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The demand for grapes is represented by the equation Qd = 40

Paper help Economics The demand for grapes is represented by the equation Qd = 40

Economics

The demand for grapes is represented by the equation Qd = 40

The demand for grapes is represented by the equation Qd = 40-2P and supply is represented by the equ… Show more The demand for grapes is represented by the equation Qd = 40-2P and supply is represented by the equation Qs = 2P. The government decides to raise revenue by taxing consumers $4 for every box of grapes purchased. As a result of this tax, the quantity of grapes sold in the market will be: a. 8 b. 16 c. 26 d. 24 The answer is “b” but I don’t know how to solve this problem!! • Show less

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