Question
8.The demand and supply schedules for tulips are in the table. Price (dollars per bunch) Quantity demanded Quantity supplied (bunches per week) 10 100 40
8.The demand and supply schedules for tulips are in the table.
Price
(dollars per bunch)
Quantity demanded
Quantity
supplied
(bunches per week)
10
100
40
12
90
60
14
80
80
16
70
100
18
60
120
a.If tulips are not taxed, what is the price and how many bunches are bought?
Answer:
a.If tulips are taxed $6 a bunch, what are theprice and quantity bought? Who pays the tax?
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Business Law And The Legal Environment
Authors: Jeffrey F Beatty, Susan S Samuelson
4th Edition
0324303971, 9780324303971
