Suppose the demand for a product is given by P- 60-20, Also, the supply is given by P- 10 + 3Q If a $10 per-unit excise tax is levied on the buyers of a good, after the tax, the total amount of tax paid by the producers is O None of these O $32 O $48 O s80 O $10 Question 10 Suppose the demand for a product is given by P= 30 - 3Q. Also, the supply is given by P- 1o +Q. If a $4 per-unit excise tax is levied on the buyers of a good, after the tax, the total quantity of the good sold is 14 None of these

ENGR.ECONOMIC ANALYSIS
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Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Pls help with below homework question which are related to each other.Select the correct option and explain it in 7-8 sentences. If you solved both question I will upvote, otherwise I will downvote.

D Question 9
Suppose the demand for a product is given by P-60-20, Also, the supply is given by P- 10 + 30, If a $10 per-unit excise tax is levied on the buyers of a good, after
the tax, the total amount of tax paid by the producers is
O None of these
O $32
O $48
O s80
O $10
D Question 10
Suppose the demand for a product is given by P - 30 - 3Q. Also, the supply is given by P= 10 - Q. If a $4 per-unit excise tax is levied on the buyers of a good, after
the tax, the total quantity of the good sold is
O 14
08
04
05
O None of these
Transcribed Image Text:D Question 9 Suppose the demand for a product is given by P-60-20, Also, the supply is given by P- 10 + 30, If a $10 per-unit excise tax is levied on the buyers of a good, after the tax, the total amount of tax paid by the producers is O None of these O $32 O $48 O s80 O $10 D Question 10 Suppose the demand for a product is given by P - 30 - 3Q. Also, the supply is given by P= 10 - Q. If a $4 per-unit excise tax is levied on the buyers of a good, after the tax, the total quantity of the good sold is O 14 08 04 05 O None of these
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