Suppose that the demand for good is given by D = 10 − p. Recall that the demand is a function which shows the amount of good demanded at each price level. Further, suppose that the supply for the same good is given by S = p + 1. (a) Find the market equilibrium price and quantity. (b) Find consumer surplus, producer surplus and total surplus. (c) Now, suppose that the tax of 1 AZN per unit is imposed on sellers. Find new equilibrium.

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