Determine the effect on equilibrium price of introduction

Reference no: EM132113280

Question: A monopolist faces an inverse demand function p=100-4q and her total cost of production is c=20q. Determine the effect on equilibrium price of the introduction of specific tax of value t = 8. Is the tax over shifted? Justify your answer. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132113280

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