4, If equilibrium is compatible with both buyers' and sellers' intentions how can an equilibrium lead...
4, If equilibrium is compatible with both buyers' and sellers' intentions how can an equilibrium lead to a "gap" and an undesirable economy? pleas answer it typing
Homework Answers
Equilibrium can lead to a gap or an undesirable economy in the case of market failure. In the case of market failure, the optimal output is different from the equilibrium output. For example, when there is a negative externality, the equilibrium output is higher than the socially optimal output. On the other hand, in the case of a positive externality, the equilibrium output is lower than the socially optimal output.
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4, If equilibrium is compatible with both buyers' and sellers'
intentions how can an equilibrium lead...
A tax imposed on the sellers of a good will a. raise both the price buyers...
A tax imposed on the sellers of a good will a. raise both the price buyers pay and the effective price sellers receive. b. raise the price buyers pay and lower the effective price sellers receive. c. lower the price buyers pay and raise the effective price sellers receive. d. lower both the price buyers pay and the effective price sellers receive. Part B. When studying how some event or policy affects a market, elasticity provides information on the a....
Discuss how supply and demand analysis reflects both the motivation of buyers and sellers for any...
Discuss how supply and demand analysis reflects both the motivation of buyers and sellers for any market.
How are the profiles of online buyers and sellers changing? In your opinion, what are some...
How are the profiles of online buyers and sellers changing? In your opinion, what are some of the strategic implications of these shifts to marketers (both online and traditional marketers)?
7. Effect of a tax on buyers and sellers Suppose the calculator illustrates the market for...
7. Effect of a tax on buyers and sellers Suppose the calculator illustrates the market for wine in the United States. The orange (upward-sloping) line represents the supply curve of wine, and the blue (downward-sloping) line represents the market demand. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. The market is initially in equilibrium. Then the government institutes a $11.60 per bottle tax...
The sale of illegal drugs has consequences for both sellers and buyers. However, legal penalties are...
The sale of illegal drugs has consequences for both sellers and buyers. However, legal penalties are generally imposed aggressively on the suppliers of drugs rather than on the demanders. Think about the impact these penalties likely have on supply and demand. Then, in your initial post to this discussion, address the following prompt based on what you’ve learned in this module about supply and demand: How might the effects of prohibiting drugs have been different had legal penalties been imposed...
Suppose there are 100 sellers, each offering one used car, and 200 buyers, each wanting one...
Suppose there are 100 sellers, each offering one used car, and 200 buyers, each wanting one used car. A used car could be of high or low quality. There are 50 high-quality cars and 50 low-quality cars. A high-quality used car is worth $10,000 to the buyer whereas a low-quality used car is worth $2,0000 to the buyer. A seller knows the car’s quality. (a) Suppose a buyer can observe the car’s quality. What is the buyer’s maximum willingness to...
How do I calculate price at equilibrium, quantity at equilibrium, and consumer surplus at equilibrium? Three...
How do I calculate price at equilibrium, quantity at
equilibrium, and consumer surplus at equilibrium? Three questions
essentially, please help! Thank you!
Participating in the market for a product are 12 consumers, each of whom will buy at most one unit of the good, and 11 suppliers, each of whom will sell at most one unit of the good. The distribution of buyer values is as follows: Buyer Value $1 Number of Buyers $3 4 $5 $9 3 The distribution...
consider a labor market experiment involving four buyers (firms) and four sellers (workers). Each firm seeks...
consider a labor market experiment involving four buyers (firms) and four sellers (workers). Each firm seeks to hire a single worker and each worker can work for a single firm. Each firm has a maximum revenue they can earn per worker hired. Each worker has a cost of working, which represents the value of his or her leisure time. Suppose the revenues from hiring a worker are $23, $15 and $21 and $17 for firms 1, 2, 3 and 4,...
with less than 50 words can you answer this question for me? How can you tell...
with less than 50 words can you answer this question for me?
How can you tell if the economy is in equilibrium? How could you estimate the GDP gap?
Can explain how to answer these questions? ་ ་ ་ ་ ་ །. ་ ་ ་...
Can explain how to answer these questions?
་ ་ ་ ་ ་ །. ་ ་ ་ ་ ་\D. ་ 431216 1. Before the tax is imposed, a. buyers pay $5 per unit. b. sellers receive $5 per unit. c. total revenue for sellers amounts to $50. d. All of the above are correct. 2. The amount of the tax per unit is a. $1.50. b. $2.00. c. $2.50. d. $3.00. 3. From the appearance of the graph, it is apparent...
7. Effect of a tax on buyers and sellers Suppose the calculator illustrates the market for wine in the United States. The orange (upward-sloping) line represents the supply curve of wine, and the blue (downward-sloping) line represents the market demand. Use the graph input tool to help you answer the following questions. You will not be graded on any changes you make to this graph. The market is initially in equilibrium. Then the government institutes a $11.60 per bottle tax...
How do I calculate price at equilibrium, quantity at
equilibrium, and consumer surplus at equilibrium? Three questions
essentially, please help! Thank you!
Participating in the market for a product are 12 consumers, each of whom will buy at most one unit of the good, and 11 suppliers, each of whom will sell at most one unit of the good. The distribution of buyer values is as follows: Buyer Value $1 Number of Buyers $3 4 $5 $9 3 The distribution...
with less than 50 words can you answer this question for me?
How can you tell if the economy is in equilibrium? How could you estimate the GDP gap?
Can explain how to answer these questions?
་ ་ ་ ་ ་ །. ་ ་ ་ ་ ་\D. ་ 431216 1. Before the tax is imposed, a. buyers pay $5 per unit. b. sellers receive $5 per unit. c. total revenue for sellers amounts to $50. d. All of the above are correct. 2. The amount of the tax per unit is a. $1.50. b. $2.00. c. $2.50. d. $3.00. 3. From the appearance of the graph, it is apparent...
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