Question
In all the problems: graph, find the equilibrium values, equilibrium after taxes, collection, welfare loss,% paid by producer,% paid by consumer and if S or
In all the problems: graph, find the equilibrium values, equilibrium after taxes, collection, welfare loss,% paid by producer,% paid by consumer and if S or D is more elastic.
1. Q = 390-45P; Q = 33P Tax per unit sold = 3 dollars
2. Q = 837-37P; Q = 56P Tax per unit purchased = 30%
3. Q = 186-14P; Q = 17P Tax per unit sold = 2 dollars
4. Q = 87-7P; Q = 5P tax per unit sold = 0.3 dollars
5. Q = 696-30P; Q = 28P subsidy per unit sold = 12 dollars
6. Q = 363-13P; Q = 20P subsidy per unit sold = 5%
7. Q = 363-13P; Q = 20P subsidy per unit purchased = 5 dollars
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