Suppose the equilibrium for the market of staplers has a price of $49 , at which 136 staplers are sold. The Government believes staplers are undervalued and imposes a price floor of $57 under which only 72 staplers are transacted, generating a deadweight loss of $382. What size tax would mimic the effect that the price floor has on consumers? Answer:

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Q: Question 2c - part 1 Given the following information Qp = 240 – 5P Qs = P where Qp is the quantity…

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

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A: QD=60-p    and QS=2p In market equilibrium QD=QS so p=$20 and quantity =40 units

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A: Below is the graph constructed from the given information:

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

A:

Q: The market for piano lessons is as follows: Demand:  Q = 80 – 2P Supply: Q = 3P  Draw the supply…

A: Solution A Here O is Equilibrium point Solving Q and P Q= 80-2P = 3P             5P=80…

Q: given the following information QD=240-5p and QS=P, where QD is the quantity demanded, and QS is the…

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A:

Q: Assume that the demand and the supply in a market are represented by the following equations:…

A: QD=200-5P QS=5P-10 Equating supply and demand  200 - 5P = 5P - 10  210 = 10 P  P = 21 Q = 105 - 10 =…

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A: * ANSWER :-

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Q: Given the following information QD = 240 - 5P QS = p where QD is the quantity demand, QS is the…

A: Answer to the three sub parts are as follows :

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

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

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

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