The table below gives the demand schedule for running shoes for two consumers, Ashtete and Brigid. That is, while Ashtete demands 3 pairs of shoes when the price is €116, Brigid demands 3 pairs when the price is €112. What is the change in consumer surplus if a per-unit tax increases market price from €102 to €125? Ashtete Brigid 1 €159 €137 2 €140 €120 3 €116 €112 €94 €108 €74 €94 €66 €86 Assume quantities must be integers, round to two decimal places and do not enter the currency symbol. If your answer is -€1.275, enter -1.28. 4.

The table below gives the demand schedule for running shoes for two consumers, Ashtete and Brigid. That is, while Ashtete demands 3 pairs of shoes when the price is €116, Brigid demands 3 pairs when the price is €112. What is the change in consumer surplus if a per-unit tax increases market price from €102 to €125? Ashtete Brigid 1 €159 €137 2 €140 €120 3 €116 €112 €94 €108 €74 €94 €66 €86 Assume quantities must be integers, round to two decimal places and do not enter the currency symbol. If your answer is -€1.275, enter -1.28. 4.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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