Posted by **Dina** on Sunday, April 11, 2010 at 9:43pm.

The market for Good X can be depicted with the following demand and supply equations:

Demand: P = 50 – 1/2Q

Supply: P = 1/3Q

Where P is price per unit and Q represents quantity in units. Policy makers plan on imposing a $1 per unit tax on this good.

Question: ( Market for Good X) If this tax is imposed, the price of Good X will increase by:

A) $20.

B) $0.60.

C) $1.00.

D) $1.50.

I don't how to solve?

- Economic -
**Satang**, Wednesday, October 16, 2013 at 7:46pm
0.60

## Answer This Question

## Related Questions

- Economic Math - Suppose the supply and demand for milk is described by the ...
- economics - 1. Suppose that the market of laptops is given by following supply ...
- economics - Suppose the supply and demand for milk is described by the following...
- Math help - Fimd the market price and demand for the pair of supply and demand ...
- Econ - How does the aggregate goods and services market differ from the regular...
- economics - in the simple economics of a competitive market price increases ...
- Finite Math - The quantity demanded each month of russo Espresso Makers is 250 ...
- Math - The quantity demanded each month of russo Espresso Makers is 250 when ...
- economics - Can you please exlain to me if I'm wrong not just correct me. ps. ...
- economics - in the simple economics of a competitive market price increase under...

More Related Questions