Question
(a) Find the equilibrium price and quantity of the government imposing a fixed tax of $36. (b) Find the corresponding value of the government's tax
(a) Find the equilibrium price and quantity of the government imposing a fixed tax of $36.
(b) Find the corresponding value of the government's tax revenue.
5. The supply and demand equations of a good are given by P=Qs +8 P = -3QD + 80 where P, Q, and QD denote price, quantity supplied and quantity demanded respectively.
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Solution P 9 8 ion a Supply equation is P 30 80 Dem...
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Microeconomics
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
1st Edition
978-1464146978, 1464146977
