Suppose the demand for a product is given by p100-2q also
Suppose the demand for a product is given by P=100-2Q. Also, the supply is given by P=20+6Q. If an 8 per unit excise tax is levied on the buyers of a good, then after the tax the buyers will pay:
A) None of these
B) $82
C) $9
D) $74
E) $80
Now Priced at $5 (50% Discount)
Recommended (95%)
Rated (4.7/5)
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