1- Given the demand and supply functions, Pa= 124 - 4.5 Q and Q. = -16.5 + 0.5P, respectively. i- Find the equilibrium point ii- Algebraically. iii- Graphically iv- If a tax of 30 per unit is imposed calculate the equilibrium point, v. The distribution of tax. Show the distribution of tax graphically.
1- Given the demand and supply functions, Pa= 124 - 4.5 Q and Q. = -16.5 + 0.5P, respectively. i- Find the equilibrium point ii- Algebraically. iii- Graphically iv- If a tax of 30 per unit is imposed calculate the equilibrium point, v. The distribution of tax. Show the distribution of tax graphically.
Microeconomics: Principles & Policy
14th Edition
ISBN:9781337794992
Author:William J. Baumol, Alan S. Blinder, John L. Solow
Publisher:William J. Baumol, Alan S. Blinder, John L. Solow
Chapter17: Taxation And Resource Allocation
Section: Chapter Questions
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i need the answer quickly
![1- Given the demand and supply functions, Pa= 124- 4.5 Q and
Q. = -16.5 +0.5P, respectively.
i Find the equilibrium point
ii- Algebraically.
iii- Graphically
iv- If a tax of 30 per unit is imposed calculate the equilibrium point,
v- The distribution of tax. Show the distribution of tax graphically.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe1b3d141-9008-41a9-9fab-f971c3a66975%2Fe1c38108-6c05-4d8c-9df0-f83f48e39e4a%2Fjso8e31_processed.jpeg&w=3840&q=75)
Transcribed Image Text:1- Given the demand and supply functions, Pa= 124- 4.5 Q and
Q. = -16.5 +0.5P, respectively.
i Find the equilibrium point
ii- Algebraically.
iii- Graphically
iv- If a tax of 30 per unit is imposed calculate the equilibrium point,
v- The distribution of tax. Show the distribution of tax graphically.
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