A tax is placed on beer and sellers have ended up bearing most of the burden of this tax. Why is this? the government has placed the tax on buyers the demand curve is more inelastic than the supply curve the supply curve is more inelastic than the demand curve the government has placed the tax on sellers.

Q: 11. During a two-quarter period of the lockdown for the COVID pandemic, we observed a decrease in…

A: The aggregate demand curve shifts downward as the velocity of money decreases exogenously. Because…

Q: (Bonus) In 2021, US. government spending was $6.8 trillion, tax revenue was $3.8 trillion, GDP was…

A:

Q: Suppose Abby, Brandi, Carrie, and DeeDee are the only four buyers in the market. When the price…

A: Market quantity demanded is the summation of all the individual demands in the market.

Q: Demand Function Consumer A : qA = 4 - p Consumer B : qB = 2-1/2 p Marginal cost : mc=c Two-part…

A: In two part tariff, K is charged equals to the consumer surplus.

Q: Computeq Ltd is a listed company incorporated in NSW with an issued capital of $20 million. It is…

A: The answer is as follows:-

Q: 1- Find the Equilibrium Price and Quantity for two complementary goods, Slacks (5) and Jackets (J),…

A: In economics, a complementary good is a good whose appeal increases with the popularity of its…

Q: In 2020, the all ages population of Canada was 36552939, out of which the population under 15 years…

A:

Q: A monopoly is considering selling several units of a homogeneous product as a single package.…

A:

Q: 42.Jacob works while sipping mugs of green herbal tea. He does, however, know that after the fifth…

A: The answer is as follows:-

Q: Use the Lagrange multiplier method to optimize the objective function xy subject to the constraint…

A: Utility is maximized where slope of indifference curve equals slope of budget constraint. Lagrange…

Q: Refer to Daisy's PPF  Given Daisy's PPF, the following production combo,  12 pies and 12 tarts is…

A: Production possibilities frontier shows combinations of two goods that can be produced with the…

Q: Assume Country X has an electricity market with supply and demand being given below: Qo = -Po + 200…

A: Demand function Demand = -P + 200 Supply = -3P + 300

Q: 1.11 euros

A: The equilibrium condition is decided based on the demand and the supply of euro at given price in…

Q: An annuity offers a payment of $5000 at the beginning of every three months for twenty years.…

A: Present value is the concept that states an amount of money today is worth more than that same…

Q: A company manufactures dog leashes that sell for $20.97, including shipping and handling.  The…

A: Here, given information is: Selling price per unit: $20.97 Fixed cost: $23,202 Variable cost per…

Q: 250 = 10K0.5L0.5

A:

Q: The context is a large negative shock to autonomous consumption in an open economy. You may assume…

A: An open economy is one in which the external sector is also added, there are four sectors in an open…

Q: Answer the question(s) or solve the problem(s) below. Show your work if it involves calculation or…

A: Absolute price is the number of dollars that can be exchanged for a specified quantity of a given…

Q: Instructions: Round your answer to 1 decimal place. If entering a negative number, be sure to…

A: Answer;     Equation is, P = 60 - 0.5 and we have to find the elasticity at Price= P = 10 So, by…

Q: (d) Slavery is abolished. Brad is required to give Angelina half of everything she produces. (i)…

A: Introduction Angelina is a peasant farmer who produces food. i) Brad and Angelina both will get the…

Q: If you were to create a new health care system for ten thousand people who newly migrated to the…

A: Premiums What is the difference between a discount and a promotion? To keep your health insurance…

Q: QUESTION 4 Which game form is best suited to games with simultaneous decisions about strategy?…

A: Game theory basically refers to the basic study of how economic actors' interacting actions produce…

Q: $12.5 MC АТС $10.0 P-MR 8.0 $7.5 $5.0 $2.5 $0.0 0 10 20 30 40 50 60 70 80 90 100110120 130 Quantity…

A: Here, the given graph shows the cost and revenue curves of a firm that is operated in the perfectly…

Q: external scale economies leads to prices that are lower than the prices in only one of the trading…

A: The answer is as follows:-

Q: ural subdivision has several miles of access road that needs a new surface treatment. Alternative 1…

A: The break even point in financial aspects, business — and explicitly cost bookkeeping — is the place…

Q: Suppose a proft-maximizing monopolist is producing 900 units of output and is charging a price of…

