Draw a demand curve, Marketing Management

Assignment Help:

Suppose D1 represents the demand curve for paperback novels, D2 represents the demand curve for gasoline, S1 represents the supply curve for paperback novels and S2 represents the supply curve for gasoline. After the imposition of a $2 tax on paperback novels and on gasoline, the

a. sellers of gasoline bear a higher burden of the $2 tax than sellers of paperback novels.

b. buyers of gasoline bear a higher burden of the $2 tax than buyers of paperback novels.

c. buyers of gasoline bear an equal burden of the $2 tax as buyers of paperback novels.

d. Both a) and b) are correct.

the tax shifts up the supply curves as shown in red and blue.

the price for novels=6. so rise=6-5 =1

the price for gasoline=7, so rise=7-5 =2(approx)


Related Discussions:- Draw a demand curve

Advertising and advertising frequency, Adver tising Advertising ad...

Adver tising Advertising added any printed or broadcast message sent and paid for by a recognized organization to a goal market via television, radio, newspapers, magazine

Sales and Marketing, Demonstrate your understanding of the principles of ma...

Demonstrate your understanding of the principles of marketing by illustrating the motivation behind energy drink consumers.

Describe about the sales promotion tool, Describe about the Sales promotion...

Describe about the Sales promotion tool Advertising and sales promotion are tools which allow for a high level of control by the sponsor while public relations, and publicity in

Importance of place - marketing mix, Importance of Place Goods are prod...

Importance of Place Goods are produced to be sold to the consumers. They should be made available to the consumers at a place where they can conveniently make purchase. It is e

Explain the concept of dominant coalitions, (a) Find the main external forc...

(a) Find the main external forces triggering the need for organizational change. Pick three and discuss how they might necessitate behavioral change on the part of organization's e

Service marketing, explain service marketing and give a company''s example?...

explain service marketing and give a company''s example?

Conditional probability, Two events A and B are said to be dependent when  ...

Two events A and B are said to be dependent when  B  can occur only when A is known to have occurred (or vice versa). The probability attached to such an event is called the condit

Explain different levels of the term product, Question 1: A room at Mar...

Question 1: A room at Marriott in Vienna, Mc Donald`s French fries, a vacation package in Bali are all products. a) Show with relevant examples the different levels of the t

Down market stretch, what are famous examples of down-market stretching don...

what are famous examples of down-market stretching done by large companies?

Maslow or herzberg relates to cm8''s modular teams, X began his engineering...

X began his engineering apprenticeship with CM8 manufacturing ten years ago before moving abroad to work for other companies. He has now returned to work for CM8 as Operations Mana

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