58 815
Assignments Done
Successfully Done
In March 2018
Your physics homework can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Our experts will gladly share their knowledge and help you with programming homework. Keep up with the world’s newest programming trends.

Answer on Macroeconomics Question for ash

Question #39250
Use the following supply and demand functions to answer the questions below:
Qd = 20‐2P, Qs = 5+3P

A. Determine the equilibrium price and quantity and illustrate with a graph.

B. The government imposes a tax of $5.00. Find the new equilibrium price and quantity. Illustrate, using the same graph for part a.

C. Determine the total tax revenue earned by the government, the amount of the tax paid by consumers and the amount of the tax paid by sellers.

D. What determines whether consumers or sellers pay the greater proportion of a tax—such as the tax on cigarettes—in part a? Explain your answer.
Expert's answer

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question