# Consider a perfectly competitive market where the market demand curve is given by Q = 724P and the market supply curve is given by Q = 6 + 2P.

Consider a perfectly competitive market where the market demand curve is given by Q = 72−4P and the market

supply curve is given by Q = −6 + 2P. In each of the

following situations (a-e), determine the following items

(i-viii)

i) The quantity sold in the market.

ii) The price that consumers pay (before all

taxes/subsidies).

iii) The price that producers receive (after all

taxes/subsidies).

iv) The range of possible consumer surplus values.

v) The range of possible producer surplus values.

vi) The government receipts.

vii) The net benefit.

viii) The range of deadweight loss.

(a) A market with no intervention.

(b) A market with tax T = 3.

(c) A market with subsidy S = 6.

(d) A market with price ceiling C = 11.

(e) A market with price floor F = 16

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.