i need this in woords not hamdwritten please rewrite it as it is

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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i need this in woords

not hamdwritten

please rewrite it as it is

b)
equilibrium, Demand = Supply
-8p+1000 = up-200
1200 = 120
Te100
8 = 4(100) - 200
18 = 200
70
=
=
80
-
So, quantity toaded
Government tan the buyer $30 per writ
8d = -8 (p +30) +1000
= - 8P - 240 +1000
Os = 4P-200
80₂ dd = Os =) - 8pt760 = 4p-200
12p = 960 = P = 80
8 = 4/80)-200
= 120
A
Quantity traded = 120
is a
So, to reduce consumption, price culing
>>
when priv willing
=
= -8(70) + 1000
8³ = 4(70)-200
440
80
8p+760
Better
Better
Transcribed Image Text:b) equilibrium, Demand = Supply -8p+1000 = up-200 1200 = 120 Te100 8 = 4(100) - 200 18 = 200 70 = = 80 - So, quantity toaded Government tan the buyer $30 per writ 8d = -8 (p +30) +1000 = - 8P - 240 +1000 Os = 4P-200 80₂ dd = Os =) - 8pt760 = 4p-200 12p = 960 = P = 80 8 = 4/80)-200 = 120 A Quantity traded = 120 is a So, to reduce consumption, price culing >> when priv willing = = -8(70) + 1000 8³ = 4(70)-200 440 80 8p+760 Better Better
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