论文题目:assignment
论文语言:English
论文专业:经济100
字数:看题而定
学校国家:Canada
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论文用于:BA assignment 本科课程作业
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assignment,准确率高一些,因为占分比较多
Economics 100
Assignment #3
Worth 15% of your final mark
Section I – Supply and Demand (questions are worth a total of 10 marks per market)
For each market please:
a) Graph the lines of the supply and demand equations
b) Calculate the equilibrium price or quantity (whichever seems easiest)
c) Check your answer by plugging the equilibrium value you have calculated into both the supply and demand equations for that market.
1. Market for iPads in Regina
Demand: Q = 9200 – 10P
Supply: Q = -400 + 5P
2. Market for tickets to see Elvis impersonator Rory Allen at Casino Regina
Demand: P = 340 - 0.25Q
Supply: P = 10.00 + 0.05Q
3. Market for Vinyl Music (i.e. old-style records) from Vintage Vinyl
Demand: Q = 10,000 – 300P
Supply: Q = 400 + 100P
d) Now calculate what will happen if the government imposes a goods and service tax (paid by consumers at the time of purchase) in the following two markets:
i. Market for iPads – a tax of $100/iPad
ii. Market for Rory Allen tickets – a tax of $9/ticket
e) In the Market for Vinyl Music calculate the impact of imposing an excise tax (paid by producers) of $5.00 for each vinyl record (See pg. 91 of the Hird textbook to learn about excise taxes).
i. Market for Vinyl – an excise tax of $5.00 per record
Note: For questions d) and e) it is important to think about whether demand or supply is impacted. Use your intuition to think about whether the equilibrium price and quantity would go up or down with the introduction of a tax. Also think about which curve would move and in what direction. This should allow you to incorporate the tax into the proper equation (either demand or supply).
Section total: /30
Section II – Measuring Progress (each question is worth 5 marks)
Please have a look at the executive summary of the report called: Canadian Environmental Sustainability Indicators, 2007 and answer the following questions. This report is available on-line from the Statistics Canada website at: 1. If you were responsible for creating a Genuine Progress Indicator for the Canadian Government how would you use the information presented in this report?
2. After reading the executive summary, do the indicators indicate that the quality of the environment in Canada is improving, deteriorating, or staying the same? Please explain your answer. |