What is the new equilibrium quantity

Assignment Help Microeconomics
Reference no: EM132135751

Question - Let demand be given by QD = 8 - 2P; let supply be given by QS = 2P. A tax of $2 per unit is imposed on consumer, what is the new equilibrium quantity?

a. 1

b. 2

c. 3

d. 4

e. 5

Reference no: EM132135751

Questions Cloud

Write a bubble sort function with a test program : Write a comparative algorithm that will compare the efficiency of three sorting routines. Write a Bubble Sort function with a test program.
Obtain the best forecast result : What are three ways that even every forecast model should be evaluated to obtain the best forecast result.
Plan and develop new e-commerce initiatives : Establish and maintain an International footprint for your e-commerce site ? Plan and develop new e-commerce initiatives
Provide a major piece of investigation : provide a major piece of investigation and explanation as to your understanding of a topic selected from or allied to the topics taught on the International
What is the new equilibrium quantity : Let demand be given by QD = 8 - 2P; let supply be given by QS = 2P. A tax of $2 per unit is imposed on consumer, what is the new equilibrium quantity
Was there valid assignment to packers : Was there a valid assignment to Packers’? Did Cutting have to accept and pay for Blackwood's apricots or was this the sole responsibility of Packers’?
Design implement a class for a card in a deck of playing : The object should contain methods for setting and retrieving the suit and rank of the card.
Why does a government undertakes expansionary fiscal policy : Why does a government undertakes expansionary fiscal policy? What are the problems of undertaking expansionary fiscal policy?
What is the role of local government leadership : What is the role of local government leadership in assuring that departments and divisions work together to achieve municipal goals and objectives?

Reviews

Write a Review

Microeconomics Questions & Answers

  What circumstances should a government intervene

According to economic theory, under what circumstances should a government intervene in issues of climate change?

  What you thinkg about securities market and financial return

What do you thinkg about Securities Markets and Financial Return and Risk Concepts. Excplain the risk of investing money into a product.

  Which action gives better chance of finding the grand prize

Now you must decide: Do you stick with your original choice, curtain 3, or switch to curtain 1? Which action gives you the better chance of finding the grand prize?

  Summary of article and show how it relates to economics

Write a short summary of the article and show how it relates to the Economics class that am taking. Give a link to the article used. Remember that this is not an essay, its just a short summary.

  Is the company claim correct

Mary's credit card situation is out of control because she cannot afford to make her monthly payments.

  Describe an ethical dilemma and its importance

Analyze and recommend a strategy for communicating the policy to the organization in a manner that meets the needs of the audience. Specify potential limitations of the policy and strategies for monitoring and compliance.

  What happens to the price level after the change

What happens to the aggregate demand curve after the refund? What happens to the price level after this change? Is real wealth increased or decreased as a result of the refund?

  Problem regarding the financial asset

1) Which of the following is NOT a financial asset?

  Calculate the total producer surplus at a market price

Calculate the total producer surplus at a market price of $5 and How do your answers change if the price falls to $2 - What is the equilibrium price and quantity?

  Graph communitys demand curve for cheesecakes assuming that

after her great success making pies with johnny depp in sweeney todd your friend helen b. carter has opened a

  On july 1 there was 55000 of unamortized discount

sepracor inc. called its convertible debt in 2007. assume the following related to the transaction the 11 10000000 par

  How much money must the company set aside now in an

a company that specializes in online security software development wants to have 85 million available in 3 years to

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!

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