Question: QD = 9 , 0 0 0 3 0 P P = 4 5 + QS Assume the government puts a tax of 3 on
QD P
P QS
Assume the government puts a tax of on each apple sold. We never defined the currency units in Checkin Exam # so you can ignore them.
As a reminder, the equilibrium price for apples was again unitless and the equilibrium quantity was In addition, at the equilibrium, the elasticity of demand D while the elasticity of supply SYou can go and check the answer key from Checkin Exam # if youd like. Please do NOT work out that these are the right answers Im telling you they are.
points What is the price that producersfirms will get to keep for each apple they sell calculate out to decimal places
points What is the price that consumers will pay for each apple bought calculate out to decimal places
points What is the equilibrium quantity of apples sold in the market calculate out to one decimal place
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