Maurice Tutor

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Category > Economics Posted 06 May 2018 My Price 4.00

upward-sloping straight line

In the market for tablets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping straight line. The equilibrium quantity in the market for tablets is 250 per month when there is no tax. Then a tax of $5 per tablet is imposed. As a result, the government is able to raise $800 per month in tax revenue. We can conclude that the equilibrium quantity of tablets has fallen by

 

130 per month

 

80 per month

 

160 per month

 

90 per month

 

60 per month

Answers

Maurice Tutor
(5)
Status NEW Posted 06 May 2018 03:05 PM My Price 4.00

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