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Uploaded: 09.08.2016
Content: 456.doc (75 kB)

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Objective 1
The function of public demand for this product Qd = 10-P. offers goods function Qs = -5 + 2P.
1) Determine the equilibrium price and the equilibrium volume of sales.
2) Assume that this product is set fixed price of 3 rubles. Determine the amount of unmet demand.
3) In this product a tax paid to the seller in the amount of 3 rubles. for a unit. Determine the equilibrium volume of sales and the equilibrium price for the buyer and seller. Determine the value of net losses due to the introduction of the tax. Show graphically.

Objective 2
The function of public demand for this product Qd = 8-P. offers goods function Qs = -4 + 2P. Det

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