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A tax of $6 per unit is imposed on the supplier of an item. The original supply curve is q = 0.5p - 25 and the demand curve is q = 165 - 0.5p, where p is price in dollars. Find the equilibrium price and quantity before and after the tax is imposed. Before the tax is imposed the equilibrium price is p = $ and the equilibrium quantity is q = units. After the tax is imposed the equilibrium price is p = $ and the equilibrium quantity is q = units.

A tax of $6 per unit is imposed on the supplier of an item. The original supply curve is q = 0.5p - 25 and the demand curve is q = 165 - 0.5p, where p is price in dollars. Find the equilibrium price and quantity before and after the tax is imposed. Before the tax is imposed the equilibrium price is p = $ and the equilibrium quantity is q = units. After the tax is imposed the equilibrium price is p = $ and the equilibrium quantity is q = units.

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter7: Analytic Trigonometry
Section7.6: The Inverse Trigonometric Functions
Problem 94E
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A tax of $6 per unit is imposed on the supplier of an item. The original supply curve is q = 0.5p -25 and the demand curve is q = 165 -0.5p, where p is price in dollars. Find the equilibrium price and quantity before and after the tax is imposed. Before the tax is imposed the equilibrium price is p = = $ and the equilibrium quantity is q = units. After the tax is imposed the equilibrium price is p = $ and the equilibrium quantity is q = units.
Transcribed Image Text:A tax of $6 per unit is imposed on the supplier of an item. The original supply curve is q = 0.5p -25 and the demand curve is q = 165 -0.5p, where p is price in dollars. Find the equilibrium price and quantity before and after the tax is imposed. Before the tax is imposed the equilibrium price is p = = $ and the equilibrium quantity is q = units. After the tax is imposed the equilibrium price is p = $ and the equilibrium quantity is q = units.
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