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題組內容

Question 2.
A recent study found that the demand and supply schedule of Frisbees are ns follows:

(a) What are The equilibrium price and quantity of Frisbees?

其他申論題

Now, assume the tax rate t =25%. (b) In which case, how do you pay the tax? Case 1:_________________Case:2:_________________

(c) Compute the after-tax real interest rates for both cases? Case 1:_____________Case:2:_________________

(a) At the price of tickets rises from $200 ﹢o $250, what is the price elasticity of the demand for business travelers _______and vacationers?_______ (Use the midpoint method in your calculations.)

(b) Why might business travelers and vacationers have different elasticities?

(b) Frisbee manufacturers persuade the government that Frisbee production improves scientisls understanding of aerodynamics nnd is thus important for national security. A concerned Congress votes to impose a price floor $2 above the equilibrium price. What is the new market price?___________ How many Frisbees are sold?

(c) Irate college students march on Washington and demand a reduction in the price of Frisbees. n even more concerned Congress votes to repeal the price floor and impose q price ceiling below the equilibrium price in (a). What is the new market price?__________ How many Frisbees are sold?__________

(a) Compute nominal GDP, real GDP, and the GDP deflator for year 2022, using 2020 ns the base year.__________，__________，__________

(b) Compute the percentage change in nominal GDP, real GDP, and ﹢he GDP deflator in 2022 from the preceding year. __________ For eqch year, identify the variable that does not change. Explain why your answer makes sense.__________

(c﹚ Did economic well-being increase more in 2021 or 2022? Explain.__________

(a) Graph Jamal's utility function. Ts he risk averse? Explain.________

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