need answer as a assignment right now please, Microeconomics

Assignment Help:
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?

Related Discussions:- need answer as a assignment right now please

Lemon market question, buyers cannot tell whether any given car is a lemon....

buyers cannot tell whether any given car is a lemon. The percent of all cars that are lemons is theta. How much is theta when all cars offered are sold?

Detenninants of foreignstrategy towards fdi, Instructions to Students 1...

Instructions to Students 1. Answer all the questions, using economic models where appropriate. Begin a question on a new page. 2. Please attach a copy of the assignment cove

Explain and illustrate the concept of opportunity cost, Question 1: (a)...

Question 1: (a) Discuss the adjustment to an increase in demand for a perfectly competitive market in the: (i) Short run (ii) Long run (b) How would the same industry

Subject matter of economics, Ask factor affects elasticity of demandquestio...

Ask factor affects elasticity of demandquestion #Minimum 100 words accepted#

Forms of globalization, Globalization: A generalized historical process by ...

Globalization: A generalized historical process by which more economic activity occurs across national borders. Forms of globalization include international trade (imports and expo

Oligopoly, large firms charge the price which is higher than the small firm...

large firms charge the price which is higher than the small firms, contruct the diagram

Elasticity, why is elasticity important for beachfronf properties

why is elasticity important for beachfronf properties

Describe the trade triangles, Steel and aluminum production Steel Canada 50...

Steel and aluminum production Steel Canada 500, France 1200 Aluminum Canada 1500, France 800 The maximum amount of steel or aluminum that Canada and France can produce if they full

Law of supply, what is the importance of law of supply

what is the importance of law of supply

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd