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consider the following policies, each of which is aimed at reducing violent crime by reducing the use of guns. Illustrate the effect of each of these proposed policies in a demand and supply diagram of the gun market. For each question, show the price paid by consumers, th eprice received by producers an dthe quantity of guns sold. For each question say what is the difference between the price paid by consumers and the price received by producers in each case? For each question say whether the number of guns sold increased or decreased?
Use a new diagram for each question
a) A tax on gun buyers
b) A tax on gun sellers
c) A binding price floor on guns
State two economic principles of taxation and which principle best justifies the excise tax on gasoline, when the tax revenue is used to maintain or improve the roads.
Why do people routinely stuff themselves at all you can eat buffets Explain in terms of both utility also demand theories.
How might you construct a measure of the change in the price level. Illustrate what additional information might you need to construct your measure.
For each of the determinants of demand in Equation identify an example illustrating the effect on the demand for hybrid gasoline-electric vehicles.
Explain the logic of the Ricardian view of government debt and evaluating its practical relevance.
Elucidate in general what factors would affect the elasticity of demand for frozen grape juice.
Find the equilibrium price and quantity algebraically. If tourists decide they do not really like T-shirts that much, which of the following might be the new demand curve.
What would happen to the value of gold if people discovered that it could easily be made at home from inexpensive materials
Assume you are part of a research team evaluating a proposal to clean up a dangerous squander site.
Explain the entities affected by industrial regulation in terms of marketplace structure.
What do you think that Apple's ability to control the pricing of downloaded song is likely to change in the future.
Similarities in the definitions of management quoted from authors of management textbooks
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