Suppose demand for good X is given by QD=900- 1/2P where p is the price and QD the quantity demanded Supply is grven by QS = 1/4P. a) Suppose 60 TL tax is imposed on each unit of X that is purchased What are the equilibrium price and quantity of X after the tax is imposed? b) What is the burden of the tax? Explain the key factors that determine the incıdence of the tax

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