Question.4600 - In the Week 1 discussion (also known as a small business scenario), you develop a specific business good or service. You should use this specific good or service for all of the remaining weeks, please do not change your good or service.Suppose a 5% tax is placed on the sale of your good or serviceDescribe what happens to the supply curve, demand curve, equilibrium price, and equilibrium quantity in the market for your good or service.Identify the type of tax imposed.Explain possible objectives for why the tax was imposed.
Answer Below:
In xxx Week xxxxxxxxxx also xxxxx as x small xxxxxxxx scenario xxx develop x specific xxxxxxxx good xx service xxx should xxx this xxxxxxxx good xx service xxx all xx the xxxxxxxxx weeks xxxxxx do xxx change xxxx good xx service xxxxxxx a xxx is xxxxxx on xxx sale xx your xxxx or xxxxxxxxxxxxxxx what xxxxxxx to xxx supply xxxxx demand xxxxx equilibrium xxxxx and xxxxxxxxxxx quantity xx the xxxxxx for xxxx good xx service xxxxxxxx the xxxx of xxx imposed xxxxxxx possible xxxxxxxxxx for xxx the xxx was xxxxxxx A xxxxx tax xx the xxxx I xxxx at xx food xxxxx would xxxxxx in xxx supply xxxxx to xxxxx to xxx left xxxxxxxxxx the xxxx of xxxx meal xxxxx I xxxxx have xx pay xxx tax xxx tax xxxx not xxxxxxxx cause x shift xx the xxxxxx curve xxxxxxx the xxxxxx in xxx price xx the xxxx will xxxxxx the xxxxxxxx demanded xxxxx Taste xxxxx s xxxxxx is xxxxxxx an xxxxxxxx in xxxxx due xx the xxx will xxxxxx cause x decrease xx quantity xxxxxxxx The xxxxxxxxxxx price xxxx also xxxxxxxx and xxx equilibrium xxxxxxxx decreases xx shifts xxxxxxx left xxxx is xxx to xxxxxxxxx in xxxxxx where xxxxxxxxx do xxx want xx spent xx much xxx food xxxxx meals xxx thereby xxxx for xxxxxxxxxxxx This xx a xxxxx tax xx consumption xxx meaning xx s xxxxxx on xxx sale xx goods xx services xx on xxx meals x sell xxxx tax xxx imposed xx raise xxxxxxx for xxx government xx could xxxx be x way xx influence xxx much xxxxxx spend xx food xx encourage xxxxxxxxxx like xxxx to xxxxxxx in xxxx way xxxx as xxxxxx sure xxxxxxxxxx is xxxx or xxxxxxxxx more xxxxxxxxxx ReferencesMankiw x Essential xx Economics xx ed xxxxxxx with xxxxxxx ISBN-More Articles From Microeconomics
.ico)
.ico)
.ico)
.ico)
