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The demand curve for two liter bottles of soda is given by QD-1000P, and the supply curve is given by QS. In an effort to reduce soda consumption, the government has placed a tax of .50 per two liter bottle that is added to the consumer's bill at the checkout.
a. Before the tax was imposed, what was the equilibrium quantity?
b. After the tax is imposed, what is the equilibrium quantity?
c. How much revenue will the government collect from this tax?
d. What is the reduction in total benefits due to this tax?
e. What is the reduction in total costs due to the tax?
f. What is the deadweight loss of this tax?
Use real GDP, unemployment rate, customer price index, foreign exchange rate or auto sales, and oil or gas prices, make a 1,000 word paper in which you define each of indicators as related to the auto sales industry, and explain its current status.
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suppose that early in a year, hurricane hots a town in Florida and destroys a substantial number of homes. A portion of this stock of housing, which had a market value of $100 million (not including the market value of the land), was uninsured
It is important to note that where an offer specifies a particular mode of acceptance, only an acceptance communicated via that method will be valid?
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Is there an arbitrage opportunity here? If so, explain exactly how you would take advantage of this situation to make a riskless profit.
Compare and contrast between the concepts of integrated rural development and agricultural transformation with specific example of a country or a region.
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