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

question 66

Multiple Choice

Suppose that a market is initially in equilibrium. The initial demand curve is $P = 90 - Q ^ { d }$ . The initial supply curve is $P = 2 Q ^ { 5 }$ . 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

---

Definitions:

Temporal Lobe

A region of the cerebral cortex involved in auditory perception, memory, and speech.

Occipital Lobe

The region of the cerebral cortex located at the back of the brain, responsible for processing visual information.

Withdrawal Response

A defensive reaction to a threat or pain, characterized by pulling away or retreating.

Obvious Stimulus

A stimulus that is easily perceived or recognized by an individual due to its distinct characteristics.