Homework Answers
Option 3
Qd=Qs
20-4/5P = 4/5P
20 = 1.6P
P=12.5
Now with $2 tax, $1 is borne be consumer and hence the consumer
price is $13.5
Add Answer to:
What price will consumers pay if a $2 tax is imposed on each
item sold?
zes/138449/take/questions/2700589...
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