Demand for novels is given by D(p)=68.00-3.00pD(p)=68.00-3.00p, and the supply function is S(p)=2.00p Give all answers to two decimals. 1.a) What is the equilibrium price for novels? b) What is the equilibrium quantity? 2. Suppose a $1 per-unit tax is imposed on buyers of novels. Find the equilibrium price buyers pay, the price sellers receive, and the quantity with the tax. a) Buyers pay $. b) Sellers receive _ S. c) ____ sold novels are sold. (How many novels are 3. Would the answer to Part 2 be different if the tax were charged to sellers instead of buyers? A. Yes B. No C. not enough information to say

Q: None

A: Explanation of Beta:Beta measures a stock's volatility relative to the market. A higher beta…

Q: None

A: When the Federal Reserve raises interest rates in a closed economy, borrowing money becomes more…

Q: Don't use Ai

A: If I were a policy analyst focused on ICER (Institute for Clinical and Economic Review) and…

Q: in the answers, show the shifts curve graphs as well

A:

Q: Consider the following sequential move game. First player A must decide whether to play Out or In.…

A: Let's break down the reasoning step-by-step:Game Structure:Player A's Initial Decision:Out: The game…

Q: Need a qualified experts answer will dislike if incorrect answer

A: Exercise 1.3: Three-Player Simultaneous Game (a) Represent the Situation as a Game-FramePlayers and…

Q: Please correct answer and don't use hand rating

A: A demand curve represents the relationship between the price of a good and the quantity demanded by…

Q: Solve the problem. Show work and do not use AI

A: Define "Terms of Trade": Terms of Trade (TOT) is defined as the ratio of the prices of a country's…

Q: None

A: Approach to Solving the QuestionTo effectively address this task, I adopted a comparative approach.…

Q: O Macmillan Learning Sizing Up the Economy Using GDP- Work It Out The table displays price and…

A:

Q: The following histogram shows the exam scores for a Prealgebra class. Use this histogram to answer…

A: To find the upper-class limit of the second class in the histogram:1. Identify the second class: The…

Q: 8 Write an email (120-150 words) to ask for • information about an activity that you would like to…

A: Subject: Inquiry About Yoga Classes Dear Sir/Madam, I recently came across your yoga classes while…

Q: Do not use Ai

A: When advising the government on whether to adopt a Monetarist or Keynesian approach to tackle an…

Q: If the NAIRU is 6 percent and the actual unemployment rate is 8 percent, A. it will get stuck there…

A: If the real unemployment rate is 8% but the NAIRU is 6%, demand factors will drive wages lower. This…

Q: Macmillan Learning Suppose you have midterms in economics and astronomy tomorrow, and you only has…

A: The maximum no, of hours that can be used to study is four. Now the student can either devote all…

Q: Don't use Ai

A: We will conduct a step-by-step analysis of the situation based on the concerns presented in order to…

Q: You are a shareholder in a corporation which has elected subchapter S tax treatment. The corporation…

A: To calculate the tax you must pay per share, let's break down the steps:  1. Determine the dividend…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Approach to solving the question: 1. **Identify Equilibrium Conditions**: Set the demand equal to…

Q: Use the accompanying graph to answer these questions. 20 1 S 286 18 Price of X ($) 16 14 12 10 8 6 4…

A: A price ceiling is a government-imposed limit on how high a price can be charged for a product. When…

Q: Please correct answer and don't use hand rating

A: we need to consider the relationship between the quantity demanded, the price, and the utility…

Q: not use ai please

A: The daily change in consumer surplus can be calculated as the area between the demand curve and the…

Q: Please all questions and explain in detail

A: 4.1 Derive the Total Market Demand Curve for Rubber ErasersThe total market demand curve is the sum…

Q: Do not use chatgpt.

