The market demand and supply functions for a good are: QD = 120 - 6P and QS = 20 + 4P. The equilibrium quantity and price are 60 and €10 respectively. Suppose the government imposes a tax of €2.00 per unit. The price that sellers will receive after the tax is A. €8 B. €9 C. €10.80 D. €8.80

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A: Given, Demand: P = 100 - 2Q Supply: P = 20 + 6Q Tax levied on buyers = 8 TL

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A: QD=60-p    and QS=2p In market equilibrium QD=QS so p=$20 and quantity =40 units

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Q: Given: Qd = 240 - 5P Qs = P Where Qd is the quantity demanded, Qs is the quantity supplied and P…

A: Given,   Qd = 240 - 5P  Qs = P  Tax on supplier = $12 per unit

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