you are given the following information:     Qs = 100 + 3P.   Qd = 400 – 2P From this information compute equilibrium price and quantity. Now suppose that a tax is placed on buyers so that  Qd = 400 – 2(P + T). If T = 15, solve for the new equilibrium price and quantity. (Note: P is the price received by sellers and P + T is the price paid by buyers.) Compare these answers for equilibrium price and quantity with your first answers. What does this show you?

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you are given the following information:     Qs = 100 + 3P.   Qd = 400 – 2P From this information compute equilibrium price and quantity. Now suppose that a tax is placed on buyers so that  Qd = 400 – 2(P + T). If T = 15, solve for the new equilibrium price and quantity. (Note: P is the price received by sellers and P + T is the price paid by buyers.) Compare these answers for equilibrium price and quantity with your first answers. What does this show you?

 

you are given the following information:     Qs = 100 + 3P.   Qd = 400 – 2P From this information compute equilibrium price and quantity. Now suppose that a tax is placed on buyers so that  Qd = 400 – 2(P + T). If T = 15, solve for the new equilibrium price and quantity. (Note: P is the price received by sellers and P + T is the price paid by buyers.) Compare these answers for equilibrium price and quantity with your first answers. What does this show you?

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you are given the following information:     Qs = 100 + 3P.   Qd = 400 – 2P From this information compute equilibrium price and quantity. Now suppose that a tax is placed on buyers so that  Qd = 400 – 2(P + T). If T = 15, solve for the new equilibrium price and quantity. (Note: P is the price received by sellers and P + T is the price paid by buyers.) Compare these answers for equilibrium price and quantity with your first answers. What does this show you?

 

you are given the following information:     Qs = 100 + 3P.   Qd = 400 – 2P From this information compute equilibrium price and quantity. Now suppose that a tax is placed on buyers so that  Qd = 400 – 2(P + T). If T = 15, solve for the new equilibrium price and quantity. (Note: P is the price received by sellers and P + T is the price paid by buyers.) Compare these answers for equilibrium price and quantity with your first answers. What does this show you?

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