|September 18th, 2016, 09:21 AM||#1|
Joined: Sep 2013
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 ?
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