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28 Sep 2019
Consider a market where the market demand is given by P = 600 - 3Q and the market supply is given by P = 100 + 2Q. Suppose the government imposed a $50-per-unit tax. How much of the per-unit tax would be paid by the sellers and how much by the buyers?
Consider a market where the market demand is given by P = 600 - 3Q and the market supply is given by P = 100 + 2Q. Suppose the government imposed a $50-per-unit tax. How much of the per-unit tax would be paid by the sellers and how much by the buyers?
Darryn D'SouzaLv10
28 Sep 2019
