Mathematics, 14.10.2021 23:20 vzimokha
Note that a function f(x)is a strictly increasing function if f0(x) > 0. Assume the supply functionand demand function for a certain high-tech product areQS = S(P, T),QD = D(P, Y ),where Y is the income, T is the tax on the product, and P is the price. We don’t specify a particular analytical form of the supply and demand functions, but we assume that the supply functionstrictly increases with price and strictly decreases with tax, and that the demand function strictlydecreases with price and strictly increases with income. Assume an equilibrium state exists in the sense that the supply and demand are balanced:S(P, T) − D(P, Y ) = 0.(1) Will the price (P) increases with an increase in income (Y )? Show your working steps tosupport your answer.(2) Will the price (P) increases with an increase in tax (T)? Show your working steps to supportyour answer
Answers: 1
Mathematics, 21.06.2019 20:00
Segment an is an altitude of right δabc with a right angle at a. if ab = 2, squared 5 in and nc = 1 in, find bn, an, ac.
Answers: 2
Mathematics, 22.06.2019 00:20
How is this equation completed? i cannot find any examples in the book.
Answers: 1
Mathematics, 22.06.2019 08:30
What is the area of the figure shown below, which is not drawn to scale
Answers: 3
Note that a function f(x)is a strictly increasing function if f0(x) > 0. Assume the supply functi...
Chemistry, 02.02.2021 21:40
Physics, 02.02.2021 21:40
Advanced Placement (AP), 02.02.2021 21:40
Biology, 02.02.2021 21:40
Mathematics, 02.02.2021 21:40
History, 02.02.2021 21:40
Computers and Technology, 02.02.2021 21:40
History, 02.02.2021 21:40
Mathematics, 02.02.2021 21:40
Mathematics, 02.02.2021 21:40
Mathematics, 02.02.2021 21:40
Chemistry, 02.02.2021 21:40
Mathematics, 02.02.2021 21:40