Table 1: Market for Skis P 0 20 40 60 80 100 Qd 25 20 15 10 5 0 Qs 0 4 8 12 16 20 Part 1: Consider the market for skis. a. What is the equilibrium price and quantity? b. What is the equilibrium price sellers receive, equilibrium price buyers pay, and equilibrium quantity if there is a $20 tax on buyers?

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