A: In a perfectly competitive market, firms are price takers, meaning they cannot influence the market…

Q: help  please answer in text form with proper workings and explanation for each and every part and…

A: Ans. ) Given the question is to find the optimal consumption bundle. Optimal consumption bundle is…

Q: Ch 4, q1. In a photocopy of Figure 4.1, find and label the following points: a. a point D such that…

A: Let me clarify and correct the response to ensure it's 100% accurate. • Part (a): Finding Point D •…

Q: None

A: Step 1: Step 2: Step 3: Step 4:

Q: not use ai please

A: When a company like Amazon repurchases shares at the market price, it essentially buys back some of…

Q: 4. The demand for good Xis given by Q=1,200-P P+1 P,-8P, +11 M 8P₂+ 10 Research shows that the…

A: Step 1:To solve the given problem, let's break it down step by step:The demand function for good X…

Q: Don't use Ai

A: Reference:Spencer,  Herbert | Internet Encyclopedia of Philosophy. (n.d.).…

Q: 8.2 Oxana is conducting research on the demand for cleaner air in Novosibersk. She notices that the…

A: 1. Relationship Between Pollution Levels and Rent:• X-Axis (Horizontal): Pollution levels (in…

Q: Reducing inflation will tend to be costly if a. policymakers are credibly committed to low…

A: Step 1: Define what expectations of inflation isExpectations of inflation represents the rate at…

Q: Explain the scope and importance of farm management?

A: Scope of Farm Management1. **Decision Making**: Farm management involves making numerous day-to-day…

Q: Graph the long-run impact of a permanent reduction in the fiscal deficit and show how this policy…

A: A fiscal deficit occurs when a government's total expenditures exceed the revenue that it generates,…

Q: Don't use chatgpt..

A: Detailed explanation:YearGDP Growth Rate (%)TFP Growth Rate…

Q: not use ai please

A: Key Takeaway:The intricate relationship between domestic output, net exports, and the exchange rate…

Q: Make Lucy's Present value span all three columns. Make Schroeder's Excused value span the Tuesday…

A: The question is asking to modify a table in HTML. The table has three columns, and we need to make…

Q: not use ai please

A: 1. **Budget Constraints**  - **Constraint:** Limited financial resources available for the project.…

Q: None

A: Gathercole's research focuses on the role of working memory in early childhood education. Working…

Q: Topic-1 and Topic-2 Tutorial questions 1. What is economics? 2. 3. 4. 5. 6. Write short notes on the…

A: 1. What is Economics?Economics is the science that deals with the way people, firms and governments…

Q: can you answer part b only, provide the graphs and explain please    a) Assume an economy that…

A: Let us solve the part b of the question step by step:1. The premise of anchored inflation…

Q: None

A: In the long-term, all costs are variable and firms have the flexibility to change their operations.…

Q: None

A: Part 1:Answer: To determine the equilibrium prices P1 and P2 for the two-commodity market model, we…

Q: None

A: There is a recessionary gap since the economy is contracting. This indicates that the economy is not…

Q: How to draw a supply curve to the right

A: In economics, a supply curve is a graph that illustrates the relationship between the price of a…

Q: Entrepreneurship can be described as one of the necessary conditions for economic development.…

A: Entrepreneurship is crucial for economic development, especially in a country like Namibia, where it…

Q: Dollars 10 10 8 5 Dumping by Monopolist 4 5 MRdom 10 Ddom MC Dfor= MRfor Quantity Refer to above…

A: To determine the marginal (opportunity) cost of selling a ton domestically given the opportunity to…

Q: help please answer in text form with proper workings and explanation for each and every part and…

A: Part 1: Calculating Total Estimated Costs and Percentage of CompletionStep 1: Calculate Total…

Q: Engineering Econ Hw1 Q2

A: The power sizing model is a method used in economics to estimate the cost of a project based on the…

Q: Select one topic from the list below related to money and banking for the course. Once you have…

A: The 2007-2008 mortgage crisis, also known as the subprime mortgage crisis, was a nationwide banking…