Presume that a market is described by the following demand, Ask an Expert

Economics

Presume that a market is described by the following demand and supply equations:

Q^S = 2P

Q^D = 300 – P

1. If the per unit amount of the tax is $3, what is the quantity sold after the tax is levied? (Answer is a whole number.)

2. If the per unit amount of the tax is $3, what is the price received by sellers after the tax is levied? (Answer is a whole number.)

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91224055

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