Question
Assume a market has the demand function q = 40-0.5p and the supply function q = 2p - 4. The government currently imposes a per-unit
Assume a market has the demand function q = 40-0.5p and the supply function
q = 2p - 4. The government currently imposes a per-unit tax of 3. If this tax is slightly
increased will the tax yield rise or fall?
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
