Draw diagram to show what happen when government subsidised the gasolene

Q: Thoroughly analyze the impact of taxes on tobacco through the perspective of a smoker (a consumer in…

A: Elasticity is frequently defined as a measure of a variable's sensitivity to changes in another.…

Q: he supply and demand model for 2lb bags of oranges can be represented by: Ps = 8 + 2Qs Pd = 15 -…

A: Given PS =  8 + 2q Pd =  15- 1.5 q Equilibrium is achieved where D = S 8 + 2q = 15 – 1.5q 3.5q = 7…

Q: What happens to a country's economy if there is a high tax for the company that earns more in that…

A: Taxes are the mandatory payments that has to he made to the government.

Q: The federal government often aids farmers through systems of price supports. Suppose that the…

A: The price supports are set by the government of a nation. It is the minimum legal price at which a…

Q: A. The demand curve for a product is D = -2p + 800 , where the demand is units , and p is the price…

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Price Таx A B Amount of the tax Quantity Click to view Jarger image

A: Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: The vertical distance between points A and B represents a tax in the n 1Price 12 11+ 10 Supply 9 8+…

A: In any market, total surplus measures the total wellbeing of all participants in that market- namely…

Q: ce poth Adrlan and Bob deny. poth Adrlan and Bob flee the prison.

A: A prisoner's dilemma can be defined as asituation where individual decision-makers always have an…

Q: What are the ways (at least 3) on how to mitigate the market failure in the economy. NOTE: causes of…

A: Eq.(equilibrium) is where: In goods/real market: dd(demand) of the product equals the ss(supply) for…

Q: Demand: Qd = 1200 - 3P %3D Supply 1: Q1 = -200 + 2P %3D Supply 2: Q2 = -600 + 2P KAK Panel A Panel…

A: Given that Qd = 1200 - 3P Qs1 = -200 + 2P Qs2 = -600 + 2P At equilibrium, Qd = Qs = 1200 - 3P = -200…

Q: Draw a graph for policies government use to correct market failures a) Price Mechanism b) Resolving…

A: Market failure : Market failure is an economic situation which stressed on the inefficient…

Q: A market is described by the following supply and demand curves: Supply: P=0.25Q Demand: P=300-0.75Q…

A: “Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Figure 6-12 S aftertax 6. 1 2 4 6 10 12 14 16 quantity Refer to Figure 6-12. For every unit of the…

A: Note:  We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: Donna runs an inn and charges $300 a night for a room, which equals her cost. Sam, Harry, and Bill…

A: The price was initially $300 and so was the cost of production. The maximum willingness to pay for…

Q: Which of the following is an example of an exemption?

A: Exemptions are mentioned in the law and these exemption reduces the taxable income. Government…

Q: Congress and the president decide that the United States should reduce air pollution by reducing its…

A: The decision made by congress and president of the United States to reduce air pollution by taxing…

Q: Price 16250 Supply 6750 Demand 2000 1583.33 Quantity

A: We need to graph the above four quantities, given a subsidy of 550. In case of subsidy given to the…

Q: The vertical distance between points A and C rep tax in the market. 1000 Price 900 800 700 600 500…

A: Without tax, market clears at the intersection point of demand and supply curve.  Hence at point D,…

Q: 16 The market demand for good x is y(d)-a-2bp, and the market supply is y(s)-ep, the government…

A:

Q: What constitutes trading according to tax law

A: Trading involves healthy participation in the financial markets in comparison to investing which…

Q: the private value, then you should shift the demand curve to reflect the social value of consuming…

A: An externality refers to a cost or a benefit that arises from production or consumption and has an…

Q: Choose one of the following examples and explain whether you think that the government should ban…

A: Banning any product is not the ultimate solution to any of the issue because it will create a…

Q: Suppose the government wants to maximize tax revenue. Some policymakers suggest taxing cigarettes,…

A: Tax revenue is the product of the tax amount and the quantity of the good consumed. The tax creates…

Q: ome economists argue that government intervention is needed in addressing the issue of market…

A: In a free market where the prices of goods, the supply of goods and the demand for it are the basic…

Q: What happened to supply curve and equilibrium price and quantity when Government provides subsidy to…

A: (Q) What happened to the supply curve and equilibrium price and quantity when the Government…

Q: In the diagram of a flexible abatement standard, there’s a rectangle that represents the gained…

A: An abatement in environmental economics is generally described as the implementation of technology…

Q: As the price of a good rises: • Firms earns largest profits • Firms find they can raise price by…

A: As the price rises, the firm earns higher revenues and thus is able to make higher profit levels.…

Q: Why do producers have more interest in government regulations than consumers do?

A: Government regulations are those laws and rules which are used for placing limitations on businesses…

Q: A pollution tax: A increases the price of the good taxed. B decreases the price of the good taxed. C…

A: The pollution is a process in which the clean atmosphere is made unclear with the addition of the…

Q: Based on market research, a film production company in Ectenia obtains the following information…

A: A firm maximizes its profit at the output level where MC=MR

Q: To raise revenue, the mayor decides to charge hotels a tax of $10 per rented room. After the tax is…

A: (a) Tax revenue = Unit tax x After-tax quantity = $10 x 900 = $9,000 (b) DWL = (1/2) x Unit tax x…

Q: pplication Kindly explain. Suppose education has external benefits. Explain the implication of…

A: The Externalities are side effects and such effects could be positive or negative. The side effects…

Q: QS = 1000P – 500 QD = 4750 -50P Graph the supply and demand curve. Label consumer surplus and…

A:

Q: Governments play a vital role in market formation for products by imposing regulation and price…

A: A regulated market is a market over which government regulates. Market regulation is often…

Q: Exam 2, Figure1-The Wake County Market for Cigarettes Per Pack Price Supply with tax 20.00 Supply…

A: Deadweight loss is the triangle that is created due to the tax. So, to find DWL, we need to find the…

Q: The tax authorities of Mabalingwe, an imaginary country, have decided to impose a 99% tax on alcohol…

A: Tax: A duty is a compulsory expense or monetary charge imposed by any administration on an…

Q: $100 $50 5 10 Oty Refer to the figure above. The price of a physician visit is $100, Individual A…

A: Demand curve shows the inverse relationship between price and quantity demanded here visit of…

Q: Find a government regulation imposed by the Commonwealth of Virginia that addresses a market…

A: In economics, market failure is a condition characterised by inefficient allocation of commodities…

Q: Suppose the government wants to maximize tax revenue. Some policymakers suggest taxing cigarettes,…

A: Tax revenue is the product of the tax amount and the quantity of the good consumed. The tax creates…

Q: Discuss the arguments for government intervention in the markets.

A: In a free market economy, the forces of demand and supply freely operate to determine the…