-The figure above shows the market for digital cameras. If a tax on digital cameras of $30 per camera is imposed, the equilibrium quantity of digital cameras is ________ thousand cameras and the efficient quantity of digital cameras to produce is ________ thousand cameras.

Question

Quizplus · Accepted Answer

The tax reduces the equilibrium quantity to 200 thousand cameras, but the efficient quantity without the tax would be 300 thousand cameras.

-The Figure Above Shows the Market for Digital Cameras