If Pd = 100 - Qd and Ps = 0.25Qs
* determine the equilibrium quantity and price?
* Suppose the ad valorem tax of 10% is imposed on buyers of the wine,
graphically sketch the behavior of the demand and supply curves.
* what is the new equilibrium price and quantity?
* what is the price that buyers pay and supplies get ?
* Also determine the tax revenue and tax incidence on the buyers and sellers
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
Comments
Leave a comment