Search:

Hi sorry I didn't clarify my approach to the question. I got there in the end :) However another question is as follows:Suppose now that a tax on meat products is introduced. The tax rate is 25%.(I)...

Suppose that there are 20 million consumers in the economy. There are two types ofconsumers – types A and B, and there are 10 million type-A consumers as well as 10million type-B consumers. Each...