Between 1986 and 2015, while the general price level increased by 116%, drug prices

Thinking about information as a good, what determines the information people are willing to pay for?

What will be an ideal response?

Suppose the market for grass seed can be expressed as:

Demand: QD = 100 - 2p Supply: QS = 3p If government imposes a $5 specific tax to be collected from sellers, what is the price consumers will pay? How much tax revenue is collected? What fraction is paid by sellers?