Suppose the demand for soft drinks is given by P= -5Q+50 and the supply for soft drinks
is given by Q = P/3 - 2. If the government imposes a 3 dollar per unit tax on consumers
for soft drinks, what is the new equilibrium?
a) Q = 5.5; P = 22.5
b) Q = 7; P = 20
c) Q = 5.125; P = 24.375
d) Q = 5. P = 21.125