Refer to Scenario 8-3. Suppose that a tax of T is placed on buyers so that the demand curve becomes:
Q^D = 200 - (P + T)
What price will sellers receive and what price will buyers pay after the tax is imposed?

Sellers

Sellers refer to individuals or entities that offer goods or services for sale to consumers or other businesses in the market.

Buyers

Participants in the market who purchase goods or services for consumption or investment.

Tax

A required payment to a governmental authority, derived from income, property, sales, and other sources, used to fund public services and obligations.