Practice: The supply and demand curves for a product are as follows. What is the amount suppliers receive if a $0.50 tax is imposed upon consumers?
QD = 600 – 100P
QS = -150 + 150P
Concept #1: Quantitative Analysis of Taxes
Practice: The supply and demand curves for a product are as follows. What is the amount suppliers receive if a $0.50 tax is imposed upon consumers?
QD = 600 – 100P
QS = -150 + 150P
