☰
d2jsp
Rules
Help
Forum Gold FAQ
Live Streams
Photo Gallery
Hourly Raffle
Ladder Slasher
Log In
Register
Log In
Register
Account Recovery
Resend Validation Email
d2jsp Forums
>
Off-Topic
>
General Chat
>
Homework Help
> Another Microeconomic Question > Giving Fg As Thanks Again
Add Reply
New Topic
New Poll
Views: 115
Replies: 4
Track Topic
AllThingsLessEvil
Member
Posts: 17,765
Joined: Jun 22 2007
Gold
:
2,297.98
#1
Sep 26 2013 12:50pm
Explanation and answer too please, :-)
Donation will be given!
zackill4
Banned
Posts: 4,377
Joined: Dec 25 2012
Gold
:
13,953.01
Warn: 10%
#2
Sep 26 2013 12:56pm
Ok initially the equilibrium is...
set demand = supply
125-5q = 5 + 6q
120 = 12q, q = 10
after tax, buyer sees price 72 higher (he pays 72 in addition to the sell price), seller sees no change in price
new dmeand is p+72 = 125-6q
or p = 53 - 6q
so new equilibrium is
new demand = supply
53-6q = 5 + 6q
12q = 48, q = 4
new equil - old equil quantity = 6
Azrad
Member
Posts: 10,812
Joined: Oct 15 2009
Gold
:
Locked
Warn: 20%
#3
Sep 26 2013 01:05pm
you got a typo in the first line (I know its a typo since it did not propagate through your work)
125-6q, not 125-5q
This post was edited by Azrad on Sep 26 2013 01:06pm
zackill4
Banned
Posts: 4,377
Joined: Dec 25 2012
Gold
:
13,953.01
Warn: 10%
#4
Sep 26 2013 02:02pm
Quote (Azrad @ Sep 26 2013 02:05pm)
you got a typo in the first line (I know its a typo since it did not propagate through your work)
125-6q, not 125-5q
Thanks
also the last line should be old equil minus new equil quantity
AllThingsLessEvil
Member
Posts: 17,765
Joined: Jun 22 2007
Gold
:
2,297.98
#5
Sep 26 2013 02:03pm
Thanks man!
Ff given!
Go Back To
Homework Help
Topic List
Add Reply
New Topic
New Poll
© 2003-2026 d2jsp
Contact