Multiple Choice
Suppose that a certain product has the following demand and supply functions, where p is the price per unit in dollars and q is the quantity produced.
Demand: Supply:
If a $44 tax is placed on each unit of the product of the following. What is the new equilibrium point?
A)
B)
C)
D)
E)
Correct Answer:

Verified
Correct Answer:
Verified
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