Micro Economics For Today
10th Edition
ISBN: 9781337613064
Author: Tucker, Irvin B.
Publisher: Cengage,
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Question
Chapter P4, Problem 9KC
To determine
The impact of the effluence tax on the coal producers.
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Question 1
Consider the market for minivans. Indicate the impact if any on demand, supply, price and quantity:
(a) People decide to have more children.
(b) A strike by steelworkers raises steel prices.
(c) Engineers develop new automated machinery for the production of minivans.
(d) The price of station wagons rises.
(e) A stock-market crash lowers people’s wealth
sub section (D) and (E)
Research topic
1.The impact of climate change on the economy of south africa/mozambique.
Question 1 -
Plot the supply curve from the supply schedule information provided
price
Quantity supply (Qs)
1
0
2
3
3
4
4
5
5
6
(a) What can you explain from the graph?
(b) Can you identify any determinants?
(c) What happens if price changes?
(d) What else do you think will happen
(e) What happens if other determinants change
Requesting solution forsubsection (d)
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