintaan 18
           Ed = (100/18)  . (-0,1)
                 = -0,56
    b. Elastisitas Harga Penawaran
                  Ed = 2/20
                        = 0,1
    •* Pada harga $80, penawaran 16
                  Ed = 80/16 . 0,1
                        = 0,5
    •* Pada harga $100, penawaran 18
                  Ed = 100/18 . 0,1
                      = 0,56

    c. Harga dan kuantitas ekuilibrium ditemukan ketika kuantitas penawaran sama dengan
    kuantitas permintaan pada harga yang sama. Dari tabel tersebut P = $100 dan Q = 18 juta

    •d. Dengan harga maksimum sebesar $80, konsumen menginginkan 20 juta, tetapi produsen
    hanya memasok 16 juta, sehingga kekurangan 4 juta

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