demand function for product, Economics, Microeconomics

2. You are examining the effects of a specific tax of 10 cents imposed on the sales of a product that we shall call XYZ. To carry out your analysis, assume that the market is a perfectly competitive one. You are provided with the following data:

(1) Economists have estimated the demand function for product XYZ to be:

QD = 20 – 0.50 P

Where P is the price of the product (in cents) and QD is the quantity demanded (in thousands).
Posted Date: 2/1/2012 2:17:17 PM | Location : United States







Related Discussions:- demand function for product, Economics, Assignment Help, Ask Question on demand function for product, Economics, Get Answer, Expert's Help, demand function for product, Economics Discussions

Write discussion on demand function for product, Economics
Your posts are moderated
Related Questions
compare marginal rate of technical substitution and marginal rate of substitution

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Raise or Lower Tuition? Suppose that, in an attempt to raise more revenue, Nobody State University increases its tuition. Assess a raise in tuition and if it will necessarily res

You are examining the effects of a specific tax of 10 cents imposed on the sales of a product that we shall call XYZ. To carry out your analysis, assume that the market is a perfec

Contribution of Foreign Trade to Economic Development: Foreign trade contributes to economic development in a number of ways.  •  It provides flow of technology which al

optimal contracts under symmetric information

can average labor productivity fall even though total output is rising

Arbitrage Pricing Theor y Arbitrage defines the procedure of continuously buying a security for privacy, currency, or commodity on one market and selling it in another


What is the conditional mean: For every AR(1) model below: a. Do a three-period ahead forecasting using the given initial values and statistics.  Write a 95% confidence int