A technology change shts the inverse eply function from 1+3y to p1+g versedemand is p21- Which of the following statements are te in epubrium1 Producer surplua inoreasesGtion82 Consumer surplus increases3 Ouantity doublesa None1 and 2C 12 and 3d 1 and 3Vour aner ie inconectThe conect aswer12 and 3The government wanta to impose a $3 per unit tax on sugar to reduce sugar consumption.is known that tases wil result in a deadweight los Given the supply function is -3p.which of the folowing inverse demand function will result in the smalest deadweight loss?Guesti9000 p outa Insufficient information to concludep-700-24p-1000-3yTUur answera inconec

We plot both the supply and demand curve and get these results:

Asechnology change shits the inverse aupply function fom i y to plg.ver demandp21y. Which of the folowing statements are e in eubrum 1 Producer surpln noeases 2 Consumer surplus incresses 3 Ouarity doubles aNone b 1 and 2 C1.2. and3 d1and 3

Asechnology change shits the inverse aupply function fom i y to plg.ver demandp21y. Which of the folowing statements are e in eubrum 1 Producer surpln noeases 2 Consumer surplus incresses 3 Ouarity doubles aNone b 1 and 2 C1.2. and3 d1and 3

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

A technology change shts the inverse eply function from 1+3y to p1+g verse
demand is p21- Which of the following statements are te in epubrium
1 Producer surplua inoreases
Gtion8
2 Consumer surplus increases
3 Ouantity doubles
a None
1 and 2
C 12 and 3
d 1 and 3
Vour aner ie inconect
The conect aswer
12 and 3
The government wanta to impose a $3 per unit tax on sugar to reduce sugar consumption.
is known that tases wil result in a deadweight los Given the supply function is -3p.
which of the folowing inverse demand function will result in the smalest deadweight loss?
Guesti9
000 p out
a Insufficient information to conclude
p-700-24
p-1000-3y
TUur answera inconec

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