Given the following information QD = 240-5p QS = P Where QD is the quantity demanded, Qs is the quantity supplied and P is the price. Suppose that the government decides to impose a tax of $12 per unit on sellers in the market. Determine: Consumer surplus after tax

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Chapter1: Making Economics Decisions
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Given the following information

QD = 240-5p

QS = P

Where QD is the quantity demanded, Qs is the quantity supplied and P is the price.

Suppose that the government decides to impose a tax of $12 per unit on sellers in the market.

Determine:

Consumer surplus after tax

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