Question 5 (1 point) Suppose that in a perfectly competitive market, demand is given by Q...

Question

Question

Question 5 (1 point) Suppose that in a perfectly competitive market, demand is given by Q 56.0-P and supply is given by Q=P-1

Answer 1

Answer #1

56-P depe13 Demand Supply At igudi boun 6-PM- P-13 69-2P P 34.5 Equilibsn E S6-P 56-34. 5 21.5 Eyuiltihrien tty It fove nnt i

56-35 LO21 uilibniua antdg after > tar Prie 54 3 S 34 Dernd 21 21. 4(3.5-1 Pria Aalless reeeive= 34 froduerduplus after tax-

Answer 2

Similar Homework Help Questions

Question 3 (1 point) Suppose that in a perfectly competitive market, demand is given by Q-70.0-P...

Question 3 (1 point) Suppose that in a perfectly competitive market, demand is given by Q-70.0-P and supply is given by Q-P-18.0. The government imposes a per-unit excise tax of $1 on the good. What is the tax revenue collected by the government? No units, no rounding. Your Answer: Your Answer Question 4 (1 point) Suppose that in a perfectly competitive market, demand is given by Q-75.0-P and supply is given by Q-P-26.0. The government imposes a per-unit excise tax...
Question 4 (1 point) Suppose that in a perfectly competitive market, demand is given by Q-69.0-P...

Question 4 (1 point) Suppose that in a perfectly competitive market, demand is given by Q-69.0-P and supply is given by Q=P-20.0. The government imposes a per-unit excise tax of $1 on the good. What is consumer surplus after that tax is imposed? No units, no rounding. Your Answer: Your Answer
Question 4 (1 point) Suppose that in a perfectly competitive market, demand is given by Q=78.0-P...

Question 4 (1 point) Suppose that in a perfectly competitive market, demand is given by Q=78.0-P and supply is given by Q=P-30.0. The government imposes a per-unit excise tax of $1 on the good. What is consumer surplus after that tax is imposed? No units, no rounding. Your Answer: Your Answer

Questiul 5 (1 PUIL) Suppose that in a perfectly competitive market, demand is given by Q=70.0-P...

Questiul 5 (1 PUIL) Suppose that in a perfectly competitive market, demand is given by Q=70.0-P and supply is given by Q=P-14.0. The government imposes a per-unit excise tax of $1 on the good. What is producer surplus after the tax is imposed? No units, no rounding. Your Answer: Your Answer
Question 3 (1 point) Suppose that in a perfectly competitive market, demand is given by Q=88.0-P...

Question 3 (1 point) Suppose that in a perfectly competitive market, demand is given by Q=88.0-P and supply is given by Q=P-20.0. The government imposes a per-unit excise tax of $1 on the good. What is the tax revenue collected by the government? No units, no rounding. Your Answer: Your Answer
Question 1 (1 point) Suppose that in a perfectly competitive market, demand is given by Q=54.0-P...

Question 1 (1 point) Suppose that in a perfectly competitive market, demand is given by Q=54.0-P and supply is given by Q=P-36.0. What is aggregate surplus in the competitive market equilibrium? No units, no rounding. Your Answer: Your Answer View hint for Question 1 Question 2 (1 point) Suppose that in a perfectly competitive market, demand is given by Q=71.0-P and supply is given by Q=P-31.0. The government imposes a per-unit excise tax of $1 on the good. What is...

Question 3 (1 point) Suppose that in a perfectly competitive market, demand is given by Q=90.0-P and supply is given by...

Question 3 (1 point) Suppose that in a perfectly competitive market, demand is given by Q=90.0-P and supply is given by Q=P-20.0. The government imposes a per-unit excise tax of $1 on the good. What is the tax revenue collected by the government? No units, no rounding. Your Answer: Your Answer
Question 2 (1 point) Suppose that in a perfectly competitive market, demand is given by Q=72.0-P...

Question 2 (1 point) Suppose that in a perfectly competitive market, demand is given by Q=72.0-P and supply is given by Q=P-16.0. The government imposes a per-unit excise tax of $1 on the good. What is the dead-weight loss? No units, no rounding. Your Answer: Your Answer
Suppose that in a perfectly competitive market, demand is given by Q=59.0-P and supply is given...

Suppose that in a perfectly competitive market, demand is given by Q=59.0-P and supply is given by Q=P-28.0. The government imposes a per-unit excise tax of $1 on the good. What is consumer surplus after that tax is imposed? No units, no rounding.

Suppose that in a perfectly competitive market, demand is given by Q=58.0-P and supply is given...

Suppose that in a perfectly competitive market, demand is given by Q=58.0-P and supply is given by Q=P-27.0. The government imposes a per-unit excise tax of $1 on the good. What is producer surplus after the tax is imposed? No units, no rounding.