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10 Nov 2019
Help Please
I already did A, just need B C and D
The demand and supply curves for a product are given in terms of price, p , by Find the equilibrium price and quantity. The equilibrium price is 100 and the equilibrium quantity is 600 units. A specific tax of $ 15 per unit is imposed on suppliers. Find the new equilibrium price and quantity. The new equilibrium price (including tax) is $ 600 and the new equilibrium quantity is 85 units. How much of the $ 15 tax is paid by consumers and how much by producers? The tax paid by the consumer the tax. 9000, and the tax paid by the producer is $ of the tax What is the total tax revenue received by the government? The total tax revenue received by the government is $ 9000.
Help Please
I already did A, just need B C and D
The demand and supply curves for a product are given in terms of price, p , by Find the equilibrium price and quantity. The equilibrium price is 100 and the equilibrium quantity is 600 units. A specific tax of $ 15 per unit is imposed on suppliers. Find the new equilibrium price and quantity. The new equilibrium price (including tax) is $ 600 and the new equilibrium quantity is 85 units. How much of the $ 15 tax is paid by consumers and how much by producers? The tax paid by the consumer the tax. 9000, and the tax paid by the producer is $ of the tax What is the total tax revenue received by the government? The total tax revenue received by the government is $ 9000.
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7 Nov 2023