Multiple Choice
The demand and supply of movie tickets are given by QD = 30 - 3P and QS = 4P - 19, where P is the price per ticket and Q is in thousands of tickets. If the government places a $1 tax on each ticket, the prices that consumers pay with and without the tax are _____ and _____, respectively.
A) $8; $7
B) $7.57; $7
C) $7.50; $6.80
D) $4.30; $3.80
Correct Answer:
Verified
Correct Answer:
Verified
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