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Suppose the demand for a product is given by P = 50 -Q. Also, the supply is given by P = 10 + 3Q.

Suppose the demand for a product is given by P = 50 -Q. Also, the supply is given by P = 10 + 3Q. If a $12 per-unit excise tax is levied on the buyers of a good, then after the tax buyers will pay _________ for each unit of the good.

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solved given that demand function P=50-Q Tax of $12 per unit is levied on buyers P = 50 -... View the full answer

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1 comment
  • The total amount per unit will be $49
    • alphayo
    • Apr 23, 2018 at 2:12am

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