Equlibrium price and quanity

Assignment Help Business Economics

Reference no: EM131391743

Using the equations:

Q = -3P + 300

Q = -15 + 1.5P

1) Solve for Equlibrium Price & Quanity

2) Calculate Price Elasticy of Demand at Equlibrium

3) If a $3 Tax was imposed on SELLERS, calcuate BUYERS tax burden

Reference no: EM131391743

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