Search
1. After levying tax on consumers, new supply and demand curve given as Qs=P. Qd=100-(P+T). (Qd stands for quantity demanded, Qs quantity supplies, P is price, T is tax on consumers.
What is unit tax amount T when maximizing government tax revenue?
Assume in a two-sector economy made up of agriculture and manufacturing, the government introduces a subsidy of y per hour on labour in the manufacturing sector. What will be the effect of the policy on the equilibrium wage, total employment as well as employment in agriculture and manufacturing?
You are a producer of instant noodles, and your research department has reported the price elasticity of demand for your product in the market is 0.5. You decide to increase the price from Rs. 10 to Rs. 12. What will be the new quantity demanded, which is currently 100,000 units?
1) Suppose that the market demand for Blue band is a straight line of the form Q = 300-50p where Q is the quantity bought in thousands of boxes per week and P is the price per box in.
If supply is inelastic will shift in demand have larger effect on equilibrium price or quantity??
If demand is elastic,will shifts in supply have a largereffect on equilibrium quantity or on price??
Wages of workers who pick coffee rose.At the same time the price of half and half decreases.How these events effect the market equilibrium price and quantity
Explain the law of deminshimg marginal utility with the help of a table and diagram
