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The tax increases costs of production, moving the supply curve to the left by the amount of tax. There has been a fall in the equilibrium quantity and a higher price paid by consumers. The burden of tax o...

p=3a+5/4-a. 1.Times both side by (4-a) in order to remove the denominator. p(4-a)=3a+5. 2. Expand the brackets. 4p-ap=3a+5 3.Now you need to get the two a's on the same side. doesn't matter ...

The housing market is not a perfectly competitive market as it fails to fulfil the necessary characteristics of a perfectly competitive market.
Firstly, in a perfectly competitive market, all the pr...

Protein digestion begins in the stomach by the secretion of gastric juice, a combination of Hydrochloric acid and the enzyme Pepsin. Food then passes into the duodenum, or small intestine, where pepsin wo...

A common misunderstanding is to think that evolution results from a species changing to be better adapted to its environment. Evolution is actually the result of environmental pressures selecting differen...