In the market for swim suits, demand is P = 53 - 0.013Q and supply is P = 4 + 0.007Q. %3D The government imposes a tax of $4 per swim suit. Calculate the total surplus after the tax. Answer:
In the market for swim suits, demand is P = 53 - 0.013Q and supply is P = 4 + 0.007Q. %3D The government imposes a tax of $4 per swim suit. Calculate the total surplus after the tax. Answer:
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Tax exludes total surplus is 42017
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