Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Satsume Satsume
wrote...
Go to Answer
Posts: 761
Rep: 0 0
6 years ago
On the planet Economus, there are only two goods in the economy.  One of the goods is econoapples.  The supply of econoapples is:   = 30 + PA -   PS.  The second type of good is the econoseed.  The supply of econoseeds is:   = 60 - PA + PS.  The demand for econoapples is:
  = 15 - PA + 4 PS.  The demand for econoseeds is:   = 45 + PA - PS.   Determine the equilibrium price and quantity of each good in the Economus economy.  Suppose the world government of Economus implements a $1 tax on econoapples.  Do econoapple consumers suffer any burden of the tax?  Are econoseed consumers affected by the econoapple tax?  How much tax revenue does the tax policy generate?
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
Read 79 times
1 Reply
Replies
Answer verified by a subject expert
oracledarrenoracledarren
wrote...
#1
Posts: 455
Rep: 15 1
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
This verified answer contains over 270 words.
1

Related Topics

Satsume Author
wrote...

6 years ago
This calls for a celebration Person Raising Both Hands in Celebration
lierac00
wrote...

Yesterday
Thanks
mikey3091
wrote...

2 hours ago
Just got PERFECT on my quiz
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1196 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 4427
  
 170
  
 261
Your Opinion
What's your favorite coffee beverage?
Votes: 274
Previous poll results: Does a gender wage gap exist in America?