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Based on the following supply and demand functions P=0,+8 and P = -3Q, +80, If the government imposes a fixed tax of $36 on each good The n the government's tax revenue is $324 $432

Based on the following supply and demand functions P=0,+8 and P = -3Q, +80, If the government imposes a fixed tax of $36 on each good The n the government's tax revenue is $324 $432

Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter8: Application: The Cost Of Taxation
Section: Chapter Questions
Problem 3QR
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Based on the following supply and demand functions P 0,+8 and P=-30, +80, the government imposes a fixed tax of $36 on each good The n the government's tax revenue is $324 IS300 $972 $432
Transcribed Image Text:Based on the following supply and demand functions P 0,+8 and P=-30, +80, the government imposes a fixed tax of $36 on each good The n the government's tax revenue is $324 IS300 $972 $432
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