question archive Consider a perfectly competitive market with market supply Qs=P and market demand Qd=100−P
Consider a perfectly competitive market with market supply Qs=P and market demand Qd=100−P
Subject:MarketingPrice:2.88 Bought3
Consider a perfectly competitive market with market supply Qs=P and market demand Qd=100−P. Suppose the government imposes a tax of $10 per unit on this market, to be paid by the consumer. What is the total quantity traded in the market after the tax has been imposed?
a. 50
b. 55
c. 45
d. 100
