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23 Nov 2019
Consider a market with the following supply and demand curves:
Qd= 100-4p
Qs=p-10
Suppose the government imposes on the buyer a tax of 5 dollars for each unit sold. What is the tax revenue raised and deadweight loss following the imposition of the tax?
a. Revenue = 40, DWL= 5
b. Revenue = 40, DWL= 10
c. Revenue = 45, DWL = 5
d. Revenue =45, DWL = 10
Consider a market with the following supply and demand curves:
Qd= 100-4p
Qs=p-10
Suppose the government imposes on the buyer a tax of 5 dollars for each unit sold. What is the tax revenue raised and deadweight loss following the imposition of the tax?
a. Revenue = 40, DWL= 5
b. Revenue = 40, DWL= 10
c. Revenue = 45, DWL = 5
d. Revenue =45, DWL = 10
mnaji0056Lv2
8 Oct 2023
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Tod ThielLv2
14 Jul 2019
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