A: Answer -

Q: Suppose the production function for T-shirts can be represented as q = L^0.25 K^0.75. When K = 1 and…

A: "Slope of the isoquant represents the marginal rate of technical substitution between labor (L) and…

Q: Consumption expenditure: Investment expenditure: Government budget balance Money demand C = 100 +0.8…

A: The government financial system that analyses the health of an economy, expected growth, economic…

Q: Whether this statement is true, false or uncertain? Why? Use graphs if possible. The central bank…

A: The Central Bank's main duty is to check the monetary conditions of its member states. So, it will…

Q: In an attempt to bring equity to the climate change agreement, the Framework Convention on Climate…

A: In an attempt to bring equity to the climate change agreement, the Framework Convention on Climate…

Q: Assume that l2t = 0.15% and that l1t = 0. If the one-year interest rate is 5% and the two-year…

A: We have l2t=0.15%, l1t=0it=5%, i2t=5.75%  Here it is today's interest rate on one period bond and…

Q: In the context of the Irving Fisher two-period model, if a person is a saver (i.e., C1 < Y1), a fall…

A: Answer: If a person is a saver and the interest rate falls then the future consumption (C2) will…

Q: Suppose Abby, Brandi, Carrie, and DeeDee are the only four buyers in the market. If the price is $8,…

A: The equilibrium cost is the main cost where the plans of shoppers and the plans of makers concur —…

Q: In the United States increases or decreases in the money supply a. It is the responsibility of the…

A: Money Supply: - In an economy, the total value of money in circulation at a point in time is known…

Q: A monopolist faces the linear demand curve P =120-0.02Q and the cost function TC(Q) = 25 , 000 +…

A: Monopoly applies when there is just one vendor in the market. The monopoly situation is considered…

Q: Market structure refers to the characteristics of an industry that define the likely behaviour and…

A: The market is completely competitive if there is no pure competition. The key aspect of a completely…

Q: 4 Last year Alice worked as a consultant. She hired an administrative assistant for $17,000 per year…

A: Answer - Christine worked as a consultant. She hired an administrative assistant for $17,000 per…

Q: Question 12 Which of the following will happen to a firm when P x q is less than VC? O It will make…

A: Total revenue is price multiplied by quantity. Variable cost is the cost that depends on the level…

Q: One Analyze the effect of each scenario on the price of khaki pants. Consider the following…

A: Law of supply states that other things being constant as the price of good or service increases, the…

Q: Question 16 How strongly should demographics influence the federal budget planning process? not…

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

Q: Which game form is best suited to games with simultaneous decisions about strategy? Extensive Form…

A: Simultaneous decision-making requires choosing actions without having any knowledge of the action…

Q: Zambia, as a developing country, has a large external debt which is interfering with its economic…

A: The Balance of Payments (BOP) basically refers to a  statement that records all monetary…

Q: If the price of product X increases from $10 to $12, the quantity demanded for gasoline (X) will…

A: Price of X Quantity of X Quantity of Y Quantity of Z 10 100 90 50 12 82 63 76

Q: Consider the market for lattes. If scientists discover that steamed milk, which is used to make…

A: A shift in the demand curve is defined when there is a change in demand; when the price of quantity…

Q: The short run aggragate supply curve slopes_______ showing a _____________ relationship between…

A: PLEASE FIND THE ANSWER BELOW.   Aggregate supply: Aggregate supply, also known as total output, is…

Q: loss from this tax?   You can answer this in one (or more) of the following ways: Paste a picture…

A: DwL is the loss of market welfare after the tax 0f $6 per unit.

Q: A consumer spends all her income of £120 on the two goods A and B. Good A costs £10 a unit and good…

A: A consumer maximizes his utility by consuming at the bundle where slope of indifference curve equals…

Q: Question 27 .  If Maxine and Daisy both specialized in the product in which they have a comparative…

A: Given : Maxine &amp; Daisy are bakers who bake tarts and pies. They have similar level of resources…

Q: hi dear i have some research questions for international business. England Type of economic system…

A: Type of economic system in England The UK economy is both a social market and a market-oriented…

Q: The law if diminishing marginal returns is the rate at which one input maybe substituted for another…

A: The law of diminishing marginal returns is not the rate of substitution of one input for another…