Suppose that Qd = 200 - 3P andQs = 20 + 2P. If a tax is imposedon this market such that Qtax =– , Psell,the size of the tax, and the deadweight loss%3D%3D89, then Pbuy =.isis

Tax levy on quantity decrease the supply and demand quantity both . And it leads to loss of social…

Answered: Suppose that Qd = 200 - 3P and Qs = 20…

Suppose that Qd = 200 - 3P and Qs = 20 + 2P. If a tax is imposed on this market such that Qtax = 89, then Pbuy = _, Psell ,the size of the tax , and the deadweight loss %3D is. is

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Suppose that Qd = 200 - 3P and
Qs = 20 + 2P. If a tax is imposed
on this market such that Qtax =
– , Psell
,the size of the tax
, and the deadweight loss
%3D
%3D
89, then Pbuy =.
is
is

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