Question
33. Suppose that a market is initially in equilibrium.The initial demand curve is Q D = 90 - P while the initial supply curve is
33. Suppose that a market is initially in equilibrium.The initial demand curve is QD = 90 - P while the initial supply curve is QS = .5P.Suppose that the government imposes a $3 tax on this market.What are the government receipts from the tax?Please round and write the answer to two decimals, for example $9.53 or $21.31 and use a minus sign if it is negative.
Answer:
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International Management Culture, Strategy and Behavior
Authors: Fred Luthans, Jonathan Doh
10th edition
1259705072, 1259705076, 978-1259705076
