Eco402 Assignment Solutions

ENG301 Assignment No 3 Fall 2017

Dear Students, Here you can read or Download ENG301 - Business CommunicationAssignment No 3 Solution and Discussion of Semester Fall 2017. Assignment Due Date is 02 February, 2018. Total Marks are 20. Lectures covered in this Assignment are from Lecture No 23 to Lecture No 37. ENG301 Assignment Solution File has been added. We are here to facilitate your learning and we do not appreciate the idea of copying or replicating solutions.

ENG301 Assignment No 2 Solution and discussion Fall 2017

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Recommended : ENG301 All Past Papers of Fall 2015

ENG301 Assignment Question No 1:

As the Sales Director of Sapphire & Co., write a circular letter to introduce your new Allama Iqbal Town branch to your customers.

ENG301 Assignment Question No 2:

Match the special terms for meetings in column A with their definitions in column B and write the correct definitions in column C.


Special terms for Meetings and Committee :

ENG301 Assignment Question No 2 - Special terms for Meetings and Committee 

ENG301 Assignment No 3 Solution Fall 2017

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ENG301 Assignment No 3 Solution Fall 2017 Sample Preview
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EQUILIBRIUM
Equilibrium is a state in which there are no shortages and surpluses; in other words the quantity
demanded is equal to the quantity supplied.
Equilibrium price is the price prevailing at the point of intersection of the demand and supply curves; in
other words, it is the price at which the quantity demanded is equal to the quantity supplied.
Equilibrium quantity is the quantity that clears the market; in other words, it is it is the quantity at which
the quantity demand is equal to the quantity supplied.
ALGEBRAIC REPRESENTATION OF EQUILIBRIUM
If we have following demand and supply function
Qd = 100 – 10 P
Qs = 40 + 20 P
Supply Curve
Quantity (Q)
Price (P) Demand Curve
Qd = Qs

In equilibrium,
Qd = Qs
Therefore,
100 - 10P = 40 + 20P
20P + 10P = 100 - 40
30P = 60
P = 60/30
P = 2
Putting the value of price in any of demand and supply equation,
Q = 100 – 10x2 (or 40 + 20x2)
Q = 100 – 20
Q = 80
The equilibrium price is 2 and the equilibrium quantity is 80

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