6. Introduction to Taxes
Quantitative Analysis of Taxes
Multiple Choice
Multiple ChoiceThe 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
A
$2.80
B
$3.00
C
$3.20
D
$3.30
E
$3.50
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