# Supply Assignment | Homework For You

Suppose you are hired by the Martin guitar company as an economic consultant. You estimate the demand for Martin guitars to be Q = 8000 – 2P. Suppose the supply of Martin Guitars is given by Q = –2000 +3P.

Don't use plagiarized sources. Get Your Assignment on
Supply Assignment | Homework For You
Just from \$13/Page

What is the equilibrium price of Martin guitars?

What is the equilibrium quantity of Martin guitars?

What is the price elasticity of demand at the equilibrium price and quantity?

What is the price elasticity of supply at the equilibrium price and quantity?

For the next seven questions, suppose a per-unit excise tax of \$40 per guitar is levied on the consumers.

What price will sellers receive after the tax is levied?

What price will consumers pay after the tax is levied?

What percent of the tax will be paid by the consumers of Martin guitars? (give an answer between 0 and 100)

What percent of the tax will be paid by the suppliers of Martin guitars? (give an answer between 0 and 100)

How many guitars will be sold after the tax is imposed?

How much consumer surplus do consumers get after the tax?

What is the deadweight loss created by this tax? Get Economics homework help today

Calculate the price
Pages (550 words)
\$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Homework Writing Services
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
IT
Customer 463245, November 16th, 2022
Religious studies
Excellent content and structure.
Customer 462681, April 24th, 2022
MGMT 221 Introduction to Management Information System
Great job!
Customer 457731, February 25th, 2022
Education
yes I did
Customer 453969, February 11th, 2020
Political science
Good comparison.
Customer 457487, April 17th, 2022
Education
Good work.
Customer 453707, March 27th, 2022
Other
Good work.
Customer 455119, May 27th, 2022
Education
Good work. Thank you for following the instructions and the corrections, and making the necessary changes.
Customer 463679, March 3rd, 2023
Education
Excellent.
Customer 454463, April 25th, 2022
Other
Excellent work.
Customer 462823, April 21st, 2022
Computer science
Even though I received the paper on time, the person that I received the paper from kept telling that did submit the paper to me and there no link available to me to download and revise the paper until excessive close to the deadline. This is not good business, considering that there at least a week to write not to mention the support kept telling me that I was submitted when it wasnt...
Customer 452515, April 9th, 2020
Be keen on plagiarism.
Customer 462779, March 31st, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend