Suppose That the Equilibrium Quantity in the Market for Widgets

question 180

Multiple Choice

Suppose that the equilibrium quantity in the market for widgets has been 200 per month.Then a tax of $5 per widget is imposed.As a result,the government is able to raise $750 per month in revenue.By how much has the equilibrium quantity of widgets fallen

• A)25 per month
• B)50 per month
• C)75 per month
• D)100 per month

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Definitions:

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A medication taken to aid in falling asleep or staying asleep.