Assume shoes must be purchased in integer quantities. RuPaul and Priyanka are performers. The table shows the demand schedule for shoes for each drag queen. That is, while RuPaul demands 3 pairs of shoes when the price is €126, Priyanka demands 3 pairs when the price is €115. What is the change in consumer surplus if a per-unit tax increases market price from €109 to €124? Q RuPaul Priyanka 1 €159 €131 2 €138 €120 3 €126 €115 4 €108 €101 5 €78 €93 6 €55 €86

Assume shoes must be purchased in integer quantities. RuPaul and Priyanka are performers. The table shows the demand schedule for shoes for each drag queen. That is, while RuPaul demands 3 pairs of shoes when the price is €126, Priyanka demands 3 pairs when the price is €115. What is the change in consumer surplus if a per-unit tax increases market price from €109 to €124? Q RuPaul Priyanka 1 €159 €131 2 €138 €120 3 €126 €115 4 €108 €101 5 €78 €93 6 €55 €86

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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