Assume the supply and demand functions for your Math textbook are: p = -3*Qd + 48 p=(1/2)*Qs + 23 a) Determine the equilibrium price and quantity of your math textbook in the UAE market b) Assume a fixed tax of 4 dirham is imposed in the UAE textbook market, determine the equilibrium price and quantity of textbook traded after tax c) Comparing your results in Question (a) and Question (b), describe the impact of the tax o UAE textbook market d) As a student, would you recommend such tax ? why or why not ?

Assume the supply and demand functions for your Math textbook are: p = -3Qd + 48 p=(1/2)Qs + 23 a) Determine the equilibrium price and quantity of your math textbook in the UAE market b) Assume a fixed tax of 4 dirham is imposed in the UAE textbook market, determine the equilibrium price and quantity of textbook traded after tax c) Comparing your results in Question (a) and Question (b), describe the impact of the tax o UAE textbook market d) As a student, would you recommend such tax ? why or why not ?

Name: iAssume the supply and demand functions for your Math textbook are:p
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Description: iAssume the supply and demand functions for your Math textbook are:p = -3*Qd + 48p=(1/2)*Qs + 23a) Determine the equilibrium price and quantity of your math textbook in the UAE marketb) Assume a fixed tax of 4 dirham is imposed in the UAE textbook m

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question 2i
Given: Qd = 240 - 5P Qs = P Where Qd is the quantity demanded, Qs is the quantity supplied and P is the price. Suppose the government decides to impose a tax of $12 per unit on sellers in this market. Determine: A) The deadweight loss of the tax B) The TOTAL surplus after tax
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given the following information Qd=240 -5p and Qs= P Where Qd is the quantity demanded and Qs is the quantity supplied and P is the price. suppose the government decided to impose a tax of $12 per unit on the sellers in the market. Determine Demand equation, Supply Equation, buyer and seller price after tax.
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