Te demand for snorkels in berhama is given by qs 500

Finance

The demand for snorkels in Berhama is given by Q_S = 500 - 8P_S, and the supply of snorkels in Berhama is given by Q_S = 200 + 4P_S. The demand for kayaks is given by Q_k = 650 - 6P_k, and the supply of kayaks is given by Q_k = 50 - 1.5P_k. Both goods are currently untaxed, but the government of Berhama needs to raise $5,000 (to finance a new lighthouse) by taxing snorkels and kayaks.

What tax should it levy on each of the two goods?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91956103

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