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Suppose the demand for a product is given by P = 100 - 2Q. Also, the supply is given by P = 20 + 6Q. If an $8 per-unit excise tax is levied on the buyers of a good, after the tax, the total amount of tax paid by the producers is

A) $81
B) $72
C) $54
D) $4
E) None of these

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M945447

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