Business, 18.02.2021 21:10 wdgyvwyv8840

Consider two markets that are similar in almost every way. Demand in one market is quite elastic though while demand in the other is quite inelastic. They have the same supply and the same equilibrium price and quantity. Suppose that the same size tax is placed on each market. Sort the effects of the tax based on their relative size in the different markets. If they are of equal size, leave the item unplaced. Pseller is the price the seller receives after the tax, Pbuyer is the price the buyer pays after the tax, and Qtax is the quantity produced after the tax. A. Pseller
B. Producer surplus after the tax is imposed
C. Government revenue
D. Qtax
E. Pbuyer
1. Smaller when demand is elastic
2. Smaller when demand is inelastic

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:30, jcotto3644

What do economists mean when they use the latin expression ceteris paribus?

Answers: 3

continue

Business, 21.06.2019 20:30, aidy8665

Afactory owner wants his workers to produce as many widgets as they can so he pays his workers based on how many widgets they produce. however, in order to make sure that the workers do not rush and produce a large number of poorly made widgets, he checks the widgets at random at various stages of their manufacture. if a defect is found in a widget, the pay of the entire section of the factory responsible for that defect is docked. how is this factory owner seeking to solve the agency conflict problem in this case?

Answers: 2

continue

Business, 22.06.2019 11:30, pettygirl13

Florence invested in a factory requiring. federally-mandated reductions in carbon emissions. how will this impact florence as the factory's owner? a. her factory will be worth less once the upgrades are complete. b. her factory will likely be bought by the epa. c. florence will have to invest a large amount of capital to update the factory for little financial gain. d. florence will have to invest a large amount of capital to update the factory for a large financial gain.

Answers: 1

continue

Business, 22.06.2019 13:50, Jessieeeeey

Classify each of the following items as a public good, a private good, a natural monopoly good, or a common resource.(a) measles vaccinations (b) tuna in the pacific ocean (c) airline service in the united states (d) local storm-water system

Answers: 1

continue

You know the right answer?

Consider two markets that are similar in almost every way. Demand in one market is quite elastic tho...