Suppose That a Market Is Initially in Equilibrium $P = 90 - Q ^ { d }$

question 9

Multiple Choice

Suppose that a market is initially in equilibrium. The initial demand curve is $P = 90 - Q ^ { d }$ . The initial supply curve is $P = 2 Q ^ { s }$ . Suppose that the government imposes a $\$ 3$ tax on this market. What is the change in consumer surplus due to the tax?

• A)$450.
• B)$420.50.
• C)$29.50.
• D)$0.50.

---

Definitions:

Form Color

The background color or style of a form in a graphical user interface.

Report Source

The underlying data or database object that provides the information displayed in a report.

Fields

In databases, fields are individual pieces of data that represent a single attribute or column in a database table, like a name or phone number.

Records

Units of data treated as a single entity in a database, typically represented as rows in a table.