Compute the before-tax equilibrium price and quantity

Reference no: EM13694590

Suppose demand is given by QD = 100 – P and supply QS = P. If sellers pay a tax equal to 10, what is the after-tax supply? Compute the before-tax equilibrium price and quantity, the after-tax equilibrium quantity, and buyer’s price and seller’s price.

Reference no: EM13694590

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