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13 Dec 2019
Suppose that the demand curve (hundreds) for apples is given by Qd = 160 - 10P, where Qd is the
number of pounds demanded per year and p is the price per pound. The supply of apples
can be described by Qs = 30 + 3P, where Qs is the number of pounds provided.
A. The government imposes a tax of $13 per each pound sold, paid by the consumers. In this case, what is the price and consumer surplus?
Suppose that the demand curve (hundreds) for apples is given by Qd = 160 - 10P, where Qd is the
number of pounds demanded per year and p is the price per pound. The supply of apples
can be described by Qs = 30 + 3P, where Qs is the number of pounds provided.
A. The government imposes a tax of $13 per each pound sold, paid by the consumers. In this case, what is the price and consumer surplus?
perziel21Lv2
15 Jan 2024
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Jean KeelingLv2
17 Dec 2019
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