(Appendix) Suppose we now place a tax of $7 per unit of output on the seller.The new equilibrium price will be:
A) 4
B) 30
C) 37
D) 10
Correct Answer:
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Q47: (Appendix) The new supply curve is
A)P =
Q48: (Appendix) The new equilibrium price is
A)2
B)7
C)15
D)10
Q49: (Appendix) As the demand curve becomes steeper,
Q51: (Appendix) Which is true?
A)A per unit tax
Q53: According to the model of supply and
Q54: Supposed the government imposed a binding price
Q55: (Appendix) The new equilibrium quantity is
A)7
B)2
C)3
D)5
Q56: Say at the current price there is
Q57: If the price of roses increases:
A)The demand
Q65: Explain why an equilibrium point in a
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