Consider A Market With A Demand Given By Q D 60060 P And The Market Supply Is Q

A. After the tax, the equilibrium is pb = 6, ps = 3 and QT = 240B. After the tax, the equilibrium is pb = 9, ps = 6 and QT = 240C. The government revenue from the tax is 240×$3=$720D. The deadweight loss from this tax is zero.E. None of the above.

Posted in Uncategorized