Macroeconomics

Learn the toughest concepts covered in your Macroeconomics class with step-by-step video tutorials and practice problems.

Introduction to Taxes

Quantitative Analysis of Taxes

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Quantitative Analysis of Taxes

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Problem

The supply and demand curves for a product are as follows. What is the amount suppliers receive if a $0.50 tax is imposed upon consumers? 

QD = 600 – 100P 

QS = -150 + 150P