The demand for football tickets is Q=360-10P and the supply of football tickets is Q=20P. Calculate the gross price paid by consumers after a per-ticket tax of $4. Calculate the after-tax price received by ticket sellers.
The demand for football tickets is Q=360-10P and the supply of football tickets is Q=20P. Calculate the gross price paid by consumers after a per-ticket tax of $4. Calculate the after-tax price received by ticket sellers.