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

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