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Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince
النسخة 8الرقم المعياري الدولي: 978-1259129858Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince
النسخة 8الرقم المعياري الدولي: 978-1259129858 تمرين 5
Suppose demand and supply are given by
a. Determine the equilibrium price and quantity. Show the equilibrium graphically.
b. Suppose a $12 excise tax is imposed on the good. Determine the new equilibrium price and quantity.
c. How much tax revenue does the government earn with the $12 tax?
a. Determine the equilibrium price and quantity. Show the equilibrium graphically.
b. Suppose a $12 excise tax is imposed on the good. Determine the new equilibrium price and quantity.
c. How much tax revenue does the government earn with the $12 tax?
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Equilibrium in a market is achieved at a...
Managerial Economics & Business Strategy 8th Edition by Michael Baye,Jeff Prince
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