1) Below is the demand and supply schedule for the market for personal chefs. These are chefs that are hired to come into the client’s home to prepare meals for them. Show all your calculations used...



1)
Below is the demand and supply schedule for the market for personal chefs. These are chefs that are hired to come into the client’s home to prepare meals for them. Show all your calculations used to answer the following questions.



d)calculate the excess demand or supply at the price of $35,$70,$25 and $65


e) If tax of 5$ imposed compute the consumer and producer tax burden













































































Price per hour



Qty supplied



Qty demanded



20



0



29



25



1



26



30



              3



23



35



5



20



40



7



17



45



9



14



50



11



11



55



13



9



60



15



7



65



17



5



70



19



3



75



21



1



80



23



0




Jun 09, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here