# Economic

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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

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