How much money will a typical consumer save each month

Assignment Help Econometrics

Reference no: EM13246509

telecom taxes is 25 percent of the consumers bill
monthly market demand is Qd = 250 - 5P
market supply is Qs= 4P -110 ( both in millions) where P isthe monthly price of telecommunication services.
The senator is considering tax reform that will cut tax rates,leading to a supply function under the new tax policy of Qs =4.171P - 110.

How much money will a typical consumer save each month as a result of the proposed legislation?

Reference no: EM13246509

Questions Cloud

Discuss concept of humanism as evidenced in the philosophy : Discuss the concept of humanism as evidenced in the philosophy, religion,government, laws and art of the cultures of China, India, Persia, Greece and Rome

Discuss the steps necessary to make electronic evidence : Identify and discuss the steps necessary to make electronic evidence admissible in court and identify various crimes and incidents that are involved in electronic forensic investigations.

Determine the new equilibrium price and quanity : Now suppose that the demand increases by 10 units at each price.fill in the new quanity demanded in table above5.determine the new equilibrium price and quanity 6.reproduce the graph tha u drew for question 4 and label oringinal demand and supply

Explain the best procedure to prepare a solution : You need to prepare 2.00 L of 0.100 M Na2CO3 solution. Describe the best procedure.

How much money will a typical consumer save each month : market supply is Qs= 4P -110 ( both in millions) where P isthe monthly price of telecommunication services. The senator is considering tax reform that will cut tax rates,leading to a supply function under the new tax policy of Qs =4.171P - 110.

Find the other objects velocity : An object with mass m1 = 8 kg traveling with an x-velocity of V1x = 15/17 collides with an object with mass m2 = 12kg traveling with an x-velocity of V2x = - 15/13, Find the other object's x-velocity

Explain the vapor pressure of water with hg : The vapor pressure of water at 20.0 °C is 17.5 mm Hg. If the pressure of a gas collected over water was measured to be 453.0 mm Hg. What is the pressure of the pure gas

Regain a level of curiosity about history : What techniques could be used to regain a level of curiosity about history or other subjects that have been learned in school?

Linear regression analyzing total overhead cost : Discuss company overhead you determine that the majority of your indirect costs are related to four primary activities and linear regression analyzing total overhead cost and units sold and linear regression analyzing total overhead cost and machine ..

User Account

All Pages