Draw a demand curve, Marketing Management

Suppose D1 represents the demand curve for paperback novels, D2 represents the demand curve for gasoline, S1 represents the supply curve for paperback novels and S2 represents the supply curve for gasoline. After the imposition of a $2 tax on paperback novels and on gasoline, the

a. sellers of gasoline bear a higher burden of the $2 tax than sellers of paperback novels.

b. buyers of gasoline bear a higher burden of the $2 tax than buyers of paperback novels.

c. buyers of gasoline bear an equal burden of the $2 tax as buyers of paperback novels.

d. Both a) and b) are correct.

the tax shifts up the supply curves as shown in red and blue.

the price for novels=6. so rise=6-5 =1

the price for gasoline=7, so rise=7-5 =2(approx)

Posted Date: 4/3/2013 3:22:01 AM | Location : United States







Related Discussions:- Draw a demand curve, Assignment Help, Ask Question on Draw a demand curve, Get Answer, Expert's Help, Draw a demand curve Discussions

Write discussion on Draw a demand curve
Your posts are moderated
Related Questions
what is test marketing ? explain the various approaches that are followed by FMCG companies in test marketing?

exblin the vireous functin of marekting management

1.) Cost Revenue Model: Roberto operates a delivery service in a large city. His start up cost amounted to $3900. He estimates that it costs him (in terms of gasoline, wear and tea

Problem 1: What role does copy play in a campaign? Why copy has to be written with great knowledge and skill. All relevant points required to be addressed from Unit 6 com


What is the wording of the Hawkins Best and Coneef about consumer behaviour? In words of the Hawkins Best and Coneef as, “The field of consumer behaviour is the learning of i

Question 1: Explain the various stages of the product cycle and explain why it is necessary to follow the procedures regarding this cycle. Question 2: (i) Explain the

1. what are the importans 2. For whom use marketing managment

Process of the positioning: Step 1: competitor's identification: this step requires broad thinking. Competitors may not be just those, whose products and or brands fall into

detail note on pricing strategies of any product