Assume that a new nuclear power plant wishes to raise consumers' electrical rates to cover the unexpectedly high cost of the construction. However, the government regulatory commission refuses to let electrical rates be increased because it says the increase will only worsen the power plant's financial problems. What is the argument of the power plant regarding the demand for electricity? What is the argument of the government regarding the demand for electricity?

Suppose the demand and supply for Xbox-One are: Qd = 500 - 2P, Qs = -100 + 4P . Assume that consumers demand 75 less Xbox units at each price. Also, a new tax has been imposed on foreign microchips, increasing the costs of production, and reducing supply by 35 units at each price Given this information find: a. CS0 = $ b. CS2 = $  c. PS2 = $

Demonstrate graphically the impact of a rise in electricity prices on the production of ice cream.

You can drag and drop files here to add them. Consider the public policy aimed at smoking: (a) Suppose studies indicate that the price elasticity of demand for cigarettes is about 2. If the government is able to increase the price of a pack of cigarette from $2 to $3 (through may be, higher taxes), by what percentage will the consumption (demand) of cigarettes decrease? Please show all calculations. (b) Studies also find that the price elasticity of demand for cigarettes for higher income earners is more inelastic compared to that of those earning less income. Why might this be true? Please explain your answer I of U X2 x2 画 tv MacBook Pro