the market for candy, researchers have estimated the following demand and supply curves.  Demand: P= 8 - Q/100 Supply:    P=  (3Q)/700 If the government imposes an excise tax of $0.50 per unit. What is tax revenue out of this tax? (Remember that the tax does not change the demand and supply curves).

Microeconomics: Private and Public Choice (MindTap Course List)
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ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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Chapter4: Demand And Supply: Applications And Extensions
Section: Chapter Questions
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In the market for candy, researchers have estimated the following demand and supply curves

Demand: P= 8 - Q/100

Supply:    P=  (3Q)/700

If the government imposes an excise tax of $0.50 per unit. What is tax revenue out of this tax? (Remember that the tax does not change the demand and supply curves). 

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