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Managerial Economics · Quiz 2 · 16 Mar 2025 · January 2025 term

Question 29: Suppose, the government acts weird and removes the tax t…

Question 29

+1 markNumerical answer

Based on the above data, answer the given subquestions.

Suppose, the government acts weird and removes the tax to provide a subsidy of INR 1 per unit to cigarette producers.
Price that seller receives per unit (including subsidy) will be P^(s)= _____________

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Correct answer: 3.5

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Question 29 of 30 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 2 paper sat on 16 Mar 2025, in the January 2025 term (IIT M DEGREE AN EXAM QDB2 16 Mar 2025). It carries 1 mark.

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