Question 22Let Q be quantity of beer (in packs) consumed in the US. Assume beer consumption imposes a negative externality of $30 per pack. The private demand for beer is P=150-2Q while the private supply curve is P=Q. If the government impose a $30 tax per packwhat is the change in total surplus from before to after the imposition of the tax.-$150beer,$150O $1.350o 51,350

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Question 22 Le: Q be quantity of beer (in packs) consumed in the US. Assume beer consumption imposes a negative externality of $30 per pack. The private demand for beer is Pa150-2Q while the private supply curve is P=Q. If the government impose a $30 tax per pack of beer. what is the change in total surplus from before to after the imposition of the tax. o $150 O $150 O $1.350 O $1.350

Question 22 Le: Q be quantity of beer (in packs) consumed in the US. Assume beer consumption imposes a negative externality of $30 per pack. The private demand for beer is Pa150-2Q while the private supply curve is P=Q. If the government impose a $30 tax per pack of beer. what is the change in total surplus from before to after the imposition of the tax. o $150 O $150 O $1.350 O $1.350

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter12: Environmental Protection And Negative Externalities

Section: Chapter Questions

Problem 42P: Table 12.12, shows the supply and demand conditions for a firm that will play trumpets on the...

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