Equilibrium price and quantity as function of specific tax

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Reference no: EM131239938

Estimated demand function for coffee is

Q=21-P

Estimated supply function for coffee is

Q=3+ .25p

Write equations for the equilibrium price and quantity as a function of a specific tax (t) assume the tax is paid by producers equilibrium price( as a function of tax t ) is _____?

Reference no: EM131239938

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