QUESTION 1oGovernor Kathy Hochul doen not like rabbits, She has decided to institute a $50 tax on rabbits, effective immediately. The existing supply and demand for peot rabbits in NYSwas as follows prior to the tax:Supply: P9+ 0.40Demand: P-75 - 0.40How many rabbits are sold in the state atter the tax was implemented?

Given: Supply: P=9+0.4Q Demand: P=75-0.4Q

QUESTION 10 Governor Kathy Hochul does not like rabbits. She has decided to institute a $50 tax on rabbits, effective immediately. The existing supply and demand for pet rabbits in NYS was as follows prior to the tax Supply: P90.40 Demand P- 75 -0.40 How many rabbits are sold in the state ater the tax was implemented?

QUESTION 10 Governor Kathy Hochul does not like rabbits. She has decided to institute a $50 tax on rabbits, effective immediately. The existing supply and demand for pet rabbits in NYS was as follows prior to the tax Supply: P90.40 Demand P- 75 -0.40 How many rabbits are sold in the state ater the tax was implemented?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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