Draw the supply and demand curves associated with the tables below. a. What is equilibrium price and

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Draw the supply and demand curves associated with the tables below.

Price $0.00 50 200 .50 100 175 150 1.00 150 1.50 200 125 2.00 250 100

a. What is equilibrium price and quantity?

b. What is equilibrium price and quantity with a $0.75 per-unit tax levied on suppliers? Demonstrate your answer graphically.

c. How does your answer to b change if the tax were levied on consumers not suppliers? Demonstrate your answer graphically.

d. What conclusion can you draw about the difference between levying a tax on suppliers and consumers?

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Macroeconomics

ISBN: 978-1259663048

10th edition

Authors: David C. Colander

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Question Posted: Dec 05, 2018 07:02 AM

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Draw the supply and demand curves associated with the tables below. a. What is equilibrium price and

Question:

Price $0.00 50 200 .50 100 175 150 1.00 150 1.50 200 125 2.00 250 100

Step by Step Answer:

a The quantity supplied and demanded equal each other when the price is 100 The equilibrium price is ...View the full answer

Macroeconomics

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