Answer to Question #73425 in Microeconomics for aasema
suppose the demand for Frisbees is given by
and the supply by
a)what will be the equilibrium price and quantities for Frisbees?
b)suppose the government levies a tax of rs:4 per frisbee.Now what will the equilibrium quantity the price consumers will pay & the price firm will receive?
c)how would your answer to part a &b change if the supply were insteadQ=70+P