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Suppose the Supply and Demand Equations for a Manufacturer's Product

Question 164

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Suppose the supply and demand equations for a manufacturer's product are Suppose the supply and demand equations for a manufacturer's product are and respectively,where q represents number of units and p represents price per unit in dollars.Determine (a)the equilibrium quantity; (b)the equilibrium price.If a tax of $1.00 per unit is imposed on the manufacturer,(c)determine the new equilibrium quantity; (d)the new equilibrium price.
and Suppose the supply and demand equations for a manufacturer's product are and respectively,where q represents number of units and p represents price per unit in dollars.Determine (a)the equilibrium quantity; (b)the equilibrium price.If a tax of $1.00 per unit is imposed on the manufacturer,(c)determine the new equilibrium quantity; (d)the new equilibrium price.
respectively,where q represents number of units and p represents price per unit in dollars.Determine (a)the equilibrium quantity; (b)the equilibrium price.If a tax of $1.00 per unit is imposed on the manufacturer,(c)determine the new equilibrium quantity; (d)the new equilibrium price.

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