Multiple Choice
Tax Problem. Consider a perfectly competitive market were demand is Q = 100 - P and Supply is
Q = P - 10.
-Refer to Tax Problem. If the government imposes a $10 per unit consumption tax, then how much consumer surplus will there be after the tax.
A) 600.
B) 800.
C) 1000.
D) 1600.
Correct Answer:
Verified
Correct Answer:
Verified
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