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