Consider a Market with a Demand Curve of P =

question 6

Multiple Choice

Consider a market with a demand curve of P = 15 - q and a supply curve of P = 2q.If the government levies a tax on consumers of $3 per unit, what is the equilibrium quantity traded in the market.

• A)3
• B)4
• C)5
• D)6
• E)7

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