Answer to Question #62318 in Macroeconomics for Wesakania

Question #62318
Consider a competitive market with demand given by P = 100 - 2Q and supply given by P = 10 + Q. i. Find competitive equilibrium price and quantity. ii. Suppose government introduces as per unit tax of t = 15 on producers. Find the quantity traded in the market after tax. Find the price paid by consumers and price received by producers after tax. Show your results on a diagram.
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2016-10-05T13:24:03-0400

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