In the figure below, the change in demand and cost in the Sweezy model is examined. Explain the basic assumptions and equilibrium of the Sweezy model.

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Q: explain the inportance of demand analysis to business

A: Analysis of demand means acknowledging the demand of consumers in a given market for a product or…

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A:

Tax Incidence Analysis

Tax incidence analysis is a kind of economic analysis. It helps to understand the division of tax burden between stakeholders. Tax incidence also relates to the price elasticity of demand and supply. The producers and consumers may valuate their tax burden with the help of tax incidence analysis. It also helps to calculate the burden of a new tax. It is the effect of a particular tax and analysis of tax occurrence in the economy.