Let supply be given by P=5Q and demand by P=19-2Q. Suppose we now place a tax of 5 units per output on the seller. The new equilibrium price is

Let supply be given by P=5Q and demand by P=19-2Q. Suppose we now place a tax of 5 units per output on the seller. The new equilibrium price is

13:11

Let supply be given by P=5Q and demand by P=19-2Q. Suppose we now place a tax of 5 units per output on the seller. The new equilibrium price is



A. 2
B. 10
C. 7
D. 15


Answer: D. 15


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