What is the equilibrium quantity

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Reference no: EM13815813

Suppose that demand is given by the equation:

Qd=180-3P

But a tax of $4 is placed on producers, altering supply to the equation:

Qs= P-T-20=P-24

1) What would be the equilibrium price?

2) What is the equilibrium quantity?

Reference no: EM13815813

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