User Account

All Pages

Find equilibrium price and quantity and price elasticities

Assignment Help Finance Basics
Reference no: EM132498057

The demand for mineral water is P=10 - (2/3)Q and supply function for mineral water is P=1+(1/3)Q

a) Find the equilibrium price and quantity and Price elasticities of demand and supply.

b) Suppose a unit tax (t) is imposed on suppliers (t= 3TL). Find the new equilbirium.

c) Find the price that consumers pay and the price that producers get after the tax.

d) What is the burden of the tax on producers and consumers and explain how the tax burden is related to elasticities

Reference no: EM132498057

Questions Cloud

Prepare all the required journal entries : If Ophir Ltd. were not able to exercise significant influence over its investment in RO Inc. what other accounting choice(s) does it have to report
What is the principle strategy of an inclusive : What is the principle strategy of an inclusive (industrial) union in order to increase wages of its members?
Prepare a cash budget for the month of march : Prepare a cash budget for the month of March, including the budgeted cash receipts you computed for part a) above, cash outflows
Calculate green current production and total cost : Essential Sdn Bhd produces recycled garbage bag. Currently, they are using 8 units of capital and 20 workers. Payment for the capital is $25/unit
Find equilibrium price and quantity and price elasticities : The demand for mineral water is P=10 - (2/3)Q and supply function for mineral water is P=1+(1/3)Q
Preparing a statement of cash flows using indirect method : Preparing a statement of cash flows using the indirect method. Why are there two depreciation expenses? Do just add the $500?
Samuelson theory and the leontiff theory : What's the relationship between the stolper Samuelson theory and the leontiff theory of international trade?
CO4752 Web Technologies Assignment : CO4752 Web Technologies Assignment help and solution, University of Central Lancashire - assessment writing service - Understanding of multi-tier web
Optimal in the above mentioned economy : Assume an economy which has no government intervention and with only two individuals Mark and Tom who produce fish and sugarcane using the resources

Reviews

Write a Review

Finance Basics Questions & Answers

  Financial reporting and analysis

Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..

  A report on financial accounting

This report is specific for a core understanding for Financial Accounting and its relevant factors.

  Describe the types of financial ratios

Describe the types of financial ratios and other financial performance measures that are used during venture's successful life cycle.

  Differences between sole proprietorship and corporation

Briefly describe the major differences between a sole proprietorship and a corporation

  Prepare a cash budget statement

Calculate the expected value of the apartment in 20 years' time. What is the mortgage loan repayment at the beginning of each month

  What are the implied interest rates

What are the implied interest rates in Europe and the U.S.?

  State pricing theory and no-arbitrage pricing theory

State pricing theory and no-arbitrage pricing theory

  Small business administration

Identify the likely stage for each venture and describe the type of financing each venture is likely to be seeking and identify potential sources for that financing.

  Effect of financial leverage

The Effect of Financial Leverage and working capital management

  Evaluate the basis for the payment to the lender

Evaluate the basis for the payment to the lender and basis for the payment to the company-counterparty.

  Importance of opps, ipps, mpfs and dmepos

Research and discuss the differences and importance of : OPPS, IPPS, MPFS and DMEPOS.

  Time value of money

Time Value of Money project

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd