Answer: It is a difference or a ratio either between any two prices or a price of one item and the price of other items available. This ratio can be a signal for shortages or surpluses on the market. ItR..
Answer: Your own answer is absolutely correct, it’s really $85 per week. To get the right answer you need to know that since supply is elastic then the producer’s price will be $1 fixed. It means that only the consumer must pay the tax so his price rises to $1.10. Now let’s take into account ..