What is the price that suppliers receive

Assignment Help Business Economics
Reference no: EM13180433

Demand: P=30-2Q

Supply: P=4Q

Equilibrium Price____

Equilibrium Quantity______

Own Price Elasticity of demand Equlilbrium______

Consumer surplus________

Producer surplus__________

Same market after $6 sales Tax

What is the new price that consumer see?________

What is the price that suppliers receive?__________

What is the new quantity sold/produced__________

Consumer surplus_________

Producer surplus_______

Government revenue____________

Dead weight loss after tax is imposed__________

Reference no: EM13180433

Questions Cloud

What is amount of deadweight weight loss : Suppose per unit tax, T is imposed on buyers. Then what is the equilibrium quantity and equilibrium price? Now, assume T=30, then what will be equilibrium price and quantity. (Hint: use P is the price producer receives, and P+T is price paid by th..
Find the equation for the line that passes through : find the equation for the line that passes through the point (-2,-5) that is parallel to the line with the equation y=3/4x+8.
Find the elasticity of demand e for the demand function : Find the elasticity of demand E for the demand function q = 40,000 - 10p2.
Discuss how to prepare the solution sodium formate : discuss how to prepare the solution in question A starting from 0.100 M formic acid and 0.150 M sodium formate
What is the price that suppliers receive : Demand: P=30-2Q Supply: P=4Q Equilibrium Price____ Equilibrium Quantity______ Own Price Elasticity of demand Equlilbrium______ Consumer surplus________ Producer surplus__________ Same market after $6 sales Tax
Identify the core functions of each department : Identify the core functions of each department, their strengths and weaknesses, and make recommendations for improvement, as appropriate
Animal waste produced from industrial- style factory farming : Which of the following is true of animal wastes produced from industrial- style factory farming?
Establish an equation to determine revenue : How many pairs of shoes would you need to sell if you wanted to make a profit greater than $50000? Interpret your result.
State the catalyst reacts with the reactants : the catalyst reacts with the reactants. B. A catalyst initiates a chemical reaction. C. A catalyst lowers the activation energy of the reacting molecules

Reviews

Write a Review

Business Economics Questions & Answers

  Which promotional mix would be most likely to move people

Everyone who has baked with the new flour loves it, but she is having trouble getting potential consumers to the desire stage of the AIDA concept.

  Difference between microsoft and software retailers

The biggest difference between Microsoft and software retailers is the market structure in which they operate.

  Why perfect personalized pricing is typically profitable

Explain why perfect personalized pricing is typically more profitable than menu pricing.

  Contrasts the continuous current account deficits

Compare also contrasts the continuous current account deficits of the U.S. with the continuous current account surpluses of Japan.

  Illustrate what is the marginal cost of a string

Illustrate what is the marginal cost of a string. Calculate marginal revenue and marginal cost for each quantity.

  What will happen to the domestic trade balance

What will happen to the domestic trade balance following a devaluation of the domestic currency? Explain carefully the effects during the pass-through period, and be sure to explain why these effects occur.

  What is a subscriber cost per copy of newspaper

Wall Street Journal costs $206, payable now, for a two-year subscription. Newspaper is published 252 days per year. What is a subscriber's cost per copy of newspaper, taking interest into account.

  Discretionary fiscal policy and automatic fiscal policy

Explain the difference between Discretionary Fiscal Policy and Automatic Fiscal policy. Provide an example of each.

  Continue trading with your strategy

Illustrate what will happen to the forex marketplace rate CAD/USD if you continue trading with your strategy.

  How lowered the costs and speeded production

the first automobiles were built in 1901, they were manufactured by skilled workers using hand tools. Later, in 1913, Henry Ford introduced the moving assembly line, which lowered costs and speeded production.

  How monopolies in real world earn huge rates of return

Monopoly is often heralded as the ultimate goal of a firm, to be the only seller in a market. however the picture might not be as rosy as it appears if you actually reach monoply status. Why is that. How monopolies in real world earn huge rates of..

  Illustrate what are the short-run and long-run effects

Resizing them as necessary, to illustrate your analysis. In each case, Illustrate what are the short-run and long-run effects on the aggregate price level and aggregate output.

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