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The inverse demand function for eggs isP D (q) = 84 - 9q , where q is the number of cases of eggs. The inverse
The inverse demand function for eggs isPD(q) = 84 - 9q,whereqis the number of cases of eggs. The inversesupply functionisPS(q) = 7 + 2q. In the past, eggs were not taxed,but now a tax of $33per case has been introduced.What is the effect of the tax on the quantity ofeggs supplied?
Quantity drops by 2 cases.
Quantity drops by 3 cases.
Quantity drops by 6 cases.
Quantity drops by 4 cases.
None of the above.
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