Demand function for carrots

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Reference no: EM131805700

Suppose that the demand function for carrots is Q D = 200 - 2 p, and the supply function is Q S = 16 p. find the: equilibrium price, equilibrium quantity, consumer surplus, producer surplus, and govt revenue for the following three scenarios: a) no tax or subsidy, b) a tax on suppliers of $ 5 per unit, and c) a subsidy of $ 5 per unit.

Reference no: EM131805700

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