Question

Consider a market in which aggregate demand is given by 1000−10p, and aggregate supply is given by 10p, where p denotes the market price.

QUESTION: What is the maximum amount of revenue that the government can raise using a per-unit sales tax on consumers?

Answer 1

25000

Answer 2

wrong !!!

Answer 3

So what's correct?

Answer 4

This is the total social welfare available.

Answer 5

Ok, The correct answer should be 12,500. Let me know if you are happy with this.

Answer 6

correct!!!! thnks dude

Answer 7

Thanks

Answer 8

Thanks!