Demand p30-2qsupply p4qequilibrium priceequilibrium

Assignment Help Business Economics

Reference no: EM13379012

Demand: P=30-2Q

Supply: P=4Q

Equilibrium Price____

Equilibrium Quantity______

Own Price Elasticity of demand Equlilbrium______

Consumer surplus________

Producer surplus__________

Same market after $6 sales Tax

What is the new price that consumer see?________

What is the price that suppliers receive?__________

What is the new quantity sold/produced__________

Consumer surplus_________

Producer surplus_______

Government revenue____________

Dead weight loss after tax is imposed__________

Reference no: EM13379012

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