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

question 46

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 is paid for by producers?

• A) $0.
• B) $1.
• C) $1.50.
• D) $2.

---

Definitions:

Psittacosis

An infectious disease primarily transmitted to humans from birds, particularly parrots, caused by the bacterium Chlamydia psittaci.

Parrot Fever

Also known as Psittacosis, an infectious disease transmitted to humans by birds, particularly from the parrot family.

Parotitis

Inflammation of the parotid gland, one of the major salivary glands, which can lead to swelling and pain near the ears.

Esophageal Varices

Abnormally enlarged veins in the lower part of the esophagus, often associated with significant risk of bleeding in individuals with advanced liver disease.