Consider a market given by the following supply and demand equations P=0+3Q P=90-5Q If the government were to impose a tax of $1 per unit. what would be the new price producers receive under this tax? round your unitless answer to two decimal places

Microeconomics A Contemporary Intro
10th Edition
ISBN:9781285635101
Author:MCEACHERN
Publisher:MCEACHERN
Chapter5: Elasticity Of Demand And Supply
Section5.A: Appendix: Price Elasticity And Tax Incidence
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Consider a market given by the following supply and demand equations P=0+3Q P=90-5Q If the government were to impose a tax of $1 per unit. what would be the new price producers receive under this tax? round your unitless answer to two decimal places
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