The Inverse Demand Function for Cases of Whiskey Defined by P

Multiple Choice

The inverse demand function for cases of whiskey defined by p = 160 - 6q, and the inverse supply function is defined by p = 61 + 3q.Originally there was no tax on whiskey.Then the government began to tax suppliers of whiskey $27 for every case they sold.How much did the price paid by consumers rise when the new equilibrium was reached?

A) It rose by $27.
B) It rose by $29.
C) It rose by $18.
D) It rose by $16.
E) None of the above.