Derive market equilibrium and illustrate it graphically, Microeconomics

Market demand and supply of a good is shown by QB = 2,160 - 180P and QS = -2400 + 300P where QD, QS and P stand for quantity demanded, quantity supplied and price respectively.

(a) derive market equilibrium and illustrate it graphically.
(b) Derive the market equilibrium in the presence of a unit tax of $4 and illustrate the after-tax market equilibrium graphically.
Posted Date: 8/18/2012 6:06:50 PM | Location : United States







Related Discussions:- Derive market equilibrium and illustrate it graphically, Assignment Help, Ask Question on Derive market equilibrium and illustrate it graphically, Get Answer, Expert's Help, Derive market equilibrium and illustrate it graphically Discussions

Write discussion on Derive market equilibrium and illustrate it graphically
Your posts are moderated
Related Questions

Problem 1: Any development strategy should put people first; indeed, its very effectiveness should be measured in terms of how it impacts the poor. (a) Describe the link bet



Surplus: Anysector or agent in economy (business, householdor government) experiences a surplus when its income surpasses its expenditure. Surplus, Economic: For the economy

Problem 1: The last half-century has witnessed major changes in the role that governments of developing countries have played, especially in terms of public spending. (a) Ex

COMBINED FINANCES OF UNION AND STATES: Taxes on goods and services are levied in India in various forms and at different levels of Government, Centre, states, and local bodies

Structure of the IMF: The Central office of the IMF is in Washington DC, USA. It has 184 members. It is affiliated to the UNO. The highest authority of the IMF is the Board of

Preference to Non-debt Creating Capital Flows: The most important element of strategy has been the paradigm shift in the attitude towards inflow of capital from abroad. Capit

Ask qu a.Fill in the column of marginal products. What pattern do you see? How might you explain it? b. A worker costs $30 per day and the ''Firm has fixed costs of $10. Use this