Answered: Figure 2-1 20 Tprice 18 16 14 12 10 4 D…

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Economics

Figure 2-1 20 Tprice 18 16 14 12 10 4 D 10 20 30 40 so 60 70 80 quantity

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Question 30

Referring to Figure 2-1 , suppose a tax of $6 per unit is imposed on the sellers in this market. What will be the new equilibrium QUANTITY in this market?

Figure 2-1
20 Trice
18
16
14
12
10
6.
4
D
10 20 30 40 50 60 70 80 quantity

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