Compute the new equilibrium price and quantity after 6% service and sales tax imposed on buyer/consumer. QD
Fantastic news! We've Found the answer you've been seeking!
Question:
Compute the new equilibrium price and quantity after 6% service and sales tax imposed on buyer/consumer.
QD = 900 – 2P + 3PA + 0.4M + 1.5A
QS = 45,500 + 0.5P
where
QD = quantity demanded
P = price of Myvi
PA = price of Axia
M = average consumer’s income
A = promotional expenses
QS = quantity supplied
Related Book For
Posted Date: