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?

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter6: Supply, Demand And Government Policies
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QUESTION 1o
Governor 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 NYS
was as follows prior to the tax:
Supply: P9+ 0.40
Demand: P-75 - 0.40
How many rabbits are sold in the state atter the tax was implemented?
Transcribed Image Text:QUESTION 1o Governor 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 NYS was as follows prior to the tax: Supply: P9+ 0.40 Demand: P-75 - 0.40 How many rabbits are sold in the state atter the tax was implemented?
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