P = -4Qd +50P = 40, +10A tax of 8JD is imposed on every unit sold Answer thequestion in accordance with the following graph1. Equilibrium quantity before tax is imposed :a) 5b) 25c) 15E) Otherwise2. Equilibrium price before tax is imposed :a) 45b) 55c) 70E) Otherwise3. Equilibrium quantity after tax is imposed :a) 30b) 25c) 15E) Otherwise4. Equilibrium price after tax is imposed :a) 45b) 55c) 70E) Otherwise5. Values of dimensions at point A:a) 0,100b) 0,50c) 0,120E) Otherwise6. Values of dimensions at point B:b) 60,0a) 30,0c) 50, 0E) Otherwise7. Portion of the tax born by consumer is:a) 30b) 5c) 20E) Otherwise8. Portion of the tax born by producer is:a) 10b) 20c) 30E) Otherwise9. The distance FC is :a) 5b) 10c) 50E) Otherwise10. The slope of the demand function is :b) -2a) 2c) 4E) Otherwisehand written plzd) 10d) 30d) 10d) 100d) 50,0d) 0,10d) 10d) 25d) 80d) -4

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P = -4Q+50 P = 40, +10 A tax of 8JD is imposed on every unit sold Answer the question in accordance with the following graph 1. Equilibrium quantity before tax is imposed: a) 5 b) 25 c) 15 E) Otherwise 2. Equilibrium price before tax is imposed : a) 45 b) 55 c) 70 E) Otherwise 3. Equilibrium quantity after tax is imposed : a) 30 b) 25 c) 15 E) Otherwise d) 10 d) 30 d) 10

P = -4Q+50 P = 40, +10 A tax of 8JD is imposed on every unit sold Answer the question in accordance with the following graph 1. Equilibrium quantity before tax is imposed: a) 5 b) 25 c) 15 E) Otherwise 2. Equilibrium price before tax is imposed : a) 45 b) 55 c) 70 E) Otherwise 3. Equilibrium quantity after tax is imposed : a) 30 b) 25 c) 15 E) Otherwise d) 10 d) 30 d) 10

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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