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Demand and supply diagram and equilibrium in market-yacht

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Reference no: EM132617812

Suppose, the President proposed a tax of $20,000 who purchase a new yacht. Suppose you are writing a report on that. You want to include the answer of three question in that report:

1. Demand and supply diagram and equilibrium in the market for yacht.

2. How $20,000 tax per yacht will affect the consumer?

3. Do you think labor unions will support the tax? (Because you think without the support of the employees from Labor Union Congress will not get enough vote to pass the proposal). Explain

Reference no: EM132617812

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