Draw a demand curve, Marketing Management

Assignment Help:

Suppose D1 represents the demand curve for paperback novels, D2 represents the demand curve for gasoline, S1 represents the supply curve for paperback novels and S2 represents the supply curve for gasoline. After the imposition of a $2 tax on paperback novels and on gasoline, the

a. sellers of gasoline bear a higher burden of the $2 tax than sellers of paperback novels.

b. buyers of gasoline bear a higher burden of the $2 tax than buyers of paperback novels.

c. buyers of gasoline bear an equal burden of the $2 tax as buyers of paperback novels.

d. Both a) and b) are correct.

the tax shifts up the supply curves as shown in red and blue.

the price for novels=6. so rise=6-5 =1

the price for gasoline=7, so rise=7-5 =2(approx)


Related Discussions:- Draw a demand curve

Factors affecting media planning, Factors affecting media Planning:- (1...

Factors affecting media Planning:- (1) Nature of Product: Product to be advertised is able to be industrial/technical product or consumer product: Industrial/Technical produc

What are physical distribution firms, What are physical distribution firms?...

What are physical distribution firms? Physical distribution firms: Transportation, warehouse and other firms which help a company to stock and move goods by their point

Ray ban, how to draw consumer profile of a typical buyer of ray ban?

how to draw consumer profile of a typical buyer of ray ban?

assgnment, #what is personal selling,direct marketing,exhibitions

#what is personal selling,direct marketing,exhibitions?

7p, USES OF 7PS IN INDUSTRIES

USES OF 7PS IN INDUSTRIES

Patent, It is a legal document which ensuring exclusive rights to a procedu...

It is a legal document which ensuring exclusive rights to a procedure or product using a unique technological or structural innovation.

Algebra , the ordered pair (-1, -1) is a solution of the system -4x + 2y = ...

the ordered pair (-1, -1) is a solution of the system -4x + 2y = 2 and x + y = -2. true or false

State the relationship marketing principles, State the relationship marketi...

State the relationship marketing principles Numerous organisations use relationship marketing principles, manifest in the form of customer relationship marketing or loyalty mar

Write Your Message!

Captcha
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