Its is known that the demand function for a product is P = 24 - 1/2Q and the supply function Q = 4 + 2P D. If the government provides a subsidy for tge product of Rp 10/ unit of goods, what is the price and quantity of goods in balance new *Rp : Indonesian currency

Q: The government decides to place a £25 per unit-subsidy on the sales of books. The initial demand and…

A: Note:- Since we can only answer up to three subparts, we'll answer the first three. Please repost…

Q: Given, the total surplus in the market is 1730 taka. You know that the consumer surplus in the…

A: The equilibrium price and equilibrium quantity of a good sold in the market are determined by the…

Q: Given the following information QD = 240 – 5P QS = P where QD is the quantity demanded, QS is the…

A: The equilibrium is established when demand and supply are equal or Qs = Qd The Qs will undergo the…

Q: Consider the following demand and supply functions: Qd = 80 − 2P Qs = −100 + 8P

A: Equilibrium refers to the situation where quantity demanded equals quantity supplied. The market…

Q: Consider the following demand and supply functions. Demand: D(p) = q = 169 – 9p and Supply: S(p) = q…

A: Demand : D(p) =q=169-9pSupply : S(p) =q=45+11pAt equilibrium point, demand = supply

Q: 3. Consider the following demand and supply functions: Qa = 80 – 2P Q, = -100 + 8P (i) Find the…

A: The demand function depicts the functional relationship between the quantity demanded of a commodity…

Q: Suppose demand and supply are given by ? = 500-2P and ? =-100+3P a) Which function is the demand…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: Given the following information QD = 240-5p QS = P Where QD is the quantity demanded, Qs is the…

A: Consumer surplus refer to the difference between the maximum willing to accept price and actually…

Q: Due to good weather there the demand equation moved from Qd =180-2p to Qd-190-2p. The supply…

A:

Q: Given the following information QD = 240 – 5P QS = P where QD is the quantity demanded, QS is the…

A: Question 2i: QD= 240 - 5P Qs = P Tax = $12 on sellers Equilibrium before tax: QD=Qs 240-5P = P 6P =…

Q: Suppose demand for good X is given by QD = 900- 1/2P where p is the price and QD the quantity…

A: Given: QD = 900- 1/2P QS = 1/4P tax is imposed on each unit of X (t) = 60 Tax reduces suppliers…

Q: Consider a product that is fixed on supply QS=4 and the demand for the product is givenby QD= 10-2P.…

A: Elasticity of demand is the percentage change in quantity demanded due to a 1 percent change in…

Q: The annual demand for imported oranges is given by the following equation: QD = 600,000 − 30,000P…

A: The market demand for imported oranges is given by the equation: QD=600000-30000P and the imported…

Q: A market has a supply given by the equation Qs = 25 +0.8P and the demand is Qp= 500 - 1.1P. %3D |3D…

A: In the free market, the equilibrium price and quantity is determined by the demand curve and the…

Q: Suppose demand for good X is given by QD=900- 1/2P where p is the price and QD the quantity demanded…

A: Given QD = 900- 1/2P QD = 900- 0.5P QS = 1/4P QS = 0.25P At equilibrium  QD = QS 900- 0.5P = 0.25P…

Q: Calculate the percentage of the tax borne by the demander and supplier in each of the following…

A: The fraction of tax borne by the demanded = ES/(ED+ES) Similarly, for supplier = ED/(ED+ES) A) ED =…

Q: Demand function of Commodity X: 2Qx = 2200 - Px • Supply function of commodity X: Qx = - 300 + 3 Px…

A: Equilibrium is achieved when demand and supply for goods are equal at certain price level . And…

Q: Based on the following functions, compute for the: Demand: P = 1200 – 4Q Supply :  P = 655 + 2Q The…

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Q: The government has increased VAT on some commodities in order to raise revenue. The market for…

A: The term "equilibrium" describes a state of no more change. Both  Clearly, all sellers and buyers…

Q: Due to good weather, there is an increase in the demand for the good. The new demand equation is Qd…

A: Note . Only solving first 3 subpart post other part separately please.

Q: Consider the inverse demand and supply for dates to be given by P= 30-3Qd and P= 6+Qs, and the…

A: The demand function and the supply function can be calculating by rearranging the given inverse…

Q: The current quantity in the market for a good is = 22 of which 44% is imported at the world price p"…

A: Current Quantity = 22 demand increases by 8% compound annuallycurrent world price = 4Price…

Q: Given the following information QD = 240 – 5P Qs = P where Qp is the quantity demanded, Qs is the…

A: When government imposes a tax on sellers, the tax causes the supply curve to shift upward by the…

Q: Given the following information Qd = 240 – SP Qs = P Where Qd is the quantity demand, Qs is the…

A: With the introduction of tax the price paid by consumer increases whereas the price received by the…

Q: ANSWER E 2. The function of supply and demand for an item P = 14 - 2Q and P = 5 + 2Q. When against…

