Q3: Consider the market for pineapples in a small island nation. Qd = 80 - 2P…………1 And Qs = 20 + 3P………...2 a. What is the market equilibrium price and quantity? b. Suppose the government imposes a per unit tax of $6 on consumers, find the new market equilibrium? ( show your answers) c. What is the tax share tolerated by each consumer and producer.

Q3: Consider the market for pineapples in a small island nation. Qd = 80 - 2P…………1 And Qs = 20 + 3P………...2 a. What is the market equilibrium price and quantity? b. Suppose the government imposes a per unit tax of $6 on consumers, find the new market equilibrium? ( show your answers) c. What is the tax share tolerated by each consumer and producer.

Name: Q3: Consider the market for pineapples in a small island nation.Qd = 8
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Description: Q3: Consider the market for pineapples in a small island nation.Qd = 80 - 2P…………1And Qs = 20 + 3P………...2a. What is the market equilibrium price and quantity?b. Suppose the government imposes a per unit tax of $6 on consumers, find the new market equi

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Please answer on d and e Thank you
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