Question
QD=D(P)=5P^-2 QS =S(P)=1280P^2 Using the equilibrium conditions, D(P *) = S(P* t) = Q, derive an equation for the effect of this tax on the
QD=D(P)=5P^-2
QS =S(P)=1280P^2
Using the equilibrium conditions, D(P *) = S(P* t) = Q, derive an equation for the effect of this tax on the equilibrium price of the elasticity of demand (ed) and the elasticity of supply (es).
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Global Business Today
Authors: Charles Hill
9th Edition
1259299201, 9781259299209
