Macroeconomics
Which of the following best describes the effect of a tax on the supply curve?
How does a \$6 tax on suppliers affect the equilibrium price and quantity if the demand equation is Qd = 45 - 5P and the supply equation is Qs = 3P - 9?
How does a \$4 tax on suppliers affect the equilibrium price and quantity if the demand equation is Qd = 40 - 4P and the supply equation is Qs = 2P - 8?
