For a market in one good, the quantity supplied (QS) and the quantity demanded (QD) are QS = P – 30 and QD = 240 – 2P, where P = price in dollars. After a tax change on the good, QS becomes P – 36. What effect will this change have on equilibrium price?
- AIt will fall by $2.
- BIt will fall by $6.
- CIt will rise by $2.
- DIt will rise by $6.