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The demand and supply of movie tickets are given by QD = 30 – 3P and...

The demand and supply of movie tickets are given by QD = 30 – 3P and QS = 4P – 19, where P is the price per ticket and Q is in thousands of tickets. If the government places a $1 tax on each ticket, the prices that consumers pay with and without the tax are _____ and _____, respectively.

Answer Choices Include:
$4.30; $3.80
$7.57; $7
$8; $7
$7.50; $6.80
Business   Economics   
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Answer #1

Hence option second is the correct answer.

Option second is; ($7.57; $7)

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