54 513
Assignments Done
98,4%
Successfully Done
In November 2017
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 Trevor

Question #42464
The following table shows the data for the market for cigarettes. Answer the following questions in the space provided.

Supply (‘000) 200 250 300 350 400 450 500
Demand (‘000) 475 450 425 400 375 350 325
Price/packet 4.00 5.00 6.00 7.00 8.00 9.00 10.00

(a) If the government imposes a tax of $2 per packet on cigarettes, then new price will be: .$...........per packet??

(b) With the tax revenue , producers now will receive new revenue of $??......../wk in total revenue
Expert's answer
(a) 13
(b) 650

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!

Comments

No comments. Be first!

Leave a comment

Ask Your question