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

What is niche marketing, What is Niche Marketing? Niche Marketing: ...

What is Niche Marketing? Niche Marketing: This Marketing is sometimes also termed as micromarketing. Marketers generally identify niche through dividing a segment within

Nature of the marketing, Nature of the marketing: 1.      Specialized ...

Nature of the marketing: 1.      Specialized business function: in the early days, the selling function did not call for any specialized skills as the sales could have been a

Elements of the external environmental context, The responsibility of the M...

The responsibility of the Marketing Communication Manager is to sense those elements that can not be strong now but which in the future may have an impact on the organization and

Product life cycle, Considering the concept of product life cycle, where wo...

Considering the concept of product life cycle, where would you put video games in their life cycle

Henry Assael Model, Explain Henry Assael Model of buying decision behaviour...

Explain Henry Assael Model of buying decision behaviour along with the diagram”.

Case Let 2, Ask questionThe rise of personal computers in the mid 1980s spu...

Ask questionThe rise of personal computers in the mid 1980s spurred interest in computer games. This caused a crash in home Video game market. Interest in Video games was rekindled

M.com, consumer mind is a black box discuss

consumer mind is a black box discuss

What are the advantages of licensing in marketing, What are the advantages ...

What are the advantages of licensing in marketing? Licensing comprises little involvement and expense. The simply cost is signing the policing and agreement its implementatio

Marketing plan for premium product, prepare a marketing plan for any select...

prepare a marketing plan for any selected premium or branded product. the product may be physical products, services,or places

Dbms, need requirements about supermarket dbms management system

need requirements about supermarket dbms management system

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