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

question 14

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. What are the government receipts from the tax?

• A) $90.
• B) $87.
• C) $45.
• D) $43.50.

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