Suppose that there are only 2 goods in the economy (denoted by A and B). We have yearly data on prices (p) and quantities produced (q) for each good…
September 3, 2020
Assume that the equation for demand for bread at a small bakery is Qd = 60 – 10Pb + 3Y, where Qd is the quantity of bread demanded in loaves, Pb is
September 3, 2020

The demand for football tickets is Q=360-10P and the supply of football tickets is Q=20P. Calculate the gross price paid by consumers after a per-ticket tax of $4. Calculate the after-tax price received by ticket sellers.

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