ECON 101 GCC Economic Supply and Demand Curve for 75 Percent Tax on Lawsuit Punitive Awards Discussion Hi dear writer, please ANSWER these TWO questions li

ECON 101 GCC Economic Supply and Demand Curve for 75 Percent Tax on Lawsuit Punitive Awards Discussion Hi dear writer, please ANSWER these TWO questions like Question and Answer this is a weekly discussion, and GRAPH an Economic Supply and Demand Curve.

The discussion should be minimum 250 words and a small graph in the same page.

Use ONE Source: Chapter 4 and 5 of “Microeconomics, 11th edition, by David C. Colander, McGraw-Hill Companies, Inc.” Textbook Which is for ECON 101

1-What would be the effect of a 75 percent tax on lawsuit punitive awards that was proposed by then California governor Arnold Schwarzenegger in 2004 on:

a-The number of punitive awards. Demonstrate your answer using supply and demand curves. ( You will post your graph as jpg. In your discussion post).

b-The number of pretrial settlements.

2- Airlines and hotels have many frequent-flyer and frequent-visitor programs in which individuals who fly the airline or stay at the hotel receive bonuses that are the equivalent to discounts.

a- Give two reasons why these companies have such programs rather than simply offering lower prices.

b- Can you give other examples of such programs?

c-What is a likely reason why firms whose employees receive these benefits do not require their employees to give benefits to the firm?

*Please SUPPORT your point with evidence from the textbook or other websites (include citations), whenever possible. Some possible ideas to write about include, describing any connections between the readings or course material, expanding on a concept or idea that struck you in the course material, or offering another explanation or illustrative example.