Suppose the demand and supply curves for bauxite in a country are as follows, where p...

 

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Suppose the demand and supply curves for bauxite in a country are as follows, where p is $ per ton and Q is thousands of tons per year: QD-6000-4PB Qs =2ps • Calculate market equilibrium p*: $ Calculate market equilibrium Q*: thousand tons Suppose a tax of $300 per ton is introduced to the market (above), collected from the sellers: • Calculate net-of-tax equilibrium price paid by buyers: $ • Calculate net-of-tax equilibrium price received by sellers: $ Calculate after-tax equilibrium quantity of bauxite: thousand tons • Of the $300 per ton in tax, how much (in $ per ton) is paid by sellers? $ Suppose the demand and supply curves for bauxite in a country are as follows, where p is $ per ton and Q is thousands of tons per year: QD-6000-4PB Qs =2ps • Calculate market equilibrium p*: $ Calculate market equilibrium Q*: thousand tons Suppose a tax of $300 per ton is introduced to the market (above), collected from the sellers: • Calculate net-of-tax equilibrium price paid by buyers: $ • Calculate net-of-tax equilibrium price received by sellers: $ Calculate after-tax equilibrium quantity of bauxite: thousand tons • Of the $300 per ton in tax, how much (in $ per ton) is paid by sellers? $

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1Calculate market equilibrium p 2 Calculate market equilibrium Q The market equilibrium price and qu... View the full answer