New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

Introductory Microeconomic Analysis and Policy

by: Miss Romaine Grimes

Introductory Microeconomic Analysis and Policy ECON 102

Marketplace > Pennsylvania State University > Economcs > ECON 102 > Introductory Microeconomic Analysis and Policy
Miss Romaine Grimes
Penn State
GPA 3.64

George Mateer

Almost Ready


These notes were just uploaded, and will be ready to view shortly.

Purchase these notes here, or revisit this page.

Either way, we'll remind you when they're ready :)

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

George Mateer
Class Notes
25 ?




Popular in Course

Popular in Economcs

This 0 page Class Notes was uploaded by Miss Romaine Grimes on Sunday November 1, 2015. The Class Notes belongs to ECON 102 at Pennsylvania State University taught by George Mateer in Fall. Since its upload, it has received 7 views. For similar materials see /class/233097/econ-102-pennsylvania-state-university in Economcs at Pennsylvania State University.


Reviews for Introductory Microeconomic Analysis and Policy


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 11/01/15
Aldabella Huynh Alh5610 September 15 2011 Homework 2 1 Kim should wash the cars 2 a The demand for CocaCola would rise as the price of Pepsi increase because a majority of the people if they are not customers based on loyalty would want the cheaper product b The demand curve would from D2 to D1 From the seller s perspective as the price increases the product s price will also increase From the buyer s perspective as the price increases the demand will be less The equilibrium price would be somewhere it is high enough that a majority of the people would buy the product and a large quantity of the products would be sold There would probably be a few products left over as result a surplus 3 Price 5151 200 S 50 D Quantity Sold 4 As the price decreases supply decreases This means that the demand for the product is too low to the point where people do not want to buy it Therefore manufacturers sellers do not wish to supply the product anymore 5 QdQs 10010P2010P 12020P 6P Q10010P 9 Q100106 9 Q10060 9 Q40 The equilibrium price would be 600 and the quantity would be 40 items Aldab ella Huynh ath 6 10 Dirk Mateer Econ 102 Section 013 Homework 1 1 The concept illustrated in this situation incentives 2 3 9999 0 positive because if you get good grades you will get the money 0 direct because it is clearly stated about the reward 0 negative because you did not want to waste the initial fee of twenty dollars that you paid to win the contest indirect because time will be placed on studying and competition might aroused between other students I unintentional consequences if they do not win they will be upset and dislike the companywebsite O Negative because people would have to buyBaja Fresh s burrito for more money when they could get if for cheaper at Chipotle also indirect because in the end Baja Fresh would lose customers to Chipotle Direct because it is clearly stated that you could gain twice as much money also negative because you do not do something that you wantlikeall your friends will be doing to get money so therefore you sacrifice social life Positive statement Positive statement Normative statement Normative statement Normative statement


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."

Anthony Lee UC Santa Barbara

"I bought an awesome study guide, which helped me get an A in my Math 34B class this quarter!"

Steve Martinelli UC Los Angeles

"There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."

Parker Thompson 500 Startups

"It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.