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Based on the attached equation. find: i) Supply Equation Identify the supply equation after tax from the list below LIST OF EQUATION OPTIONS (a) Q = P + 12 (b) Q = 300 - 5P (C) Q = 228 - 5P (D) Q = P - 12 (E)  240 - 5P (F) Q = 180 - 5P (G) Q = 252 - 5P (H) Q = P   ii) Demand Equation Identify the Demand equation after tax from the list below LIST OF EQUATION OPTIONS (a) Q = P + 12 (b) Q = 300 - 5P (C) Q = 228 - 5P (D) Q = P - 12 (E)  240 - 5P (F) Q = 180 - 5P (G) Q = 252 - 5P (H) Q = P

Based on the attached equation. find: i) Supply Equation Identify the supply equation after tax from the list below LIST OF EQUATION OPTIONS (a) Q = P + 12 (b) Q = 300 - 5P (C) Q = 228 - 5P (D) Q = P - 12 (E)  240 - 5P (F) Q = 180 - 5P (G) Q = 252 - 5P (H) Q = P   ii) Demand Equation Identify the Demand equation after tax from the list below LIST OF EQUATION OPTIONS (a) Q = P + 12 (b) Q = 300 - 5P (C) Q = 228 - 5P (D) Q = P - 12 (E)  240 - 5P (F) Q = 180 - 5P (G) Q = 252 - 5P (H) Q = P

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Based on the attached equation.

find:

i) Supply Equation

Identify the supply equation after tax from the list below

LIST OF EQUATION OPTIONS
(a) Q = P + 12
(b) Q = 300 - 5P
(C) Q = 228 - 5P
(D) Q = P - 12
(E)  240 - 5P
(F) Q = 180 - 5P
(G) Q = 252 - 5P
(H) Q = P

 

ii) Demand Equation

Identify the Demand equation after tax from the list below

LIST OF EQUATION OPTIONS
(a) Q = P + 12
(b) Q = 300 - 5P
(C) Q = 228 - 5P
(D) Q = P - 12
(E)  240 - 5P
(F) Q = 180 - 5P
(G) Q = 252 - 5P
(H) Q = P

 




4. Given the following information Qp = 240 – 5P Os = P Where Qp is the quantity demanded , Qs is the quantity supplied and P is the price. The govern-ment enacted a tax of 0.12(12percent) per-unit on sellers in this mar-ket.
Transcribed Image Text:4. Given the following information Qp = 240 – 5P Os = P Where Qp is the quantity demanded , Qs is the quantity supplied and P is the price. The govern-ment enacted a tax of 0.12(12percent) per-unit on sellers in this mar-ket.
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