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Q19 (1 point). The table below shows the demand and supply schedules for peanuts. Suppose the...
not sure from my answers ^^ Q18 (1 point). The table below shows the demand and...
not sure from my answers ^^
Q18 (1 point). The table below shows the demand and supply schedules for peanuts. Suppose the government imposes a 12 cent tax on buyers and a 48 cent tax on sellers. What is the new equilibrium quantity sold? 40 60 оооо 80 100 P Demanded Q Supplied 20 4.00 140 4.10 130 40 4.20 120 60 110 80 4.30 4.40 100 100 90 120 4.50 4.60 80 140 70 4.70 4.80 160 180 60...
Q20 (1 point). The table below shows the demand and supply schedules for peanuts. Suppose the...
Q20 (1 point). The table below shows the demand and supply schedules for peanuts. Suppose the government imposes a 12 cent tax on buyers and a 48 cent tax on sellers. What is the price paid by each consumer? O 4.50 O 4.60 O 4.70 0 4.80 р Q Demanded Q Supplied 4.00 140 20 4.10 130 40 4.20 120 60 4.30 110 80 4.40 100 100 4.50 90 120 4.60 80 140 70 160 4.70 4.80 60 180 4.90...
.1. The table below shows the demand for and supply of rental housing in Windhoek. The...
.1. The table below shows the demand for and supply of rental housing in Windhoek. The city govemment is considering imposing a rent ceiling of NS700 a month. Help the government to analyze the effects of the proposed rent ceiling. dollars per month) (units per month units per month) 500 600 700 800 900 1,200 1,000 800 600 400 200 100 0 100 Draw the demand and supply curves. With no rent ceiling, what is the rent and how many...
please help 20 The demand and supply schedules for gum are in the table. Quantity Quantity...
please help
20 The demand and supply schedules for gum are in the table. Quantity Quantity Price demanded supplied (cents per pack) (millions of packs a week) 180 60 30 160 80 40 140 50 120 120 100 140 80 160 80 60 180 100 60 70 a. Suppose that the price of gum is 70¢ a pack. Describe the situation in the gum market and explain how the price adjusts b. Suppose that the price of gum is 30€...
on 10 of 10 > Consider the supply and demand schedules for calzones at a local...
on 10 of 10 > Consider the supply and demand schedules for calzones at a local pizzeria. Use the information in the schedules to answer the five questions. Demand Price (P) Quantity (Q) $13 S12 S11 SIO 59 $8 $7 56 55 54 20 40 60 80 100 120 140 160 180 20 Supply Price (P) Quantity (0 $4 55 56 57 $8 89 $10 SL $12 $13 20 30 40 50 60 70 80 90 100 110 What is...
consider the following supply and demand schedules for steel Price ($/ton) Quantity demanded Quantity supplied Quantity...
consider the following supply and demand schedules for steel Price ($/ton) Quantity demanded Quantity supplied Quantity supplied (accounting for Social Cost) 0 160 0 ? 20 140 20 ? 40 120 40 ? 60 100 60 ? 80 80 80 ? 100 60 100 ? 120 40 120 ? 140 20 140 ? 160 0 160 ? 180 0 180 ? Pollution from steel production is estimated to create an external cost of $40 per ton. Based on this information...
The graph shows the market for tulips. Price (dollars per bunch) Draw a point at the...
The graph shows the market for tulips. Price (dollars per bunch) Draw a point at the equilibrium price and equilibrium quantity. Label it 1. Suppose that tulips are taxed $6 a bunch and that the tax is on the sellers of tulips. Draw a curve that shows the effect of the tax. Label it. Draw a point to indicate the price paid by buyers and the quantity bought. Label it 2. 114 Buyers pay $ of the tax and sellers...
The graph below shows the demand and supply of bungee jumps in Xtremeland. The government decides...
The graph below shows the demand and supply of bungee jumps in
Xtremeland. The government decides to impose an excise tax on
bungee jumps to help pay for the high number of back and neck
injuries. Use the graph to answers the questions below.What would the government's tax revenue be if it imposes a tax of
$80 on each jump?What would the government's tax revenue be if it imposes a tax of
$40 on each jump?What would the governments's tax...
2. Taxes and welfare Consider the market for mountain bikes. The following graph shows the demand...
2. Taxes and welfare Consider the market for mountain bikes. The following graph shows the demand and supply for mountain bikes before the government imposes any taxes. First, use the black point (plus symbol) to indicate the equilibrium price and quantity of mountain bikes in the absence of a tax. Then use the green point (triangle symbol) to shade the area representing total consumer surplus (CS) at the equilibrium price. Next, use the purple point (diamond symbol) to shade the...
