Assignment Detail


Graph the demand curve and the supply curve

    Assignment Instructions

    Assignment Help >> Business Economics


    The demand curve for gardeners is GD = 19 – W, where G = the number of gardeners, and W = the hourly wage. The supply curve is GS = 4 + 2 W.

    a. Graph the demand curve and the supply curve. What is the equilibrium wage and equilibrium number of gardeners hired?

    b. Suppose the town government imposes a $2 per hour tax on all gardeners. Indicate the effect of the tax on the market for gardeners.

    • What is the effect on the equilibrium wage and the equilibrium number of gardeners hired?
    • How much does the gardener receive?
    • How much does the customer pay?
    • How much does the government receive as tax revenue?
    Need fresh solution to this Assignment without plagiarism?? Get Quote Now

    Expert Answer

    Asked by: Anonymous
    Plagiarism Checked
    Answer Rating:

    Plagiarism free Answer files are strictly restricted for download to the student who originally posted this question.

    Related Assignments

    Our customer support team is here to answer your questions. You can send Assignments directly to support team.
    👋 Hi, how can I help?