Answered: Supply fucntion: QS=200P-700 Demand…

Supply fucntion: QS=200P-700 Demand function: Qd=3000-100p If a goverment want to reduce the quantity of units sold to 500, what is the price per unit tax?

Principles of Economics (MindTap Course List)

8th Edition

ISBN:9781305585126

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter8: Application: The Cost Of Taxation

Section: Chapter Questions

Problem 4CQQ

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Question

Supply fucntion:

QS=200P-700

Demand function:

Qd=3000-100p

If a goverment want to reduce the quantity of units sold to 500, what is the price per unit tax?

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