What is the difference between the primary market and thesecondary market?

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: The figure below shows the market of physician visit. Current market price for each physician visit…

A: Since you have posted a question with multiple sub parts, we will solve first three subparts for…

Q: What happens to the market equilibrium price and output when tax is imposed on  the buyers? Is the…

A: Taxation refers to the compulsory charge imposed by the government on the users of certain goods,…

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

A: The equilibrium in the market establishes where the dd meets the ss. Therefore, by equating QD with…

Q: ppose that the government imposes a tax on cigarettes. Use the diagram below to answer the…

A: When the government Imposes tax it directly increases the Revenue of the government and the burden…

Q: juestions: i. Find out the equilibrium price and quantity before tax. ii. Find consumer and producer…

A: The consumer surplus refers to the difference between what a consumer is willing to pay and what…

Q: If the market price before the tax is $10.05, the tax implemented is $5.9 on buyers, and the market…

A: The tax is the charge or fee on goods and services charged from the economic agent imposed by the…

Q: Consider the labor market, i.e. the market for hours of work. When analyzing labor markets, price is…

A: Answer: Given, Minimum wage imposed by the government = $15 per hour Demand function; Q=25-P Supply…

Q: Suppose Lewis lives in a community with no price controls. What would he expect will happen if his…

A: A price floor is a minimum price chargeable legally in the market. A price floor becomes binding…

Q: The demand and supply functions for three (03) goods are given as follows: Dx = 100-3Px+Py+3Pz…

A: Equilibrium is essential for achieving both a fair and productive economy. When a system is at its…

Q: Consider the labor market. Draw a graph

A: Labor market is a supply and demand of workers, in which employees provide the supply and employers…

Q: Daner Tan 90 100 Quantity What was the equilibrium price in this market before the tax? a. $1 b. $8…

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

Q: QUESTION 8 This question explores how a wage subsidy like the EITC impacts the labor market. Suppose…

A: 1) Given; Labor demand; w=17-2LLabor supply; LS=w-5                     w=LS+5 At equilibrium;…

Q: 8. Economists have argued that an Earned Income Tax Crodit is preferable to an increase in the…

A: Income tax credits refer to the tax refunds made to the workers over the income tax deducted on the…

Q: Suppose the city of Strelsau has a 10%property tax on rental properties. Rudolph makes $100,000 a…

A: a. Strelsau has a 10% property tax on rental properties. This tax rate does not depend on the value…

Q: What is the right of subrogation? When does the right of subrogation arise?

A: Subrogation by contract is a common occurrence in insurance contracts.

Q: Draw a graph that shows a binding price floor and its effects on the equilibrium, consumer surplus,…

A: A price floor is an established lower boundary on the price of a commodity in the market.…

Q: Q)please draw a graph and explain this question pls The UBC labour market can be described by the…

A: The equilibrium wage in the labor market is obtained at the point of intersection of the labor…

Q: The demand for a good is XD=1500 - 5P and the supply is XS= 1000 where X is number of units and P is…

A: Considering Bartleby Guidelines, I have solved the first two parts. Please post the third part…

Q: Rent Control (a) Use the market diagram to illustrate the imposition of a rent ceiling above the…

A: Meaning of Price Ceiling: The term price ceiling refers to the situation under which the…

Q: A $6 per unit tax is introduced into a market summarized by the demand and supply diagram below. The…

A: The equilibrium is established at price 7 $. With 6 $ tax per unit, the selling price will increase…

Q: Why was Rice Tarrification Law became a law in the Philippines?

A: Rice Tarrification Law: It is the Law which is basically related to rice trading. Tariff means means…

Q: The Australian government have suggested that they might need to increase GST to help fund the…

A: Deadweight loss: It refers to the cost which the society has to pay due to inefficiencies of the…

Q: he market demand for rose is QD = 2400–60P and the market supply for rose is QS= –600 +40P.…

A: Answer: At equilibrium demand equals supply, therefore 2400–60P = –600 +40P P =30 If govt imposes a…

Q: The division of a tax burden between Consumers and Producers is known as Tax IncidenceProducers bear…

A: Tax incidence refers to the ratio and the manner according to which tax is being divided among the…

Q: Consider the labor market. Draw a graph illustrating an effective minimum wage in the labor market.…

A: The labor market, otherwise called the work market, alludes to the stock of and interest for labor,…

Q: Define the term Social Discount Rate?

A: The social discount rate (SDR) is the discount rate which used to calculate the value of funds and…

Q: The imosition of a price ceiling on a market will result

A: A ‘price ceiling’ is a price control imposed by the government on a market. A government generally…

Q: How does who a tax is imposed on impact who bears the burden of the tax? If a $3 tax is imposed on…

A: Economics as a subject deals with the allocation of scarce resources among humans with unlimited…

Q: The below graph shows a market where the government has imposed a price ceiling. For each of the…

A: Consumer surplus would be the area of trapezium given by A+B+E The producer surplus has reduced to J…

Q: What is rent control?

A: Rent: It means the amount regularly paid for using land, house, or building.

Q: Briefly mention what is the social discount rate?

A: A discount rate is the rate of return that is used to convert the nominal value of future cash flows…

Q: n 2014, the U.S. House of Representatives approved a new farm bill establishing the Margin…

A: We have given the following information

Q: What is an indirect tax give two examples in economics

A: According to the given question In simple words we can say that tax is basically and compulsory…

Q: OC. the buyer and the seller split the tax evenly. O D. it is impossible to say how the tax is split…

A: Demand And Supply  Demand refers to the quantities of a commodity that the consumers are ready to…

Q: If tax incidence is not affected by whether the government makes buyers or sellers pay the tax then…

A: In a market, governement imposes tax on the exchange of goods and services between seller and buyer…

Q: Given a market model as follow: (a, b, e, f > 0) (c, d, g,h > 0) (1) Q1 = a – bP1 + eP2 - fP3 (2) Q1…

A: Given  Q1=a-bP1+eP2-fP3     ........... (1)Q1=-c+dP1-gT+hS     ........... (2) We have given two…

Q: The graph illustrates the market for Internet service Draw a point to indicate the market price of a…

A: Gathering taxes is a crucial way for nations to create public revenues that make it conceivable to…

Q: In a market where the supply curve is perfectly inelastic,how does an excise tax affect the price…

A: When the government imposes a per-unit tax on a good then both buyers and sellers of the good share…

Q: Using appropriate graph explain the effect of export tax and export subsidy. an

A: An export tax will lower domestic prices while raising foreign prices in the case of a large…

Q: Illustrate and explain the impact of a minimum wage on the labour market.

A: In the labour market, the equilibrium wage is determined by the demand and supply curve of the…