-The demand and supply of a product is given in the above table. A unit tax of $2 is imposed on the product. The equilibrium quantity for this product after the tax is imposed is equal to

Question

Quizplus · Accepted Answer

A unit tax shifts the supply curve upwards by the amount of the tax. The new equilibrium is where the new supply curve (after accounting for the tax) intersects the demand curve. Without the specific table data, we can't calculate the exact quantity, but typically, a unit tax would reduce the quantity supplied and demanded, leading to a new equilibrium quantity. Since the question doesn't provide the specific demand and supply equations or data from the table, we can't perform the exact calculation. However, the correct process involves finding the new supply equation by incorporating the tax, then solving for the quantity where this new supply equals demand.

-The Demand and Supply of a Product Is Given in the Above