Q2: Suppose the demand function is p = 50 - 2q………………1 and the supply function is p = 10 + 3q…………….2 a) Find the market clearing price and quantity (equilibrium point) b) Sketch a graph c) Suppose the government imposes a per unit tax of $5 on producers, what would be the effect of this tax on market clearing price and quantity? ( show your answers)

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A: (i) Quantity demand = quantity supply with the price = $12 Quantity demand = 6360 - 400 (12) = 1560…

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Q: Question 2e - part 2 Given the following information Qp = 240 – 5P Qs = P where Qp is the quantity…

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Q: The weekly demand for Kelewele among the 2018 batch of MBA students at UPSA is   Qdx = 900 – 10Px…

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A: Qd = 300 - 20P Qs = -540 + 40P

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A: Price = $ .48   SS = 327    Dd = 551   when price increases  P = .88      SS = 527       DD = 151…

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Q: The weekly demand for Kelewele among the 2018 batch of MBA students at UPSA is Qdx = 900 – 10Px +…

A: [a] With price = GHc20 QSx = -260 + 10Px – 2Pi Qsx = -260 +10Px -2(20) Qsx = -300 +10Px [b]

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Q: Suppose demand and supply are given by Qd = 60 - P and Qs  = 1.0P - 10. a. What are the equilibrium…

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