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September 18th, 2016, 09:21 AM  #1 
Member Joined: Sep 2013 Posts: 83 Thanks: 0  Adv Microeconomics NEED help
Can someone explain how this slide in our handout " Equilibrium, rewritten : Licorice market: (D+B)* p(l)S*p(x)=(A+D*c) Chocolate market: (D+B)*p(x)S*p(l)=(A+D*c)+D*t Effect of change in tax on chocolate: Licorice market: (D+B)* dp(l)S*dp(x)=0 Chocolate market: (D+B) * dp(x)S*dp(l)=D*d(t) " What did he take the derivative of when the effect of change in tax is done ? 
September 27th, 2016, 02:43 PM  #2 
Senior Member Joined: Oct 2013 From: New York, USA Posts: 664 Thanks: 87 
It would help if you defined all the variables.


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