- Hello I Really Need Help With This It S Making Me Go Crazy I Am Not Sure If I Have Thus Far Is Correct Id Love It If S 1 (73.44 KiB) Viewed 12 times
Hello, I really need help with this it's making me go crazy! I am not sure if I have thus far is correct id love it if s
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answerhappygod
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Hello, I really need help with this it's making me go crazy! I am not sure if I have thus far is correct id love it if s
Hello, I really need help with this it's making me go crazy! Iam not sure if I have thus far is correct id love it if someone canhelp! Thank you. (Please have readable handwriting)
Question 2 The demand for ice cream is given by QDP = 20 – 2P, measured in gallons of ice cream. The supply of ice cream is given by Qs = 4P - 10. Use negative signs where appropriate. Round to the nearest one-hundredth decimal place (0.01). a. Find the equilibrium price and quantity. Equilibrium Price: P¹= 5 Equilibrium Quantity: Q=10 b. Suppose that the government legislates a $1 tax on a gallon of ice cream, to be collected from the buyer. Find the new equilibrium price and quantity. New Equilibrium Price: P'= 5.66 New Equilibrium Quantity: Q= 8.68 c. How much of the tax do the buyers bear? d. How of the tax do the sellers bear? e. Calculate the consumer surplus after the tax. CS= f. Calculate the producer surplus after the tax. PS= g. Calculate the government revenue from the tax. GR= 10 pts h. Calculate the deadweight loss created by the tax. DWL=
Question 2 The demand for ice cream is given by QDP = 20 – 2P, measured in gallons of ice cream. The supply of ice cream is given by Qs = 4P - 10. Use negative signs where appropriate. Round to the nearest one-hundredth decimal place (0.01). a. Find the equilibrium price and quantity. Equilibrium Price: P¹= 5 Equilibrium Quantity: Q=10 b. Suppose that the government legislates a $1 tax on a gallon of ice cream, to be collected from the buyer. Find the new equilibrium price and quantity. New Equilibrium Price: P'= 5.66 New Equilibrium Quantity: Q= 8.68 c. How much of the tax do the buyers bear? d. How of the tax do the sellers bear? e. Calculate the consumer surplus after the tax. CS= f. Calculate the producer surplus after the tax. PS= g. Calculate the government revenue from the tax. GR= 10 pts h. Calculate the deadweight loss created by the tax. DWL=