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Microeconomics

Calculate the equilibrium price and quantity from math equations

June 13, 2019June 13, 2019 / econ101help / Leave a Comment on Calculate the equilibrium price and quantity from math equations

In this post, I will cover how to find the equilibrium quantity and price when given an equation representing the…

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Microeconomics, Price floor, taxation

Price floor and tax on cheese market

June 10, 2019September 19, 2020 / econ101help / Leave a Comment on Price floor and tax on cheese market

Price floor on the cheese marketTax on the cheese market Price floor on the cheese market Suppose that the government…

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Microeconomics

Supply schedule

June 8, 2019June 8, 2019 / econ101help / Leave a Comment on Supply schedule

In economics, the term 'supply' is used to describe how many goods and services people are willing to sell for…

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Microeconomics, taxation

Equilibrium price and quantity after tax

February 21, 2019October 30, 2021 / econ101help / Leave a Comment on Equilibrium price and quantity after tax

The imposition of a tax in a simple supply and demand framework results in a decrease in the quantity of…

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Microeconomics

Economic expansion path

February 8, 2019June 25, 2019 / econ101help / Leave a Comment on Economic expansion path

The "expansion path" describes how the optimal combination of inputs increase in response to an increase in output, holding all…

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