1 answer

Scenario 8-3 Suppose the market demand and market supply curves are given by the equations: Q...

Question:

Scenario 8-3 Suppose the market demand and market supply curves are given by the equations: Q = 200 P e=3P Refer to Scenario

Scenario 8-3 Suppose the market demand and market supply curves are given by the equations: Q = 200 P e=3P Refer to Scenario 8-3. Suppose that a tax of T is placed on buyers so that the demand curve becomes: = 200- (P+T If T 40, how much will be the deadweight loss from this tax?

Answers

Dealwoyt locs dd= ss 200-P =3P Ph-50 Ph=90 BI=1S0 92=110 Rnd iwyht Less 05(90-50x(150-110) Loss = 40 X40x 6. 800

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