Question.2167 - Please follow all directions provided in Canvas for submission of this assignment. You must submit your work in the form of either a Microsoft Word document or a PDF file, one file only. No other formats will be accepted. As with all other assignments, please utilize well-executed, clearly constructed graphs where requested. Please remember to: Label all axes (P, Q) Label all lines/curves (Demand, Supply) Label all relevant equilibrium points Label intercepts for your linear demand and supply. (Intercepts are the points where the lines intersect the axes. For example, if a demand curve intersects the price axis at P=100, indicating that at P=100, 0 units are demanded, you should label that point on the axis with the price of 100). Please limit your depictions of supply and demand only to the non-negative values of P and Q (e.g., utilize only Quadrant 1 of the coordinate plane). This means that your supply curve will have one applicable intercept on the P-axis, while the demand curve will have two applicable intercepts on the P- and Q-axes. This assignment consists of 4 (four) questions. Please make sure that you complete all of them. We suggest that you utilize this Microsoft Word template for completing this assignment.
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Question xxxxxx nbsp xxx city xx Chambana xxx a xxxxx number xx video xxxxx arcades xxx demand xx patrons xxx the xxxxx in xxxxxxxxx per xxxx is xx nbsp xxxxx P xxxx and xxx supply xx Qs xxxx P xxxxx where x nbsp xx the xxxxx in xxxxx nbsp xxxxxxx to xxxx a xxxx nbsp xxxx is xxx equilibrium xxxxxx quantity xx games xxxxxx What xx the xxxxxxxxxxx price xxxx a xxxxxxx depicting xxx equilibrium xx this xxxxxx You xxx not xxxx required xx show xxxx algebraic xxxxxxxxxxxx in xxxx response xxxxxx be xxxxxxx and xxxxxxxxxx with xxxx units xx measurement xxxx Qd x PQs xx We xxxx Qd xx - x P- x P x P xxxxxxx the xxxxx of x in xxxxxxxx Qd xx - x - xxxxxxxxxxx Quantity xxxx Equilibrium xxxxx nbsp xxxx nbsp xxxxxxxx points xxxx Continue xxxx analysis xx the xxxxx poker xxxxxx in xxxxxxxx demand xx patrons xxx the xxxxx in xxxxxxxxx per xxxx nbsp xx Qd xxxx ndash x nbsp xxx the xxxxxx is xx nbsp x ndash xxxxx P xxxx is xxx price xx cents xxxx charged xx play x game xxx suppose xxxx the xxxx of xxxxxxxx passes x new xxx which xxxxxxxx that xxx video xxxxx arcades xxxxxxxxxx m xxxx cents xx a xxxx charitable xxxx for xxxx game xxxx played xx their xxxxxxxx This xx essentially xx excise xxx In x new xxxxxxx show xxx effect xx the xxx law xx the xxxxxx and xxxxxxx this xxxxxx Do xxx try xx give xx algebraic xxxxxxxx just xxxx what xxxxxxx graphically xxx provide x description xxxxxx be xxxx to xxxxxxxxxx how xxx tax xx m xxxx cents xxxxxx a xxxxxxxx curve xxxxxxxxxx with xxx approach xx rsquo xx taken xx this xxxxxx in xxxxxxxx taxes xxx subsidies xxxxxxx indicate xxx distance xx which xxx curve xxx shifted xxxxxx that xxx direction xx the xxxxx nbsp xxxxxxx a xxxxxxxx meaning xx economics xxx depicting xxxxxxxx subsidies xxxxxxxxxxx indicate xxx incidence xx taxation xx consumers xx well xx arcade xxxxxx producers xx not xxxxxxx to xxxxxxxx the xxxxxxxxx of xxxxxxxx Explain xxxx incidence xx taxation xx and xxxx your xxxxx tells xxx about xxx incidence xx taxation xx this xxxx Suggested xxxxxxxx volume xx paragraphs xxxx The xxxxxx Curve xxxxx left xxx up xxxx occurs xxxxxxx the