Economic

posted by .

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 -

    0.60

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. economics

    Suppose the supply and demand for milk is described by the following equations: Qd=600-100P, Qs = -150+150P, where P is price in dollars . Qd is quantity demanded in millions of gallons per year. A. Create supply and demand tables …
  2. Finite Matematics

    The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price p is $170; the quantity demanded each month is 1000 when the unit price is $140. The suppliers will market 750 espresso makers if the unit price …
  3. Finite Math

    The quantity demanded each month of russo Espresso Makers is 250 when the unit price is $140; the quantity demanded each month is 1000 when th e unit price is $110. the suppliers will market 750 expresso makers if the unit price is …
  4. Math

    The quantity demanded each month of russo Espresso Makers is 250 when the unit price is $140; the quantity demanded each month is 1000 when th e unit price is $110. the suppliers will market 750 expresso makers if the unit price is …
  5. Math

    The quantity demanded each month of Russo Expresso Makers is 250 when the unit price is $136.oo. The quantity demanded each month is 1,2oo when the unit price is $98.00. The suppliers will market 700 espresso makers if the unit price …
  6. Finite

    The quantity demanded each month of Russo Espresso Makers is 250 when the unit price is $136. The quantity demanded each month is 1000 when the unit price is $106. The suppliers will market 750 espresso makers when the unit price is …
  7. college finite math

    The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price p is $180; the quantity demanded each month is 1000 when the unit price is $150. The suppliers will market 750 espresso makers if the unit price …
  8. college math HELP!!!!!

    The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price p is $180; the quantity demanded each month is 1000 when the unit price is $150. The suppliers will market 750 espresso makers if the unit price …
  9. math HELP!!

    The quantity demanded x each month of Russo Espresso Makers is 250 when the unit price p is $180; the quantity demanded each month is 1000 when the unit price is $150. The suppliers will market 750 espresso makers if the unit price …
  10. Economic Math

    Suppose the supply and demand for milk is described by the following equations: Qd=600-100P, Qs = -150+150P, where P is price in dollars . Qd is quantity demanded in millions of gallons per year. A. Create supply and demand tables …

More Similar Questions