3.30 3.00 Supply 2.70 2.40 2.10 1.80 1.50 1.20 0.90 Demand 0.60 0.30 50 100 150 200 250 300 350 400 Suppose a tax of $0.90 is imposed on this market, what will be the new price consumers pay? O a. $2.40 O b.$3.00 O c. $1.50 O d. $2.10

3.30 3.00 Supply 2.70 2.40 2.10 1.80 1.50 1.20 0.90 Demand 0.60 0.30 50 100 150 200 250 300 350 400 Suppose a tax of $0.90 is imposed on this market, what will be the new price consumers pay? O a. $2.40 O b.$3.00 O c. $1.50 O d. $2.10

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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