need answer as a assignment right now please, 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 3:32:37 PM | Location : Bangladesh







Related Discussions:- need answer as a assignment right now please, Assignment Help, Ask Question on need answer as a assignment right now please, Get Answer, Expert's Help, need answer as a assignment right now please Discussions

Write discussion on need answer as a assignment right now please
Your posts are moderated
Related Questions
Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

1. Define the concept of opportunity cost in your own words. Given an example from your own life of the opportunity cost of a decision (do NOT use classroom examples).  Explain why


Explain the difference between elastic and fixed supply

draw the supernormal curve

What is the difference between economics and business?  Economics is the study of how we, the people, engage ourselves in production, distribution and consumption of goods and

The Industrial Revolution The century after 1750, saw the industrial revolution proper: invention of steam engine, spinning jenny, power loom, hydraulic press, railroad locomot

Explain the difference between a change in quantity demanded and a change in demand. Change in quantity demanded" refers to movement with the demand curve.  For instance, if th

schedule and diagram of iso cost

determination of optimal solution mathematical presentation