Equilibrium quantity of a market with a demand curve

Assignment Help Business Economics
Reference no: EM131399123

What is the equilibrium quantity of a market with a demand curve P = 10 - Q and a supply curve equalto P = 2 + 2Q? Now suppose a tax imposed on the seller of $2 per unit? Show or illustrate how this taxeffects resource allocation? Speculate regarding what might justify the allocation effect of the tax?

Reference no: EM131399123

Questions Cloud

What is an entrance-controlled loop : Which of C++'s repetition statements produce entrance-controlled loops?
Describing your selected first three geologic stops : Write a minimum 1050-word narrative (350 word for each stop), describing your selected first 3 geologic stops. In your summary, includes the following components.
The Sarbanes-Oxley Act : In the past decade, actions to protect consumers have increased. For example, the Sarbanes-Oxley Act of 2002 rose out of the Enron debacle; Edward Snowden, an ex-CIA computer technician, became a high profile "whistleblower" reporting U.S. surveillan..
Behavioural economics : Use of the term "behavioural economics" has been criticized on two accounts: redundancyand ambiguity. Briefly explain these two criticisms and determine whether they have anybearing on the merit of this line of economic study.
Equilibrium quantity of a market with a demand curve : What is the equilibrium quantity of a market with a demand curve P = 10 - Q and a supply curve equalto P = 2 + 2Q? Now suppose a tax imposed on the seller of $2 per unit? Show or illustrate how this taxeffects resource allocation? Speculate reg..
Calculates the total value of the hand : write a C++ program that accepts three card values as inputs (a 1 corresponding to an ace, a 2 corresponding to a two, and so on), calculates the total value of the hand, and displays the value of the three cards.
What is the geopolitical community in you live : What is the geopolitical community in you live? Why is it geopolitical?What is a phenomenological community to which you belong? Why is it a phenomenological community?What would some challenges and benefits be for community health nurses in providin..
How has linkedin changed the employment community : How has LinkedIn changed the employment community? How has it changed for the worse and how for the better? How common is professional appearance in real life situations. How can LinkedIn fail to your standards? Before computers how big of an effect ..
What means do they use to hedge against exchange rate risk : What means do they use to hedge against exchange rate risk - In terms of currency denomination, describe how the firm prices its revenues and costs.

Reviews

Write a Review

Business Economics Questions & Answers

  Consumption-investment-government purchases and net exports

For each of the following transactions, how much does US GDP increase? And how much, if at all, do consumption, investment, government purchases and net exports change? Peter Rich buys a 1928 painting by Pablo Picasso at an auction for $1 Million. In..

  Producers increase the quantity supplied to the market

Why this statement is wrong: "Economists claim that when the price of something goes up, producers increase the quantity supplied to the market. But last year, the price of oranges was really high and the supply of them was really low.

  Determine the potential demand for its products-services

In the international marketplace, countries are categorized based on their stages of development. A marketer needs to be clear on these categories in order to determine the potential demand for its products/services.

  Find out the ticket price that maximizes revenue

Find out the ticket price that maximizes revenue. Find the profit-maximizing expenditure on players and the profit-maximizing fraction of games to win.

  Calculate the quantity demanded at prices

The ABC marketing consulting firm found that a particular brand pf portable stereo has the following demand curve for a certain region: Q=10,000 - 200 P + 0,03 Pop + 0, 6 I + 0.2 A where is Q the quantity per month, P is price ($), Pop is population,..

  Basis of an internal rate of return analysis

A contractor is considering whether to buy or lease a new machine for her layout site work. Buying a new machine will cost $12,000 with a salvage value of #1200 after the machine's useful life of 8 years. On the basis of an internal rate of return an..

  Supply-side policy focus versus demand-side policy emphasis

Given our still currently high unemployment rate (by historical standards) and low inflation rate, argue "for or against" a Supply-Side policy focus versus a Demand-Side policy emphasis.

  Propose a taxable acquisition structure

Compare the long-term tax benefits and advantages of each type of reorganization, and recommend the type of reorganization that will be most beneficial to the client - Examine the value and limitations of including the ABC Corporation

  Keynes impact

Assessing the development of the discipline from today's perspective, how would Keynes's impact compare with that of your candidate.

  Discussed the macro effect of physician ratios

In class, we discussed the Macro effect of physician ratios in the United States. Compare and contrast the states with the highest and the lowest physician ratios. Explain how the standards of living change as each states ratio differs. Regarding the..

  Government imposes a ceilingprice of the firms product

If the government imposes a ceiling of $6 on the price of the firm's product, Illustrate what output will the firm produce also Illustrate what will be total profits.

  Explain in terms of the underlying economic meaning

Suppose that the supply curve for gold is very steep (positively sloped, but almost vertical). Would a $  T  tax tend to have a relatively large or a relatively small effect upon the quantity exchanged in the market? Would there tend to be a relative..

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