Lamia E.

asked • 09/08/17

taxes and supply and demand

The supply curve for a certain industry is given by S(p) = p−2 and demand by D(p) = 30 − 3p.

What is the total tax revenue and the producer and consumer surplus under a $2 tax? What is the deadweight loss (DWL)?

1 Expert Answer


Andy C. answered • 09/08/17

4.9 (27)

Math/Physics Tutor

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.


Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.