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.
Answer Below:
Question xxxxxx The xxxx of xxxxxxxx has x large xxxxxx of xxxxx poker xxxxxxx The xxxxxx by xxxxxxx for xxx games xx thousands xxx week xx Qd x and xxx supply xx Qs x where x is xxx price xx cents xxxxxxx to xxxx a xxxx What xx the xxxxxxxxxxx number xxxxxxxx of xxxxx played xxxx is xxx equilibrium xxxxx Draw x diagram xxxxxxxxx the xxxxxxxxxxx in xxxx market xxx are xxx required xx show xxxx algebraic xxxxxxxxxxxx in xxxx response xxxxxx be xxxxxxx and xxxxxxxxxx with xxxx units xx measurement xx - xxx P- xx know xx Qs x P xx P x P x Putting xxx value xx P xx Equation xx QD x P x Equilibrium xxxxxxxx Equilibrium xxxxx Question xxxxxx Continue xxxx analysis xx the xxxxx poker xxxxxx in xxxxxxxx demand xx patrons xxx the xxxxx in xxxxxxxxx per xxxx is xx P xxx the xxxxxx is xx P xxxxx P xx the xxxxx in xxxxx 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 xxxxx to x city xxxxxxxxxx fund xxx each 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 xxxxx shifts x specific xxxxx consistent xxxx the xxxxxxxx we 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 carries x specific xxxxxxx in xxxxxxxxx for xxxxxxxxx taxation xxxxxxxxx Graphically xxxxxxxx the xxxxxxxxx of xxxxxxxx on xxxxxxxxx as xxxx as xxxxxx owners xxxxxxxxx Do xxx attempt xx quantify xxx incidence xx taxation xxxxxxx what xxxxxxxxx of xxxxxxxx is xxx what xxxx graph xxxxx you xxxxx the xxxxxxxxx of xxxxxxxx in xxxx case xxxxxxxxx response xxxxxx to xxxxxxxxxx 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 The xxxxxxxxxx that xxx Consumer xxx Producer xxxxxxxxxxxx pay xx offset xxx imposition xx the xxxx of xxxxxxxx tax xx known xx the xxxxxxxxx of xxxxx Our xxxxx which xxxx not xxxxxxx details xx the xxxxx exact xxxxxx suggests xxxx the xxxxxxxxx is xxxxxxxxxxx between xxxxxxxxx and xxxxxxxxx rather xxxxxxxxx Question xxxxxx Suppose xxxxx is x small xxxxxx nation xxxx no xxxxxxxxxxxxx trade xxx capable xx growing xxxx types xx vegetables xxxxxxxx the xxxxxx for xxxxxxxx on xxxx island xxx for xxx purposes xxxxxxx the xxxxxxxx on xxxx island xxxxxx is xxxxxx dollars x very xxxxxxxx name xxxxxx the xxxxxx for xxxxxxxx of xx P xxxxx supply xx described xx Qs x where x is xxx price xx dollars xxx kilogram xx tomatoes xxx Q 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 and xxxxxx curve xx S xxx are xxx required xx show xxxx algebraic xxxxxxxxxxxx in xxxx response xxxxxx be xxxxxxx and xxxxxxxxxx with xxxx units xx measurement xx P xx P xx Qs x P xx P x P x Qd x Q xxxxxxxx points xxxxxxx the xxxxxxxxxx of xxx island xxx decided xx make xxxxxxxx more xxxxxxxxxx to xxxxxxxxx by xxxxxxxx a xxxxx per xxxx subsidy xxxx start xxxx the xxxxxxxx demand xx P xxx supply xx P xxx analyze xxxx new xxxxxxxxxxxx the xxxxxxx The xxxxxxx works xxxx this xxxxxx sellers xxxxxxx a xxxxxx from xxx government xxx each xxxxxxxx of xxxxxxxx they xxxx to xxxxxxxxx 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 xx the xxxxx in xxxxxxx per xxxxxxxx of xxxxxxxx and x 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 xxxxxxxxx supply xxxxx and xxxxxxx label xxx shift xxxx the xxxxxxxx supply xxxxx to xxx new xxxxxxxxx supply xxxxx graphically xxxxxxxxxx the xxxxxxxxx and xxxxxxxxx of xxx shift xxxxx the xxxxxxxx supply xx labeled xx S xxxxxx label xxx new xxxxxxxxx supply xx S xxxxxxxx Qs xx Qd x P xx P- xx Qs x P xx - x P- x P x P x P x Qd x PQd 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 manufacturersMore Articles From Finance
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