Question: Price Quantity demanded Quantity supplied (dollars Bunches per week per bunch) 10 100 40 12 90 60 14 80 80 16 70 100 18 60

Price Quantity demanded Quantity supplied

(dollars Bunches per week

per bunch)

10 100 40

12 90 60

14 80 80

16 70 100

18 60 120

If tulips are not taxed, what is the price and how many bunches are bought?

If tulips are taxed $6 a bunch, what are the price and quantity bought? Who pays the tax?

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