Scenario 8-3
Suppose the market demand and market supply curves are given by the equations:
-Refer to Scenario 8-3. Suppose that a tax of T is placed on buyers so that the demand curve becomes: If T = 40, how much is the burden of the tax on the buyers and on the sellers?

Question

Scenario 8-3
Suppose the market demand and market supply curves are given by the equations: 
-Refer to Scenario 8-3. Suppose that a tax of T is placed on buyers so that the demand curve becomes:  If T = 40, how much is the burden of the tax on the buyers and on the sellers?

Quizplus · Accepted Answer

The Answer of Scenario 8-3
Suppose the market demand and market supply curves are given by the equations: 
-Refer to Scenario 8-3. Suppose that a tax of T is placed on buyers so that the demand curve becomes:  If T = 40, how much is the burden of the tax on the buyers and on the sellers?

Scenario 8-3 Suppose the Market Demand and Market Supply Curves Are Given