Homework answers / question archive / Suppose the demand for a product is given by P = 60-2Q

Suppose the demand for a product is given by P = 60-2Q

Marketing

Share With

Suppose the demand for a product is given by P = 60-2Q. Also, the supply is given by P = 10 + 3Q. If a $10 per-unit excise tax is levied on the buyers of a good, government revenue is equal to

a. $64

b. $20

c. $10

d. $128

e. None of these