Scenario 8-1
Suppose the market demand and market supply curves are given by the equations:
-Refer to Scenario 8-1.Suppose that a tax of T is placed on buyers so that the demand curve becomes: If T = 40,how much tax revenue will be collected from this tax?

Question

Scenario 8-1
Suppose the market demand and market supply curves are given by the equations: 
-Refer to Scenario 8-1.Suppose that a tax of T is placed on buyers so that the demand curve becomes:  If T = 40,how much tax revenue will be collected from this tax?

Quizplus · Accepted Answer

The Answer of Scenario 8-1
Suppose the market demand and market supply curves are given by the equations: 
-Refer to Scenario 8-1.Suppose that a tax of T is placed on buyers so that the demand curve becomes:  If T = 40,how much tax revenue will be collected from this tax?

Scenario 8-1 Suppose the Market Demand and Market Supply Curves Are Given