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Who pays more tax suppliers or demanders?

This question was answered on Jan 05, 2013. View the Answer
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Hi, Here is the file you requested. Yes, you are right all the mentioned options in question are wrong. I have... View the full answer


Since, Qdd = Qss, in equilibrium, we have,
15 - 3P = 4P or 15 = 7P
Therefore, P = 15/7 = 2.143 is the equilibrium price per bag. Substituting
this value in demand equation, we can write
Qdd = 13...

This question was asked on Jan 04, 2013 and answered on Jan 05, 2013.

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