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How much tax revenue is collected

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Reference no: EM132499876

Consider a perfectly competitive market with market supply QS= -2+ P and market demand QD= 40 -P/2.

Suppose the government imposes a tax of $6 per unit on this market.

How much tax revenue is collected?

a. $0

b. $48

c. $96

d. $144

e. $156

Which is the correct answer and why?

Reference no: EM132499876

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