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

question 60

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. How much of this $\$ 3$ tax is paid by consumers?

• A) \(\$ 1\).
• B) \(\$ 1.50\).
• C) \(\$ 2\).
• D) \(\$ 3\)

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