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Scenario 8-3 ​

Question 97

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Scenario 8-3
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Suppose the market demand and market supply curves are given by the equations:
​
QD = 200 - P
-Refer to Scenario 8-3. Suppose that a tax of T is placed on buyers so that the demand curve becomes:
QD = 200 - (P + T)
If T = 40, how many units will be bought and sold after the tax is imposed?

Correct Answer:

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120 units will be bo...

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