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Price Quantity demanded Quantity supplied (dollars Bunches per week per bunch) 10 100 40 12 90 60 14 80 80 16 70 100 18 60
Price Quantity demanded Quantity supplied
(dollars Bunches per week
per bunch)
10 100 40
12 90 60
14 80 80
16 70 100
18 60 120
If tulips are not taxed, what is the price and how many bunches are bought?
If tulips are taxed $6 a bunch, what are the price and quantity bought? Who pays the tax?
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