Based on the attached equation. find: i) Supply Equation Identify the supply equation after tax from the list below LIST OF EQUATION OPTIONS (a) Q = P + 12 (b) Q = 300 - 5P (C) Q = 228 - 5P (D) Q = P - 12 (E) 240 - 5P (F) Q = 180 - 5P (G) Q = 252 - 5P (H) Q = P ii) Demand Equation Identify the Demand equation after tax from the list below LIST OF EQUATION OPTIONS (a) Q = P + 12 (b) Q = 300 - 5P (C) Q = 228 - 5P (D) Q = P - 12 (E) 240 - 5P (F) Q = 180 - 5P (G) Q = 252 - 5P (H) Q = P
Based on the attached equation. find: i) Supply Equation Identify the supply equation after tax from the list below LIST OF EQUATION OPTIONS (a) Q = P + 12 (b) Q = 300 - 5P (C) Q = 228 - 5P (D) Q = P - 12 (E) 240 - 5P (F) Q = 180 - 5P (G) Q = 252 - 5P (H) Q = P ii) Demand Equation Identify the Demand equation after tax from the list below LIST OF EQUATION OPTIONS (a) Q = P + 12 (b) Q = 300 - 5P (C) Q = 228 - 5P (D) Q = P - 12 (E) 240 - 5P (F) Q = 180 - 5P (G) Q = 252 - 5P (H) Q = P
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
Based on the attached equation.
find:
i) Supply Equation
Identify the supply equation after tax from the list below
| LIST OF EQUATION OPTIONS |
| (a) Q = P + 12 |
| (b) Q = 300 - 5P |
| (C) Q = 228 - 5P |
| (D) Q = P - 12 |
| (E) 240 - 5P |
| (F) Q = 180 - 5P |
| (G) Q = 252 - 5P |
| (H) Q = P |
ii)
Identify the Demand equation after tax from the list below
| LIST OF EQUATION OPTIONS |
| (a) Q = P + 12 |
| (b) Q = 300 - 5P |
| (C) Q = 228 - 5P |
| (D) Q = P - 12 |
| (E) 240 - 5P |
| (F) Q = 180 - 5P |
| (G) Q = 252 - 5P |
| (H) Q = P |
Transcribed Image Text:4. Given the following information
Qp = 240 – 5P
Os = P
Where Qp is the quantity demanded , Qs is the quantity supplied
and P is the price.
The govern-ment enacted a tax of 0.12(12percent) per-unit on sellers in this mar-ket.
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