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Question 4 The demand curve for ski lessons is given by Dodl = 100 2pd and the supply curve is given by 8(103) = 3103

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Question 4 The demand curve for ski lessons is given by Dodl = 100 2pd and the supply curve is given by 8(103) = 3103 Question 4 Part a \\Vhat is the equilibrium price and quantity levels? Question 4 Part I) A tax of $10 per ski lessons is imposed on consumers. 'What is the equilibrium price that. consumers pay now? How many classes would be demanded at. that price? Question 4 Part c A senator from a mountainous state suggests that although ski lesson consumers are rich and deserve to be taxed, ski instructors are poor and deserve a subsidy. He proposes a $6 subsidy on production while maintaining $10 tax on consump tion of ski lessons. \\Vould this policy have any different. effects for suppliers or for demanders than a tax of $4 per lesson

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