What would be the no tax equilibrium price and quantity

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The demand for a product is given by P = 350 - 2Q and the supply is P = 30+4Q. What is the maximum value of tax revenue that the government can extract? and What would be the no tax equilibrium price and quantity?

Reference no: EM131003562

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What would be the no tax equilibrium price and quantity : The demand for a product is given by P = 350 - 2Q and the supply is P = 30+4Q. What is the maximum value of tax revenue that the government can extract? and What would be the no tax equilibrium price and quantity?

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