Price that sellers receive after a tax


The demand for or a good is given by the following inverse demand function: P = 110 - 3Q. The supply curve of the same good is given by P = 10 + Q. What is the price that sellers receive after a tax of $20 is levied?

$30
$50
$20
$40

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Macroeconomics: Price that sellers receive after a tax
Reference No:- TGS066055

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