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Suppose the market demand and supply curves are as given below. In each caso, quantity refers to millions of litres of gasoline per month price is the price per litre (in cents). Demand

Suppose the market demand and supply curves are as given below. In each caso, quantity refers to millions of litres of gasoline per month price is the price per litre (in cents). Demand P=325 - 200 Supply: P-130+80 Given these demand and supply equations, the equilibrium price is 175 cents and the equilibrium quantity is 75 million litres Suppose the government imposes a tax peritro, and as a result the quantty sold is 58 millones What is the new consumer price and what is the new producer price? The new price consumers pay is cents. (Enter your response rounded to the nearest cent) The new pnoe producers receive inconts. (Enter your response rounded to the nearest cont) Find the tax amount by comparing the two prices found above Tas per the scents
Which of the following individuals would be excluded from the calculation of the labour force participation rate? e a Mary, who is 70 years old and working part-time as a "greeter" at a large retail store. O b. Elliot, who is 13 years old and working part-time at Burger King c. Jonathan, who is 45 years old and unemployed and actively looking for work 9

Apr 12 2021 View more View Less

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