how to get the answers, Microeconomics

Assignment Help:
#. The following information applies to the market for a particular items in the absence of a unit excise tax:


Price($ per unit) Quantity Supplied Quantity Demanded
4 50 200
5 75 175
6 100 150
7 125 125
8 150 100
9 175 75


a.According to the information above, in the absence of a unit excise tax, what is the market price? What is the equilibrium quantity?.
b.Suppose that the government decides to subject producers of this item to a unit excise tax equal to $2 per unit sold. What is the new market price? What is the new equilibrium quantity?
c.What portion of the tax is paid by producers? What portion of the tax is paid by consumers? question..

Related Discussions:- how to get the answers

Demand and supply components of the sector, The objective of the Government...

The objective of the Government of Mauritius, as announced in the Budget Speech 2007/2008, is to target 2 million tourists by 2015. (a) Critically assess whether the target of

Natural research, Biochemistry is regarded a dull topic. Not many learners ...

Biochemistry is regarded a dull topic. Not many learners like to research it in school since it includes a thorough comprehension of issue and clinical changes in the framework, fr

Perceived value pricing, Perceived Value Pricing This refers to a prici...

Perceived Value Pricing This refers to a pricing strategy that dictates that the price of a given item will be set based on the customer's perception of the value of that item

Macroeconomics, Real and nominal GDP, GNP, and Intrest rates, Stock & flow...

Real and nominal GDP, GNP, and Intrest rates, Stock & flow variables, Disinflation, Inflation rates, unemployement rates, labor force, participation rate, output per person, GDP d

Decolonialisation of the developing world, Normal 0 false fal...

Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4

Revealed preference theory, discuss the revealed preference theory of consu...

discuss the revealed preference theory of consumer behaviour

PPC help, I don''t understand PPC at all

I don''t understand PPC at all

Trade policy, TRADE policy: The well known economist D. H. Robertson h...

TRADE policy: The well known economist D. H. Robertson has immortalized the role of trade in development with his famous statement that "trade is an engine of growth". The pol

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