Plot the supply and demand curves in MS Excel : Find the market equilibrium price and quantity Find consumer and producer surplus Repeat the calculations for the case of adding 30 SAR as a tax. What is the deadweight loss after adding the tax.

Plot the supply and demand curves in MS Excel : Find the market equilibrium price and quantity Find consumer and producer surplus Repeat the calculations for the case of adding 30 SAR as a tax. What is the deadweight loss after adding the tax.

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

Asap plzzz

Given supply and demand quantities as
functions of price:
Supply: Qs = 30 + P
Demand: Qd = 110 -P
Plot the supply and demand curves in MS
Excel :
Find the market equilibrium price and
quantity Find consumer and producer
surplus Repeat the calculations for the case
of adding 30 SAR as a tax. What is the
deadweight loss after adding the tax.

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