Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

At the price of apples of IDR 13,000 per kg, the demand for these apples is 400 kg, but at when the price of apples

image text in transcribed
image text in transcribed
At the price of apples of IDR 13,000 per kg, the demand for these apples is 400 kg, but at when the price of apples increases to IDR 15,000 per kg, the demand for apples will decrease 300 Kg, In this condition, the producer sells 800 kg of apples at a price of IDR 10,000. Because it is not yet the harvest season, the producers increase the selling price by the price IDR 11.000,- with the amount sold as much as 1000 kg 1. What is the demand function and the supply function? 2. What is the price and quantity at equilibrium? 3. If a tax of IDR 5,000 is imposed, what is the price and amount per unit? new balance? 4. If a subsidy of IDR 3,000,- what is the price and quantity on balance new Note: Rounding off two destruction after the comma

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistics For The Behavioral Sciences

Authors: Frederick J Gravetter, Larry B. Wallnau

9th Edition

1111830991, 978-1111830991

Students also viewed these Economics questions