Fill in the order form to get the price

Subject

Category

Deadline

Timezone:

Title *

Task *

{"ops":[{"insert":"\n    \n  \nThe demand and supply functions for three goods are given as follows:\nD"},{"attributes":{"script":"sub"},"insert":"x"},{"insert":"=100-3P"},{"attributes":{"script":"sub"},"insert":"x"},{"insert":"+P"},{"attributes":{"script":"sub"},"insert":"y"},{"insert":"+3P"},{"attributes":{"script":"sub"},"insert":"z"},{"insert":"\nD"},{"attributes":{"script":"sub"},"insert":"y"},{"insert":"=80 +P"},{"attributes":{"script":"sub"},"insert":"x"},{"insert":"-2P"},{"attributes":{"script":"sub"},"insert":"y"},{"insert":"-2P"},{"attributes":{"script":"sub"},"insert":"z"},{"insert":"\nD"},{"attributes":{"script":"sub"},"insert":"z"},{"insert":"=120+3P"},{"attributes":{"script":"sub"},"insert":"x"},{"insert":"-P"},{"attributes":{"script":"sub"},"insert":"y"},{"insert":"-4P"},{"attributes":{"script":"sub"},"insert":"z"},{"insert":"\nS"},{"attributes":{"script":"sub"},"insert":"x"},{"insert":"=-10+P"},{"attributes":{"script":"sub"},"insert":"x"},{"insert":"\nS"},{"attributes":{"script":"sub"},"insert":"y"},{"insert":"=-20=3P"},{"attributes":{"script":"sub"},"insert":"y"},{"insert":"\nS"},{"attributes":{"script":"sub"},"insert":"z"},{"insert":"=-3+2P"},{"attributes":{"script":"sub"},"insert":"z"},{"insert":"\nQ1: Determine the equilibrium prices and quantities of all three goods.\n\u00b7\u00a0\u00a0The government decides to:\na.\u00a0\u00a0Impose a 25% tax on X\nb.\u00a0\u00a0Impose a 5Rs unit Tax on Y\nc.\u00a0\u00a0Gives a 10% subsidy on good Z\n\u00b7\u00a0Analyze the impact of each of these three policies separately on equilibrium prices and Quantities.\n\u00b7\u00a0\u00a0Also calculate changes in consumer and producer surpluses and the amount of revenue earned by the government.\nQ2: Repeat this exercise when polices (a, b),(b,c) & (a, b,c) are jointly implemented. Which policy choice is best? Why?\nQ:3 Provide theoretical justification (using diagrams) of all results obtained.\n\u00a0\n"}]}

I need basic explanations

Special Requirements

Upload files (if required)

Drop files here to upload

Add files...

Account info

Already have an account?

Name *

E-mail *

Password *

The password must be at least 6 characters.

I agree with terms & conditions