Demand p100-2qsurplus53qa equilibrium of, Ask an Expert

Economics

Demand: P=100-2Q

Surplus=5+3Q

A) Equilibrium of Price/Quantity/Consumer Surplus/Producer Surplus? B) If a tax is introduced and it is $1 per unit, what are the new Price/Quantity/Consumer Surplus/ Producer Surplus/ tax revenues? C) What is the deadweight loss of the tax? D) How much do Producers/Consumers pay toward the tax? Could you please include the price and quantity graph with the supply and demand curves and show steps on how to get the correct answers?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91709650

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