Q1. Show that the price elasticity of demand will differ between zeros to infinity for a straight line demand curve.
Q2. Let consider two parallel demand curves. Comment on the price elasticity of demand of demand curves at similar price.
Q3. Differentiate between the tariffs and quotas.
Q4. Describe the economic effects of a tariff.
Q5. Describe the price control and its respective effects.
Q6. Illustrate how the share of the tax paid by the buyers based on the price elasticity of demand and supply.
Q7. describe how would you measure ed at a point on the linear demand curve?
Q8. Describe the incidence of taxation in detail.
Q9. Describe the economic efficiency of the market Equilibrium .