--%>
Assignment Help - homework help

Determine equilibrium prices market equilibrium

The new supply and demand curves within University City were S0 and D0, before the county commission imposed a $3 per six-pack excise tax upon beer. The new equilibrium quantities of six-packs sold per month and equilibrium prices, respectively, were: (w) 4,000 six-packs at $5 each. (x) 10,000 six-packs at $3.50 each. (y) 10,000 six-packs at $7 each. (z) 16,000 six-packs at $5 each.

1418_example of Market Equilibrium.png

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Business Economics

  • Q : What are the major provisions of GATT

    What are the major provisions of GATT

    		•
  • Q : Problem regarding supplies-demands and

    The new supply and demand curves within University City are S0 and D0. But after the county commission imposed a $3 per six-pack excise tax upon beer: (1) demand fell to D1 from the perspectives of beer dealers. (2) co

    		•
  • Q : Relation of increased productivity by

    Discussion of a pin factory by Adam Smith focused upon the increased productivity related along with: (w) free international trade as per absolute advantage. (x) specialization and the division of labor. (y) free international trade as per comparative advantage. (z) certainty abo

    		•
  • Q : Utilization of resources in production

    The points on a production possibilities curve communicate to combinations of goods which: (1) Can’t be generated with no technological advances. (2) Utilize all resources fully and efficiently in the production. (3) Can be generated, however use economic capaci

    		•
  • Q : Explain how women expanded production

    Explain how women expanded production possibilities?

    		•
  • Q : How do households dispose of their

    How do households dispose of their income?

    		•
  • Q : Married men on average earn more income

    Studies indicate that married men on average earn more income than unmarried men of the same age?

    		•
  • Q : Prices are the automatic regulator

    “Prices are the automatic regulator that tends to keep production and consumption in line with each other.”  Explain.

    		•
  • Q : Cornerstone of typical economic theory

    The cornerstone of typical economic theory derived through the work of Jeremy Bentham was the perception of (i) the wages fund. (ii) natural checks on population. (iii) increasing cost. (iv) utility. (v) surplus value.

    Q : Heterodox approach for more production

    From the heterodox approach, what options does the enterprise need to produce more output? What effect do these options put on its cost structure?

    		•