Solved

Suppose That a Market Is Initially in Equilibrium P=90QdP = 90 - Q ^ { d }

Question 60

Multiple Choice

Suppose that a market is initially in equilibrium. The initial demand curve is P=90QdP = 90 - Q ^ { d } . The initial supply curve is P=2QsP = 2 Q ^ { s } . Suppose that the government imposes a $3\$ 3 tax on this market. How much of this $3\$ 3 tax is paid by consumers?


A) $1\$ 1 .
B) $1.50\$ 1.50 .
C) $2\$ 2 .
D) $3\$ 3

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions