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pirex pirex
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6 years ago
Suppose the market for grass seed can be expressed as

Demand: QD = 200 - 5p
Supply: QS = 40 + 5p

If the government collects a $5 specific tax from sellers, how much will the quantity demanded change from the amount demanded before the tax? What price will consumers pay after the tax? What price will sellers receive after the tax? What is the tax revenue?
Textbook 
Microeconomics

Microeconomics


Edition: 6th
Author:
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And if you call, I will answer
And if you fall, I'll pick you up
And if you court this disaster
I'll point you home
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TecShdwTecShdw
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6 years ago
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