need anser, Microeconomics

Consider what would happen if a taxes of 10000$ was imposed on imported automobiles on dealers.Using a demand and supply diagram, show its impact of price and quantity. Suppose the demand for automobiles is very elastic.Explain using diagram the impact of the tax, on buyers and automobiles dealers.Given that demand is elastic, do you think this taxation policy will help to reduce traffic on roads?Will it raise higher government revenue?Why would you think demand for automobiles is elastic?
Posted Date: 11/6/2012 3:33:52 PM | Location : Bangladesh







Related Discussions:- need anser, Assignment Help, Ask Question on need anser, Get Answer, Expert's Help, need anser Discussions

Write discussion on need anser
Your posts are moderated
Related Questions
The Acme Bakery in the seaside resort town of Malvino sells freshly baked bread to two categories of consumers: residents of the town and tourists. The weekly demand from touris


characteristics and models of oligopoly by Sweezy,cournot and edgework

If demand goes down what happens to the equilibrium?

Explain about the content of factor markets and the distribution of income. Content of factor markets and the distribution of income: a. Factor distribution of income b.

Q. Can you explain Cost benefit analysis? A term used to explain analysis, which seeks to quantify in money terms as many of the costs and benefits of a policy or project as po

Strictly give the diff. btw the theory of reciprocal demand & theory of comparative advantage

What is the difference between Price inflation and Wage Inflation?  Price inflation is the rate of enhance in the prices of goods and services whereas the wage inflation is ra

How many half-lives are required for the concentration of reactant to decrease to 1.56% of its original value?

Pensions: Pension benefits are paid to individuals who have retired from active employment, in order to support themselves in last years of their lives. Pension programs can be spo