Home » Hotel cost graph | StudyDaddy.com

# Hotel cost graph | StudyDaddy.com

During the last weekend, I went to a hotel that has 120 rooms. The price of the rooms per day was \$ 150. In that location a new tax per room has been established of \$15 per room, per day. With that tax the hotel, established a price of \$ 160. The manager calculates that the quantity of occupied rooms fell 10%.

Questions:

a. Which is the price elasticity?

b. Which is the tax revenue for the town?

c. How much of that revenue is paid by the hotel and the consumer?

d. Draw two Supply-Demand graphs: one with the situation before the tax, and another after the tax.

Answer in at least 150 words. must provide references

Recommended: Watch these videos before answering.

Kahn Academy. Taxes and elastic demand. https://youtu.be/z1yJPpGC3-o

Kahn Academy. Taxes and Inelastic Demand. https://youtu.be/lsn16U5DWD4

## 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.