Suppose the market demand function for ice cream is Q^d=10-2P and the market supply function for ice cream is Q^s=4P-2 , both measured in millions of gallons of ice cream per year. Suppose the government imposes a $0.50 tax on each gallon of ice cream. The producer surplus after the tax is A) $4.40 B) $5.40 C) $1.80 D) $4.92

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The Answer of Suppose the market demand function for ice cream is Q^d=10-2P and the market supply function for ice cream is Q^s=4P-2 , both measured in millions of gallons of ice cream per year. Suppose the government imposes a $0.50 tax on each gallon of ice cream. The producer surplus after the tax is A) $4.40 B) $5.40 C) $1.80 D) $4.92

Suppose the Market Demand Function for Ice Cream Is Qd=10-2P

Suppose the Market Demand Function for Ice Cream Is Q^d=10-2P