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Q: Given: Qd = 240 - 5P Qs = P Where Qd is the quantity demanded, Qs is the quantity supplied and P…
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Q: Given the following information Qd = 240 - 5P Qs = P Where Qd is the quantity demanded, Qs is the…
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Q: Given: Qd = 240 - 5P Qs = P Where Qd is the quantity demanded, Qs is the quantity supplied and P…
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- assuming interest rates of 5% per annum? (b) The demand and supply functions of a good are given by 4P =-Qd+ 102 5P Q+ 6 where P, Qd, and Q, denote the price, quantity demanded, and quantity supplied, respectively. (i) Determine the equilibrium price and quantity. (i) Determine the effect on the market equilibrium if the government decides to impose a fixed tax of GH¢9 on each good. Who pays the tax?what would be the pros and cons of imposing a price ceiling in the United States because of covid-19?Question 2g Given the following information QD = 240 – 5P QS = P where QD is the quantity demanded, QS is the quantity supplied and P is the price. Suppose that the government decides to impose a tax of $12 per unit on sellers in this market. Determine: Tax revenue ENTER FINAL ANSWER ONLY AS NEAREST WHOLE NUMBER. NO WORKINGS Answer:
- Assume supply of a rice: QS = 1800 + 240P, 1981 Demand for rice: QD = 3550 - 266P.What is the market clearing price? Assume now that government wants to support a priceof $3.60/kg and thus buys the additional amount from the market. Find the change inconsumer surplus, cost to the government and gain of the producer. Instead of pricesupport if government gives a supply restriction of 1500 kg what would happen?Solve only when you know 100% correct solution. (Question #4: Given the demand and supply system: Pb = 58 - 5 Qb & Pv = 2 + 2 QvHow much will the quantity supplied change if sellers pay an excise of T^ = 4 ?When the price is 10 TL for each pack of cookies, the supply is 250 thousand and the demand is 120 thousand boxes.When the price is 9,5 TL for each pack of cookies, the supply is 200 thousand and the demand is 240 thousand boxes. Since the price-demand and supply-demand equations are linear; Find and interpret the market equilibrium point after-tax if the consumer is taxed at a rate of 0,75 TL per product.
- Solve when you know correct solution Q)Given the demand and supply system: Pb = 58 - 5 Qb & Pv = 2 + 2 QvHow much will the quantity supplied change if sellers pay an excise of T^ = 4 ?The annual demand for liquor in a certain state is given by the following equation: QD=500.000-20.000P where Pis the price per gallon and QD is the quantity of gallons demanded per year. The supply of liquor is given by the equation Qs=30.000P. Now assume that a unit tax of 1$ is levied on the sellers of the commodity (i.e. statutory incidence is on the producers). (e) What is the government's tax revenue? (f) Determine how much of the total tax is actually paid by th (g) Determine how much of this total tax is actually paid by t (h) Compute the social welfare loss(i.e., dead-weight loss) tax.(30%) (page 5 of 6) - Profile 1 - Microsoft Edge =://2023.tle.courses.open.uwi.edu/mod/quiz/attempt.php?attempt=12768&page=4&cmid=37072 The Learning Exchange 2023 Suppose now that the government decides to increase the number of quotas available to 72 units, but it keeps the price support at the current level of $72. (HINT: Sketch the supply and demand equations.) d) Calculate (1) the consumer surplus, 529 (ii) the producer surplus, 506 (iii) deadweight loss (use 2 decimal places), 88.02 (e) Which of the two options would the producers prefer? Option 1 + (f) Which of the two options would be preferred by society? Option 1
- ): Let the demand and supply of video game consoles be given by: Qd = 250 0.5P and QS = -50+P If the government contemplates instating a national program called FamBond, and you as the economic adviser to the government, are mandated to evaluate the social impact of two alternatives to the program: i. Imposing an excise tax on video consoles of OMR150 per unit, or ii. Enforcing a price floor of OMR300 in the market for video game consoles. a. Which policy alternative would you recommend the government should adopt? (Hint: build your answer on the alternatives' net impact on the social surplus). b. What is the marginal cost of public funds for policy alternative i above?When the price is 10 TL for each pack of cookies, the supply is 250 thousand and the demand is 120 thousand boxes. When the price is 9,5 TL for each pack of cookies, the supply is 200 thousand and the demand is 240 thousand boxes. Since the price-demand and supply-demand equations are linear; Calculate the producer and consumer annuity and find and interpret the market equilibrium point after-tax if the consumer is taxed at a rate of 0,75 TL per product.INEN Practice similar < Previous Consider the following demand and supply functions. Demand: D(p) = q = 182 – 12p and Supply: S(p) = q = 45 + 14p a.) Assume there are no taxes imposed. Find the equilibrium price and quantity. Equilibrium Price (Round your answer to the nearest cent) Equilibrium Quantity (Round your answer to the nearest whole number) b.) Assume there is a 15% tax on the consumer, find the new equilibrium price and quantity. New equilibrium price (Round your answer to thể nearest cent) Equilibrium Quantity (Round your answer to the nearest whole number) c.) What portion of the tax is paid by the consumer? (Round to the nearest cent) d.) What portion of the tax is paid by the producer? (Round to the nearest cent) e.) What is the total tax is paid to the government? (Round to the nearest cent) 33) Submit answer MacBook Air DII 888 F3 & 23 3 5 7 E R Y G C V B command option .... V - の 00 JO