Suppose demand for comedy show tickets is given by P = 50 - Q and the supply for comedy show tickets is given by P = 10 + 4Q. Suppose a taxof $10 is levied. What will be the revenue per ticket received by the venue (producers) after the tax?O 424434О 38

Before Tax Inverse Demand: P=50-Q Demand: Qd=50-P Inverse Supply: P=10+4Q Supply : Qs=(P-10)/4…

Suppose demand for comedy show tickets is given by P = 50 – Q and the supply for comedy show tickets is given by P = 10 + 4Q. Suppose a taz of $10 is levied. What will be the revenue per ticket received by the venue (producers) after the tax? O 42 O 44 O 34 O 38

Suppose demand for comedy show tickets is given by P = 50 – Q and the supply for comedy show tickets is given by P = 10 + 4Q. Suppose a taz of $10 is levied. What will be the revenue per ticket received by the venue (producers) after the tax? O 42 O 44 O 34 O 38

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

Suppose demand for comedy show tickets is given by P = 50 - Q and the supply for comedy show tickets is given by P = 10 + 4Q. Suppose a tax
of $10 is levied. What will be the revenue per ticket received by the venue (producers) after the tax?
O 42
44
34
О 38

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