xxxxxxxx is xxxxxxxx to xxx the xxxxxx tax x on xxx of xxx other xxxxx At xxx given xxxxx along xxx supply xxxxx this xxxxxx equally xx a xxxxxx the xxx supply xxxxx moves xxxx and xxxxxx In xxxxxxxxxx the xxxxx is xxxxxxx equal xx the xxx which xx this xxxxxxxx is x nbsp xxx percentage xxxx the xxxxxxxx and xxxxxxxx respectively xxx to xxxxxx the xxxxxxxxxx of xxx city xx Chambana xxx is xxxxx as xxx incidence xx taxes xxx graph xxxxx does xxx include xxxxxxx on xxx tax's xxxxx amount xxxxxxxx that xxx incidence xx distributed xxxxxxx Consumers xxx Producers xxxxxx equitably xxxx nbsp xxxx Question xxxxxx nbsp xxxxxxx there xx a xxxxx island xxxxxx with xx international xxxxx but xxxxxxx of xxxxxxx many xxxxx of xxxxxxxxxx Consider xxx market xxx tomatoes xx this xxxxxx and xxx our xxxxxxxx suppose xxx currency xx this xxxxxx nation xx called xxxxxxx a xxxx original xxxx Assume xxx demand xxx tomatoes xx Qd xxxx ndash x nbsp xxxxx supply xx described xx Qs xxxx P xxxxx where x nbsp xx the xxxxx in xxxxxxx per xxxxxxxx of xxxxxxxx and x nbsp xx the xxxxxxxx of xxxxxxxx expressed xx thousands xx kilograms xxxxxxxxx the xxxxxxxxxxx price xxx quantity xx the xxxxxx for xxxxxxxx Graphically xxxxxx this xxxxxxx labeling xxx demand xxxxx as x nbsp xxx supply xxxxx as x You xxx not xxxx required xx show xxxx algebraic xxxxxxxxxxxx in xxxx response xxxxxx be xxxxxxx and xxxxxxxxxx with xxxx units xx measurement xxxx Qd xxxxx P xx P xxxxx Qd xx - x P- x P x P xxxx Qd x Q xxxx nbsp xxxx Question xxxxxx nbsp xxxxxxx the xxxxxxxxxx of xxx island xxx decided xx make xxxxxxxx more xxxxxxxxxx to xxxxxxxxx by xxxxxxxx a xxxxx per xxxx nbsp xxxxxxx nbsp xxxx start xxxx the xxxxxxxx demand xx nbsp xxxxx P xxx supply xx nbsp x ndash xxx analyze xxxx new xxxxxxxxxxxx the xxxxxxx The xxxxxxx works xxxx this xxxxxx sellers xxxxxxx a xxxx refund xxxx the xxxxxxxxxx for xxxx kilogram xx tomatoes xxxx sell xx consumers xxxx Write xxxx the xxxxxxxx for xxx new xxxxxxxxx supply xxxxx Determine xxx new xxxxxxxxxxx quantity xxx equilibrium xxxxx What xx the xxxxx that xxx consumers xxxx pay xxx their xxxxxxxx What xx the xxxxx that xxx producers xxxx effectively xxxx for xxxxx tomatoes xxxxxxxxx of xxx subsidy xxx much xxxx the xxxxxxxxxx spend xx tomato xxxxxxxxx in xxxx case xx total xxxxxx the xxxxx of xxxxxxxxxxx P xxxx is xxx price xx dollars xxx kilogram xx tomatoes xxx Q xxxx is xxx quantity xx tomatoes xxxxxxxxx in xxxxxxxxx of xxxxxxxxx Produce x new xxxxx depicting xxx new xxxxxxxxxxxx equilibrium xxxxxxxx with xxxxxx values xxx the xxx price xxx quantity xxxxxx include xxx original xxxxxx curve xx this xxxxx in xxxxxxxx to xxx new xxxxx effective xxxxxx rdquo xxxxx and xxxxxxx label xxx shift xxxx the xxxxxxxx supply xxxxx to xxx new xxxxx effective xxxxxx rdquo xxxxx graphically xxxxxxxxxx the xxxxxxxxx and xxxxxxxxx of xxx shift xxxxx the xxxxxxxx supply xx labeled xx S xxxxxx label xxx new xxxxx effective xxxxxx rdquo xx S xxxx Equation xx P- xxxx Qd x P xx P- xxxx Qd xx - x P- x P xx - x P x P x P xxxx Qd x PQd xxxx nbsp xxx newly xxxxxxxxxxx equilibrium xxxxx indicates xxxx the xxxxxxxx will xxx pay xxx tomatoes xxx point xxxxx Q xxx S xxxxxxx represents xxx price xxxx growers xxxx actually xxxxxxx for xxxxx tomatoes xxxx amounts xx a xxxxxx effective xxxxxx for xxx manufacturers xxxxMore Articles From Finance
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