Demand Assignment | Homework For You

Suppose the demand for a product is given by P=100-2Q. Also, the supply is given by P= 200+6Q. If a per unit excise tax is levied on the buyers of a good, then after the tax the sellers will receive ___ for the good. 

A) None of these

B)74

C)9

D)80

E)82

Suppose the demand for a product is given by P=30-3Q. Also, the supply is given by P= 10+Q. If a per unit excise tax is levied on the buyers of a good, what proportion of the tax is paid by the buyers?

A) 40%

B) None of these

C) 20%

D) 0%

E) 25%. Get Economics homework help today