{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

econlab021 - WVVVVVVVVVVVV in vv Exams-aura o of 1 pt...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: WVVVVVVVVVVVV in vv' Exams-aura: o of 1 pt Asignllmntficn The graph shows themarket for tulips. Use the point too] to draw a point at the equilibrium) price and eqlfilibtm quantity. Label it 1. Supposethattulipsaletaxed$6abumhamlthatthetaxis onthe selleIso‘ftulips. Use the line tool to draw a curve that shows the effect of the tax, Label it, Use the point too] to imitate the price paid by buyers and the quantityr bought. Label it 2. I3... BI? Buyetspay$4 ofthetaxamiselletspay$2 ofthetax. \ Enter anyr number or expression in each of the edit fields, then u.» unaptei I iuuiem m- @ Well done! The graph shows the effects ofa tax in the market for tulips. (higinaflytheptk:eis$14abumhFollowingthetax,thepIice pakibybuyetsis$18(fiomthedemamlcmve)amisellets receive $12a bunch(from the supply curve). SobuyfispayMofthemandseflerspayflofthetax. Price (dollars per bunch] D 5610 E30 IIlI'lII 44] El] 301m] Quantity (bunches per week] 120 I 140 ...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online