Determine the market equilibrium price and quantity

Reference no: EM13294841

The supply and demand functions for a generic brand of ink cartridge sold at staples are related by the equations
D: q=-6p+80 S: q=9p-40

where p represents the price in dollars for each ink cartridge and q represents the quantity of ink cartridges sold per day
a) determine the market equilibrium price and quantity
b) if customers are charged a 15% tax, determine the new demand function that relates q, the numberof ink cartridge demanded, to p, the before-tax price per cartridge
c)what would be the new demand function that relates q, the number of ink cartridges demanded, to p, the before-tax price per cartridge if in addition to the 15% tax, the government levied a recycling fee of $1.00 before tax per ink cartridge?
d) what would be the new market equilibrium price and quantity if in addition to the 15% tax the government levied a recycling fee of $1.00 after tax per ink cartridge?

Reference no: EM13294841

Questions Cloud

What is the limit on the leakage resitance for the capacitor : A 100-μF capacitor is initially charged to 100V. We want 90percent of the internal energy to remain after one minute. What is the limit on the leakage resitance for the capacitor.

What happens to the support force acting on the workers feet : consider a crate at rest on a factory floor. As the pair of workers start to lift it, What happens to the support force acting on the workers feet

Calculate the maximum torque on the wire : A wire is formed into a circle having a diameter of 10.9 cm and is placed in a uniform magnetic field of 3.17 mT. Find the maximum torque on the wire

Metric space has infinitely many distinct : Metric space has infinitely many distinct connected components - Is it possible (X,d) compact ? if yes ,give an example if no provide proof?

Determine the market equilibrium price and quantity : The supply and demand functions for a generic brand of ink cartridge sold at staples are related by the equations.

What is the standard frequency of the ac voltage generated : A)What is the standard frequency of the AC voltage generated and distributed by an electrical utility B)Explain the function of the prime mover in the generating process.

What is the radius of the droplet : An oil droplet with 10.0 excess electrons is observed between two parallel electrodes spaced 12.0 mm apart. What is the radius of the droplet

What is the present value of your prize before taxes : what is the present value of your prize before taxes if you request the "up front cash" to be received in 17 yearsif he had to wait until age 40 to receive the money.

Determine the average power consumed by this circuit : An ac generator with a frequency of 1.44kHz and an rms voltage of 24.2V is connected in series with a 2.10 kilo-ohm resistor, What is the average power consumed by this circuit

User Account

All Pages