Suppose that demand in a market can be represented by the following equation: LaTeX: P\:=\:8\:-\:Q and that supply can be represented by the equation: LaTeX: P\:=\:Q What is the equilibrium price and quantity in this market? Now suppose that a sales tax of $2 per unit is imposed on the product in this market. How would you now express the supply curve with this tax included? What are the new equilibrium price and quantity in this market?

The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.

Amano s preguntes cationing to come fonds and consumer good 8. why did the u.s. government use rationing for some foods and consumer goods during world war ii?

Suppose there are three types of consumers who attend concerts at your university’s performing arts center: students, staff, and faculty. each of these groups has a different willingness to pay for tickets; within each group, willingness to pay is identical. there is a fixed cost of $1,000 to put on a concert, but there are essentially no variable costs. for each concert: i. there are 140 students willing to pay $20. (ii) there are 200 staff members willing to pay $35. (iii) there are 100 faculty members willing to pay $50. a) if the performing arts center can charge only one price, what price should it charge? what are profits at this price? b) if the performing arts center can price discriminate and charge two prices, one for students and another for faculty/staff, what are its profits? c) if the performing arts center can perfectly price discriminate and charge students, staff, and faculty three separate prices, what are its profits?