Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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

Elements of Electromagnetics

Authors: Matthew

3rd Edition

019513477X, 978-0195134773

Students also viewed these Economics questions