Below is the supply/demand, inverse supply/demand, and market equilibriums for a market. and after a tax imposed on sellers. After the tax, calculate CS, PS, TR, and DWL. Before tax: Inverse demand: P=-4Qd+250 Demand: Qd=(-1/4)P+62.5 Inverse supply: P=6Qs+20 Supply: Qs=(1/6)P-(10/3) p*=158; Q*=23 After tax: Inverse demand: P=-4Qd+250 Demand: Qd=(-1/4)P+62.5 Inverse supply P=6Qs+30 Supply: Qs=(1/6)(P-10)-(10/3) Pb*=162; Ps*=152; Q*=22

Below is the supply/demand, inverse supply/demand, and market equilibriums for a market. and after a tax imposed on sellers. After the tax, calculate CS, PS, TR, and DWL. Before tax: Inverse demand: P=-4Qd+250 Demand: Qd=(-1/4)P+62.5 Inverse supply: P=6Qs+20 Supply: Qs=(1/6)P-(10/3) p=158; Q=23 After tax: Inverse demand: P=-4Qd+250 Demand: Qd=(-1/4)P+62.5 Inverse supply P=6Qs+30 Supply: Qs=(1/6)(P-10)-(10/3) Pb=162; Ps=152; Q*=22

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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