Please refer to the word document attached below for Assignment problems and instructions.
Rubrics:
1. Determines the increases and decreases in the equilibrium price and quantity under all four statements.
2. Analyzes the effects of the changes on equilibrium price and quantity.
3. Solves the supply and demand equations for the equilibrium price and quantity.
4. Computes quantity demanded and supplied at the price ceiling.
5. Verifies the effect of the price ceiling on the shortage or surplus.
6. Computes tax per unit.
7. Identifies the price after tax.
8. Calculates the total tax revenue.
9. Calculates the deadweight loss.
10. Writing is focused, concise, and organized.
11. Articulates at a college level.
12. Few or no grammar or punctuation errors.
13. Uses non-offensive, inclusive, and respectful language.
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