The quantity
Suppose the government imposes a price floor of $110. This price floor is
, and the market price will be
supplied will be and the quantity demanded will be Therefore, a price floor of $110 will result in
Instead of a price control, the goverment levies a tax on producers of $30. As a result, the new supply curve is:
Qs
2(P-30)
With this tax, the market price will be
such tax will result in
the quantity supplied will be
and the quantity demanded will be
. The passage of
Answers: 3
Business, 22.06.2019 08:30, adambbogard1589
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Answers: 2
Business, 22.06.2019 11:40, derrion67
During 2016, nike inc., reported net income of $3,760 million. the company declared dividends of $1,022 million. the closing entry for dividends would include which of the following? select one: a. credit cash for $1,022 million b. credit dividends for $1,022 million c. debit net income for $1,022 million d. credit retained earnings for $1,022 million e. debit dividends for $1,022 million
Answers: 1
Business, 22.06.2019 23:40, bakerj8395
Gif the federal reserve did not regulate fiscal policy, monitor banks and provide services for banks, what would most likely be the economic conditions to transact business in the u. s.? the economy would primarily be based on a barter system rather than a fiat system. there would be no discrimination in lending by local banks. the economy would be less efficient and transactions most likely more costly.
Answers: 1
The quantity
Suppose the government imposes a price floor of $110. This price floor is
, and...
, and...
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