question archive Suppose market demand for guns (in millions) is given by the equation QD = 36 - 3P
Suppose market demand for guns (in millions) is given by the equation QD = 36 - 3P
Subject:EconomicsPrice: Bought3
Suppose market demand for guns (in millions) is given by the equation QD = 36 - 3P. Guns are supplied according to the market supply equation QS = 3P. Suppose the government imposes a tax on gun producers of $2 per gun. Calculate the new level total surplus after imposed tax.