A: P = 14 - 2Q  P = 5 + 2Q Equilibrium, demand = supply: 14 - 2Q  = 5 + 2Q 4Q=9 Q=2.25 P = 9.5

Q: Market demand for soda is given by QD = 4000 120P and market supply is given by = 200P. Solve for…

A: QD = 4000 - 120P Qs = 200P For equilibrium, QD = Qs 4000 - 120P = 200P - 120P - 200P = - 4000 320P =…

Q: Given: Qd = 240 - 5P Qs = P Where Qd is the quantity demanded, Qs is the quantity supplied and P…

A: Given,   Qd = 240 - 5P  Qs = P  Tax on supplier = $12 per unit

Q: Its is known that the demand function for a product is P = 24 - 1/2Q and the supply function Q = 4 +…

A: Equilibrium occurs at the point where the demand and supply is equal. For including the tax, it is…

Q: The consumers' burden associated with an excise tax will be largest when demand is OA. vertical. B.…

A: The consumer's burden associated with an excise tax will be the largest when demand is vertical.

Q: Assume that the demand for cigarettes is Qd=1600-30P and the supply of cigarettes is Qs=1400+70P:…

A: Hello. Since you have posted multiple parts of the question and not specified which part of the…

Q: Given the following information QD = 240-5p QS = P Where QD is the quantity demanded, Qs is the…

A: Equilibrium price, is such a price at which quantity demanded QD  equals quantity supplied QS  QD =…

Q: Assume that demand and supply for a product over a period of time, respectively, are: Qdx = 15 -…

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

Q: Market demand for Mandrake roots is given by Q-273-3P. The government of imposes a per unit tax of…

A: Market demand curve is given by  Q=273-3P  ......... (1) Tax imposed by govt is $7 per unit on…

Q: . Now a tax of 1.5$ per unit is imposed on the manufacturer which he puts entirely on the price of…

A: The equilibrium price of a commodity is the price at which the quantity demanded of the commodity…

Q: Its is known that the demand function for a product is P = 24 - 1/2Q and the supply function Q = 4 +…

A: Demand:  P = 24 - 1/2Q Q = 4 + 2P P= Q/2-2 Equilibrium: Q=22 units, P= IDR13 After subsidy: Supply-…

Q: Assume that demand and supply for a product over a period of time, respectively, are: Qdx = 15 -…

A: According to the question, given that Qdx = 15 – 0.5Px Qsx = 0.25Px – 3 a) For the calculation of…

Q: The function of demand and supply of goods P = 14 - 2Q and P = 5 + 2Q. When against goods are taxed…

A: Demand of goods: P = 14 - 2Q  Supply of goods:  P = 5 + 2Q. Tax = 2 per unit Subsidy = 1

Q: supply equation is -15+p. the government is try to decide either to maintain the number of quoata…

A: Demand moves from Qd =180-2p to Qd-190-2p supply equation is -15+p.

Q: Suppose demand for good X is given by QD = 900- 1/2P where p is the price and QD the quantity…

A: Given  QD = 900- 1/2P QD = 900- 0.5P QS = 1/4P QS = 0.25P At equilibrium  QD = QS 900- 0.5P = 0.25P…

Q: Assume supply of a rice: QS = 1800 + 240P, 1981 Demand for rice: QD = 3550 - 266P. What is the…

A: The market clearing price is also known as equilibrium price. The market clearing price is the price…

Q: Consider a market of good X with demand and supply functions/equations. Qd = -8p+1000 Qs = 4p-200 a)…

A: Price ceiling refers to the maximum legal price that can be charged for a good. Binding price…

Q: market for a certain type of golf clubs has the following supply and demand: QS QD ere p denotes the…

A: Equilibrium is achieved at the output level where Qs equals Qd.

Q: tormation = 240 - SP where Q is the quantity demanded, O is the quantity supplied and P is the price…

A: After the imposition of tax price paid by consumer increases whereas price received by producer…

Q: The demand (D) and supply (S) function for a commodity are P=100 - 20 and P= 10 + Q, respectively.…

A: Given  Demand : P = 100-2Q  Supply : P = 10+Q  Equilibrium QUANTITY = 100-2Q = 10+Q…

Q: Consider a country which taxes two goods, diamonds and bread. Each good has a supply elasticity of…

A: Given information Two products Bread and Diamond Elasticity of supply for both goods=1 Elasticity…

Q: d = 240 - 5P Qs = P (a) Where Qd is the quantity demanded, Qs is the quantity supplied and P is…

A: "Since you have asked multiple questions, we will answer only first question first part for you. If…

Q: B The demand and supply functions for a product are: Q=50-3P and Q, =-6+4P, respectively (1) Graph…

A: Given: Demand function: Qd = 50 - 3P Supply function: Qs = -6 + 4P

Q: Suppose the market demand for milk is  Qd = 40 – 4P Where Qd is millions of gallons demanded and P…

A: According to question Given that,                      Qd = 40-4P              And Qs = -40/3 +…