Determine what is the new price and qauntity of gass

Assignment Help Econometrics

Reference no: EM13236710

Consider the market for gasoline. In the initial equilibrium, the price is $2.00 per gallon and the quantity is 100 million gallons. The price elasticity of demand is 0.70, and the price elasticity of supply is 1.0. Suppose a carbon tax shifts the supply curve upward by $0.34 and to the left by 17 percent.

what is the new price and qauntity of gass

Reference no: EM13236710

Questions Cloud

Determine what is the cost of extra minute for each provider : $120 per month for cell phone service,other service $1 per minute . QD=150-50ρ, where ρ is the price of a minute a. what the cost of extra minute for each provider. b.how many minute uses with each provider.

What is the rocket''s velocity : A rocket is fired straight upward from rest with an acceleratrion of 5 m/s^2. It maintains acceleration until it is 1300 m above the ground, What is the Rocket's velocity, Find the total amound of time the rocket is in the air

Define the balloon ascends to an altitude : The balloon ascends to an altitude of 20 , where the pressure is 76.0 and the temperature is 50. . What is the new volume, , of the balloon in liters, assuming it doesn't break or leak

What is the change in clean springs profit-maximizing levels : Suppose the Clean Springs Water Company has a monopoly on bottled water sales in California. If the price of tap water increases, what is the change in Clean Springs profit-maximizing levels of output, price, and profit

Determine what is the new price and qauntity of gass : Consider the market for gasoline. In the initial equilibrium, the price is $2.00 per gallon and the quantity is 100 million gallons. The price elasticity of demand is 0.70, and the price elasticity of supply is 1.0.

Define ammonia can be made by reacting calcium cyanamide : Ammonia can be made by reacting calcium cyanamide (CaCN2) with water as shown: CaCN2 + 3 H2O => CaCO3 + 2 NH3. How many grams of calcium cyanamide are required to react with 417.8 g of water

Is the company allocating resources efficiently : A survey performed by a major research organization indicated that businesses are wary of current economic conditions and are now restoring to electronic media, such as the Internet and the telephone, to transact business.

Compute the coefficient of variation of the number : What is the standard deviation of the number of service calls and compute the coefficient of variation of the number of service calls.

Explain how many grams of water are required to react : Ammonia can be made by reacting calcium cyanamide (CaCN2) with water as shown: CaCN2 + 3 H2O => CaCO3 + 2 NH3. How many grams of water are required to react with 212.9 g of calcium cyanamide

User Account

All Pages