need answer as a assignment right now please, Microeconomics

Assignment Help:

Consider what would happen if a taxes of 10000$ was imposed on imported automobiles on dealers.Using a demand and supply diagram, show its impact of price and quantity. Suppose the demand for automobiles is very elastic.Explain using diagram the impact of the tax, on buyers and automobiles dealers.Given that demand is elastic, do you think this taxation policy will help to reduce traffic on roads?Will it raise higher government revenue?Why would you think demand for automobiles is elastic?

Related Discussions:- need answer as a assignment right now please

Assignment, is south africa''s economic system now more allocative efficien...

is south africa''s economic system now more allocative efficient

Summary of common property resource management , Normal 0 false...

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

What do you meant by deficit, Q. What do you meant by Deficit? Deficit:...

Q. What do you meant by Deficit? Deficit: When a business, government or household spends more in a given period of time than they generate in income, they suffer a deficit. A

Snob Effect, What is snob effect

What is snob effect

Define debt, Q. Define Debt? Debt:Total amount of money owed by a compa...

Q. Define Debt? Debt:Total amount of money owed by a company, individual or other organization to banks or other lenders is their debt. It represents accumulated total of past

Market price of pine sol, 1. Clorox lowers the price of its GreenWorks TM ...

1. Clorox lowers the price of its GreenWorks TM bathroom cleaner. All other things remaining the same, choose how you think this will impact the market price of Pine-Sol. (Circl

Why the productivity growth slowdown of america in 1973, The Productivity G...

The Productivity Growth Slowdown However in 1973 steady trend of climbing rates of productivity growth stopped cold. Between 1973 and 1995 measured growth in output per worker

Demand and supply, discuss and illustrates the following terms with diagra...

discuss and illustrates the following terms with diagrams1.inferior goods.2.normal goods,3.giffen goods

Is it possible for a firm to be price taker and price maker, Is it possible...

Is it possible for a firm to be both Price taker and price maker? A firm can either be a price taker or a price maker. It cannot be price maker and price taker at the similar

Perform an economic feasibility study, Question: You are required to pe...

Question: You are required to perform an economic feasibility study for a project involving the setting up of an information system in a company. The table below summarises th

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages