question archive The next 3 questions use the following information: The market for sports economics textbooks in Badgerville is given by the following supply and demand curves: QD = 12 - P P: $ / book QS = P Q: thousands of books Q2: Equilibrium price and quantity in the Badgerville sports economics textbook market are __________ and _________ thousand books
The next 3 questions use the following information: The market for sports economics textbooks in Badgerville is given by the following supply and demand curves: QD = 12 - P P: $ / book QS = P Q: thousands of books Q2: Equilibrium price and quantity in the Badgerville sports economics textbook market are __________ and _________ thousand books
Subject:EconomicsPrice: Bought3
The next 3 questions use the following information:
The market for sports economics textbooks in Badgerville is given by the following supply and demand curves:
QD = 12 - P P: $ / book
QS = P Q: thousands of books
Q2:
Equilibrium price and quantity in the Badgerville sports economics textbook market are __________ and _________ thousand books.
Group of answer choices
a) $9 / Book ; 18
b) $4 / Book ; 8
c) $6 / Book ; 6
d) $3 / Book ; 9
Q3:
The Badgerville City Council levies a per-unit tax on the sports economics textbook market that reduces equilibrium quantity in that market to 4 thousand books. The size of this per-unit tax is __________, and it burdens _________ more.
Group of answer choices
a)$2 / Book ; Consumers & producers equally
b) $4 / Book ; Producers more
c) $2 / Book ; Consumers more
d) $4/ Book ; Consumers & producers equally
Q4:
The point elasticity of demand for sports economics textbooks at this tax equilibrium is:
Group of answer choices
a) -0.5
b) -1.0
c) -2
d) -4
Thank you
