1. Demand curve: P = $100 – 2Q
Supply curve: P = $10 + 4Q
If a tax of $30 per unit is imposed in this market, the dollar price paid by buyers will be:
(show the math)
a. 10 b. 20 c. 40 d. 60 e. 80
Pd=Price
paid by consumers
Ps=Price recreived by suppliers
t=tax
Pd=80
Answer-E
2. Suppose the demand and supply of a good are given as P = 80 - 2Q and P=20 + 4Q (a) Calculate the equilibrium price and quantity, algebraically. (b) Suppose a per unit tax of $12.00 is levied on sellers, show graphically the effect of this per unit tax on the equilibrium price and quantity if any in the market.
If the inverse demand curve for a good is given by P = 100 – 4Q, the price elasticity of demand is elastic at a price of _____ and inelastic at a price of _____. $55; $35 $35; $30 $60; $50 $40; $60
Demand: P = 50 - 4Q Supply: P = 2 + 2Q what is the equilibrium price and quantity
2. Suppose the demand and supply of a good are given as P = 80 - 2Q and P=20 + 40 (a) Calculate the equilibrium price and quantity, algebraically. (b) Suppose a per unit tax of $12.00 is levied on sellers, show graphically the effect of this per unit tax on the equilibrium price and quantity if any in the market.
Question 1: In a perfectly competitive market, the demand curve is given as: Q=100-5P, the supply curve is given as Q=3P-12. Compute the total social surplus of this market. If the government impose a tax on the producers, and the tax rate is $2 per unit produced. What is the deadweight loss? If the government impose a tax on the consumers, and the tax rate is $2 per unit purchased, graphically show the change in the market equilibrium and the...
Suppose the demand for a product is given by P = 30 – 2Q. Also, the supply is given by P = 5 + 3Q. If a $5 per-unit excise tax is levied on the buyers of a good, after the tax, the total amount of tax paid by the producers is
ASAP please
2. Suppose the demand and supply of a good are given as P = 80 - 20 and P=20 + 4Q (a) Calculate the equilibrium price and quantity, algebraically. (b) Suppose a per unit tax of $12.00 is levied on sellers, show graphically the effect of this per unit tax on the equilibrium price and quantity if any in the market.
1. The market for a product has inverse demand and supply functions given by p=290 - 20, and p = 10 + 1.5Q, e. Suppose the state government levies a tax of $45 on each unit sold, imposed on the sellers. Draw the new Supply curve on (c) and label it S2. Write out the new Supply equation and find the new after-tax equilibrium quantity traded in the market. What is the price that consumers pay on the market (Pc)....
Demand curve: P = 30 – Q Supply curve: P = 2Q Calculate the equilibrium quantity and price.
The supply curve for T-shirts is given by the equation P = 8Q+2. The demand curve is given by the equation P =40-5Q. At a price to buyers of $20/shirt, 1)how much of a surplus or a shortage will there be? 2)At a price to buyers of $12/shirt, how much of a surplus or a shortage will there be? 3) Suppose that the government imposes a sales tax of $15 per T-shirt. What is the market price for the buyer?...