The Inverse Demand Function for Grapefruit Is Defined by the Equation

The inverse demand function for grapefruit is defined by the equation p = 145 - 6q, where q is the number of units sold.The inverse supply function is defined by p = 5 + 4q.A tax of $20 is imposed on suppliers for each unit of grapefruit that they sell.When the tax is imposed, the quantity of grapefruit sold falls to

A) 9
B) 10
C) 14
D) 12
E) 13.

Correct Answer:

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