Suppose the government is considering taxing cigarettes. Because it is often politically more popular to tax...
Suppose the government is considering taxing cigarettes. Because it is often politically more popular to tax the producers of cigarettes than the consumers of cigałettes, the government first considers the impact on the market as a result of taxing the producers of cigarettes. a. Draw the after-tax supply curve if the government chooses to tax cigarette producers $2.50 per pack of cigarettes Instructions: Use the tool provided (S2) to plot the after-tax supply curve. Place your endpoints at Q-0 and...
not sure from my answers ^^
Q18 (1 point). The table below shows the demand and supply schedules for peanuts. Suppose the government imposes a 12 cent tax on buyers and a 48 cent tax on sellers. What is the new equilibrium quantity sold? 40 60 оооо 80 100 P Demanded Q Supplied 20 4.00 140 4.10 130 40 4.20 120 60 110 80 4.30 4.40 100 100 90 120 4.50 4.60 80 140 70 4.70 4.80 160 180 60...
Q20 (1 point). The table below shows the demand and supply schedules for peanuts. Suppose the government imposes a 12 cent tax on buyers and a 48 cent tax on sellers. What is the price paid by each consumer? O 4.50 O 4.60 O 4.70 0 4.80 р Q Demanded Q Supplied 4.00 140 20 4.10 130 40 4.20 120 60 4.30 110 80 4.40 100 100 4.50 90 120 4.60 80 140 70 160 4.70 4.80 60 180 4.90...
.1. The table below shows the demand for and supply of rental housing in Windhoek. The city govemment is considering imposing a rent ceiling of NS700 a month. Help the government to analyze the effects of the proposed rent ceiling. dollars per month) (units per month units per month) 500 600 700 800 900 1,200 1,000 800 600 400 200 100 0 100 Draw the demand and supply curves. With no rent ceiling, what is the rent and how many...
please help
20 The demand and supply schedules for gum are in the table. Quantity Quantity Price demanded supplied (cents per pack) (millions of packs a week) 180 60 30 160 80 40 140 50 120 120 100 140 80 160 80 60 180 100 60 70 a. Suppose that the price of gum is 70¢ a pack. Describe the situation in the gum market and explain how the price adjusts b. Suppose that the price of gum is 30€...
on 10 of 10 > Consider the supply and demand schedules for calzones at a local pizzeria. Use the information in the schedules to answer the five questions. Demand Price (P) Quantity (Q) $13 S12 S11 SIO 59 $8 $7 56 55 54 20 40 60 80 100 120 140 160 180 20 Supply Price (P) Quantity (0 $4 55 56 57 $8 89 $10 SL $12 $13 20 30 40 50 60 70 80 90 100 110 What is...
The graph shows the market for tulips. Price (dollars per bunch) Draw a point at the equilibrium price and equilibrium quantity. Label it 1. Suppose that tulips are taxed $6 a bunch and that the tax is on the sellers of tulips. Draw a curve that shows the effect of the tax. Label it. Draw a point to indicate the price paid by buyers and the quantity bought. Label it 2. 114 Buyers pay $ of the tax and sellers...
The graph below shows the demand and supply of bungee jumps in
Xtremeland. The government decides to impose an excise tax on
bungee jumps to help pay for the high number of back and neck
injuries. Use the graph to answers the questions below.What would the government's tax revenue be if it imposes a tax of
$80 on each jump?What would the government's tax revenue be if it imposes a tax of
$40 on each jump?What would the governments's tax...
2. Taxes and welfare Consider the market for mountain bikes. The following graph shows the demand and supply for mountain bikes before the government imposes any taxes. First, use the black point (plus symbol) to indicate the equilibrium price and quantity of mountain bikes in the absence of a tax. Then use the green point (triangle symbol) to shade the area representing total consumer surplus (CS) at the equilibrium price. Next, use the purple point (diamond symbol) to shade the...
Suppose the government is considering taxing cigarettes. Because it is often politically more popular to tax the producers of cigarettes than the consumers of cigałettes, the government first considers the impact on the market as a result of taxing the producers of cigarettes. a. Draw the after-tax supply curve if the government chooses to tax cigarette producers $2.50 per pack of cigarettes Instructions: Use the tool provided (S2) to plot the after-tax supply curve. Place your endpoints at Q-0 and...
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