Given the following demand and supply functions Qd = 220−5P Qs = −20+3P if a per unit tax of 8 is imposed on the commodity, i. 1860 2575 i. determine the equilibrium price and quantity before the imposition of the tax. i. determine the equilibrium price and quantity after the imposition of the tax iii. compare the results in (i) and (ii).
Given the following
i. determine the
i. determine the equilibrium price and quantity after the imposition of the tax
iii. compare the results in (i) and (ii).
ivgraphGiven the following demand and supply functions Qd = 220−5P Qs = −20+3P if a per unit tax of 8 is imposed on the commodity, i. 1860 2575
i. determine the equilibrium price and quantity before the imposition of the tax.
ii. determine the equilibrium price and quantity after the imposition of the tax. iii. compare the results in (i) and (ii).
iv. graph the results in (i) and (ii).results in (i) and (ii).
Please I need answer for only subpart iv
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