What are public goods? How may they be reflected in house prices?

Q: The government imposes a 15% tax on the price of a good. How much does the consumer pay for a good…

A: Government and central bank are important for the economy. Some countries have certain resources in…

Q: What happens to a country's economy if there is a high tax for the company that earns more in that…

A: Taxes are the mandatory payments that has to he made to the government.

Q: With the help of appropriate diagrams, explain how a tax can be used to reduce the consumption of a…

A: Tax are contribution to goverment which are levied on individual as well as or a firm which are…

Q: What are the price controls of the government?

A: At the marketplace, price control is one of the government policies as the intervention in market to…

Q: What is the price that suppliers will receive after the tax? а. 30

A: When govt imposes tax on either buyer or seller, burden of the tax will be shared by both by buyer…

Q: What would happen if the government imposes a price ceiling on oil and gas prices, how would this…

A: Price control is undertaken by the government to increase the welfare in the economy. Price ceiling…

Q: What are the implications of the welfare on consumers, producers and the society?

A: The study of how the distribution of resources and commodities impacts social welfare is known as…

Q: Are modern price controls such as ceiling and floors, similar? Why or why not?

A: Price ceiling is below equilibrium price level.

Q: What will happen if the government shuts down, will gas prices go up?

A: Yes, the prices of the gas will definately be affected if the government shut downs.Since, it is the…

Q: What are pros and cons to increasing the gasoline tax?

A: Taxes are unintended fees placed on individuals or companies and levied by a government agency –…

Q: What is the source of DWL? What is the recipe for finding the area of consumer surplus (CS)? Hint:…

A: DWL stands for deadweight loss. Consumer Surplus is the difference between what the consumer is…

Q: Instructions: Enter your answers as a whole number. Individual 1 Individual 2 Individual 3 Demand…

A: Market demand for a public good is the vertical summation of individual's demand.  Vertical…

Q: Is it true, as many people claim, that taxes assessed on producers are passed along to consumers?…

A: Taxes are obligatory contributions levied by a government agency on people or companies. Taxation…

Q: How do price controls affect the market?

A: Price control is the technique used by the government to stabilize the demand and supply in the…

Q: What are the implications if the government started to control prices for products and how would…

A: The determining of market prices through the dynamic interaction of supply and demand is that the…

Q: Congress and the president decide that the United States should reduce air pollution by reducing its…

A: The decision made by congress and president of the United States to reduce air pollution by taxing…

Q: Why does the government ass excise taxes to certain products?

A: In a market, government intervenes in different ways by providing subsidies or imposing taxes.

Q: Is the market for electricity regulated?

A: Electricity market usually characterized by the monopoly market structure. Generally, government…

Q: Give at least 3 of the factors that affect food security?

A: Food security is made public as physical and economic access to adequate food to satisfy the dietary…

Q: The maximum legal price which is the suppliers can charge for a particular service or good is called…

A: According to the given question Maximum legal price is basically resisted by the government on…

Q: tax

A: The generated demand by the consumers with given prices at a given duration depicts demand. The…

Q: Suppose a good costs $5. Then, the government imposes a $2 tax on the good. What will the after-tax…

A: The exact value of the after tax price will depend on the steepness of the demand and supply curve.…

Q: B. $2.00 C. $2.20 D. $2.60 E. $1.80

A: The equilibrium in the market is where the demand and supply curve intersect. When the tax is…

Q: Suppose the California legislature passed a sweeping law to DECREASING the parking requirements and…

A: 1.When the government decided to reduce the parking requirements for the housing along with setback…

Q: If the government imposes a tax of 8% on luxury cars that the consumer must pay, why does the…

A: The tax is shared by the consumer and producer based on the elasticity of the demand and supply. If…

Q: Which one of the two policies, a tax on pork meat consumption, or a tax on pork meat production, is…

A: Pork sector of animal husbandry is very unorganized sector. It mostly distributed under small…

Q: What are the disadvantages of petrol subsidies?

A: Subsidy is a defined as the form of Government help which is provided to lower down the price of…

Q: How does a tax on sellers affect the market equilibrium?

A: For sellers of a product, a tax is imposed. The direct effect of the tax in this situation is on the…

Q: Show graphically and explain how an increase in environmental awareness affects the market for…

A: Answer: An increase in environmental awareness will lead people to decrease the consumption of…

Q: Why do producers have more interest in government regulations than consumers do?

A: Government regulations are those laws and rules which are used for placing limitations on businesses…

Q: If the government places a $500 tax on luxury cars,will the price paid by consumers rise by more…

A: Tax is a compulsory payment that is imposed by the government either directly or indirectly on the…

Q: What is consumerism? What rights do consumers have, and why do somecritics feel buyers need more…

A: Consumers: An individual or a gathering who plans to request, request, or uses bought merchandise,…

Q: What is the market structure in retail gasoline?

A: Gasoline market is an oligopoly market because there are few gasoline firms.Therefore cartel…

Q: How would supply and demand effect the oil production is saudi arabia?

A: The market forces of demand and supply are considered to be the major determinants of price and…

Q: A national study of U.S. colleges results in a demand equation q=20000-2p where q is the enrollment…

A:

Q: How supplier affect the supply of goods to the public market?

A: At the marketplace, suppliers are the market participants who provided goods and services to…

Q: The Indian government places a Rs. 1,000 tax on smart phones, will the price paid by consumers raise…

A: If the tax is levied on any good, the price paid by consumer increases and price received by the…

Q: what does it mean for a market to be charcterized

A: A market is a particular place where two parties come together or meet to facilitate the exchange of…

Q: Given: QS = 140,000 + 36p QD = 200,000 – 24p 1. Compute the equilibrium price and quantity.

A: