Question: Consider the market for laptop computers. The demand for laptops is Q = 1800 - 3P. Suppose the supply of laptops is given by Q


Consider the market for laptop computers. The demand for laptops is Q = 1800 - 3P. Suppose the supply of laptops is given by Q = - 200 +2P. What is the equilibrium price of laptops? 400 What is the equilibrium quantity of laptops? 600 What is the price elasticity of demand at the equilibrium price and quantity? -1.5 What is the price elasticity of supply at the equilibrium price and quantity? -1.5 For the next seven questions, suppose a per-unit excise tax of $80 per laptops is levied on the consumers. What price will sellers receive after the tax is levied? 480 What price will consumers pay after the tax is levied? 464 What percent of the tax will be paid by the consumers of laptops? 40 give an answer between 0 and 100) What percent of the tax will be paid by the suppliers of laptops? 60 give an answer between 0 and 100) How many laptops will be sold after the tax is imposed? | 600 How much consumer surplus do consumers get after the tax? 42336 What is the deadweight loss created by this tax? 3840
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