7. The demand and supply functions for product x are given, respectively, by the equations: P = 83.6 0.037 Q P = 15.7 +0.056 Q. A P10 tax per units is levied to the manufacturer. What is the price paid by the buyer after the imposition of tax? A. P56.59 B. P60.56 C. P730.11 D. P622.58 8. The demand and supply functions for product x are given, respectively, by the equations: P = 83.6 0.037 Q P = 15.7 +0.056 Q. A P10 tax per units is levied to the manufacturer. What is the price received by the seller after the imposition of tax? A. P56.59 B. P60.56 C. P50.56 D. P70.56 9. The demand and supply functions for product x are given, respectively, by the equations: P-83.6- 0.037 Q P = 15.7 +0.056 A P10 tax per units is levied to the manufacturer. How much is the tax burden on the part of the seller after the imposition of tax? A. P10 B. P3.97 C. P6.03 D. P5.0 10. The demand and supply functions for product x are given, respectively, by the equations: P=83.6-0.037 Q P=15.7+0.056 ( A P10 tax per units is levied to the manufacturer. How much is the tax burden on the part of the buyer after the imposition of tax? A. P10 B. P3.97 C. P6.03 D. P5.0

7. The demand and supply functions for product x are given, respectively, by the equations: P = 83.6 0.037 Q P = 15.7 +0.056 Q. A P10 tax per units is levied to the manufacturer. What is the price paid by the buyer after the imposition of tax? A. P56.59 B. P60.56 C. P730.11 D. P622.58 8. The demand and supply functions for product x are given, respectively, by the equations: P = 83.6 0.037 Q P = 15.7 +0.056 Q. A P10 tax per units is levied to the manufacturer. What is the price received by the seller after the imposition of tax? A. P56.59 B. P60.56 C. P50.56 D. P70.56 9. The demand and supply functions for product x are given, respectively, by the equations: P-83.6- 0.037 Q P = 15.7 +0.056 A P10 tax per units is levied to the manufacturer. How much is the tax burden on the part of the seller after the imposition of tax? A. P10 B. P3.97 C. P6.03 D. P5.0 10. The demand and supply functions for product x are given, respectively, by the equations: P=83.6-0.037 Q P=15.7+0.056 ( A P10 tax per units is levied to the manufacturer. How much is the tax burden on the part of the buyer after the imposition of tax? A. P10 B. P3.97 C. P6.03 D. P5.0

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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