Question: Suppose the demand for a product is given by P = 30 - 3Q. Also, the supply is given by P = 10 + Q.

Suppose the demand for a product is given by P = 30 - 3Q. Also, the supply is given by P = 10 + Q. If a $4 per-unit excise tax is levied on the buyers of a good, after the tax, the total amount of tax paid by the consumers is

Group of answer choices

$8

None of these

$16

$4

$12

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