# 2022英国essay代写加拿大某大学留学生本科课程作业指导assignment essay

August 21, 2022essay代写

## 2022英国essay代写加拿大某大学留学生本科课程作业指导assignment essay

Economics 100Assignment #3Worth 15% of your final mark

Section I – Supply and Demand (questions are worth a total of 10 marks per market)

For each market please:a)Graph the lines of the supply and demand equationsb)Calculate the equilibrium price or quantity (whichever seems easiest)c)Check your answer by plugging the equilibrium value you have calculated into both the supply and demand equations for that market.

Demand: Q = 9200 – 10PSupply: Q = -400 + 5P

2.Market for tickets to see Elvis impersonator Rory Allen at Casino Regina

Demand: P = 340 – 0.25QSupply: P = 10.00 + 0.05Q

3.Market for Vinyl Music (i.e. old-style records) from Vintage Vinyl

Demand: Q = 10,000 – 300PSupply: Q = 400 + 100P

d)Now calculate what will happen if the government imposes a goods and service tax (paid by consumers at the time of purchase) in the following two markets:i.Market for iPads – a tax of \$100/iPadii.Market for Rory Allen tickets – a tax of \$9/ticket

e)In the Market for Vinyl Music calculate the impact of imposing an excise tax (paid by producers) of \$5.00 for each vinyl record (See pg. 91 of the Hird textbook to learn about excise taxes).i.Market for Vinyl – an excise tax of \$5.00 per recordNote: For questions d) and e) it is important to think about whether demand or supply is impacted.http://www.ukassignment.org/daixieEssay/jianadaessaydaixie/ Use your intuition to think about whether the equilibrium price and quantity would go up or down with the introduction of a tax. Also think about which curve would move and in what direction. This should allow you to incorporate the tax into the proper equation (either demand or supply).