1. 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 this market. What would be the demand and supply equation after tax?

Principles of Macroeconomics (MindTap Course List)
8th Edition
ISBN:9781305971509
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter6: Supply, Demand, And Government Policies
Section: Chapter Questions
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1. 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 this market. What would be the demand and supply equation after tax?

2.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 this market. What is the buyer’s price after tax?

3. Given the following information

 Qs= 240 – 5p

Qd = 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 this market. What is the seller’s price after tax?

4.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 this market. What is the quantity after tax?

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