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Q1) If the inverse demand function for toasters is p = 60 - Q , what is the consumer surplus if price is 30?
Q2) If the inverse demand function for books is p = 60 - Q and the supply function is Q = p , what is the initial equilibrium? What is the welfare effect of a specific tax of t = $2?
Q3) Suppose that the demand curve is Q = 100 - 10 p and the supply curve is Q = 10 p . The government imposes a price ceiling of p = 3.
a. Describe how the equilibrium changes.
b. What effect does this ceiling have on consumer surplus, producer surplus, and deadweight loss?
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Complete the Health Care Economic Issues Presentation.Health Care Economic Issue - Health care insurance issues - underinsured & uninsured Prepare a 10- to 12-slide Microsoft® PowerPoint® presentation with detailed speaker notes that includes the fol..
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Downtown Music Stores Squeezed out of Business Music retailing is changing: Sony Music and Amazon are selling online, discount stores are selling at low prices.
In his 1964 presidential campaign, Barry Goldwater argued that a reduction in both government spending and taxes would boost economic growth.
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