Answered: The inverse supply function for soda…

The inverse supply function for soda is: PS = 2 + QS The inverse demand function for soda is: PD = 16-QD The quantity of soda bought and sold with a $4 tax on production is: Answer:

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

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Give me a answer with proper calculation in 20 min.

The inverse supply function for soda is:
PS = 2 + QS
The inverse demand function for soda is:
PD = 16-QD
The quantity of soda bought and sold with a $4 tax on production is:
Answer:
The inverse supply function for soda is:
pS = 5+2QS
The demand function for soda is:
PD = 20-QD
The deadweight loss of a $3 subsidy to consumption is:
Answer:

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