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Taxes & subsidies (market effects)

Economics & Finance · Microeconomics — markets

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About this practice set

Taxes & subsidies (market effects) is part of Economics & Finance (Microeconomics — markets). Questions are generated with new numbers each time you practise. Levels available: Easy. After you answer, an explanation is shown.

Example questions

A taste of what you will practise. Answers are revealed after you try.

  • Easy

    Demand is Qd = 82 − 3P and supply is Qs = 38 + 1P. A per-unit tax of $7 is imposed on producers. What is the new equilibrium price?