Using the Graph Shown,answer the Following Questions

question 127

Essay

Using the graph shown,answer the following questions.
a.What was the equilibrium price in this market before the tax?
b.What is the amount of the tax?
c.How much of the tax will the buyers pay?
d.How much of the tax will the sellers pay?
e.How much will the buyer pay for the product after the tax is imposed?
f.How much will the seller receive after the tax is imposed?
g.As a result of the tax,what has happened to the level of market activity?

Identify the rights and obligations of parties in contracts involving minors, including the right to disaffirm.

Distinguish between void, voidable, and enforceable contracts based on the parties' awareness and state of mind.

Assess the impact of statutory regulations on the enforceability of contracts involving unlicensed practitioners.

Understand the concepts of procedural and substantive unconscionability in contract law.

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Definitions:

Repeated Request

A request that is made multiple times, often due to lack of response or action from the recipient.

Refusal

The act of declining or rejecting an offer, request, or invitation.

Answered Favorably

A response or outcome that is positive or in agreement with what was hoped for or requested.

Request

An act of politely or formally asking for something.