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29 Sep 2019
The demand and supply functions for a good are given by the equation P=80-2Q and P=20+4Q respectively. A) Calculate the equilibrium price and quantity B) Calculate the consumer and producer surplus at Equilibrium.
The supplier pays an excise tax of 12 per unit sold. C) write down the equation for the supply function when the excise is imposed. D) Calculate the equilibrium price and quantity. E) Calculate the tax paid by (1) the consumer, (2) the producer
The demand and supply functions for a good are given by the equation P=80-2Q and P=20+4Q respectively. A) Calculate the equilibrium price and quantity B) Calculate the consumer and producer surplus at Equilibrium.
The supplier pays an excise tax of 12 per unit sold. C) write down the equation for the supply function when the excise is imposed. D) Calculate the equilibrium price and quantity. E) Calculate the tax paid by (1) the consumer, (2) the producer
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30 Mar 2023
13 Nov 2020
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