ayekrystal8135 ayekrystal8135
  • 07-08-2024
  • Business
Answered

Consider the market for corn, which is perfectly competitive. Supply and demand are given by:

Qₛ = 2P − 20
QD = 150 − 3P

a. Find the market equilibrium price and quantity.
b. Suppose the government imposes a tax of $5 per unit sold in this market. Find the quantity sold after the tax is imposed.



Answer :

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