(Answered) First two questionsdemand qdnbsp 175-5psupplyqsnbsp 1923p -

Economics

First two questions,

Demand: Q^d= 175-.5*P

Supply:Q^S = 1.923*P - 163.462

There is a $50 unit tax on the supplier side. what is the new equilibrium price?

I know the new price is 179, looking for the formula explaining the new

Also, what is the new equilibrium quantity?

the new quantity is 85, looking for the formula explaining the new

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Business Economics, Economics

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