Demand: P=30-2Q
Supply: P=4Q
Equilibrium Price____
Equilibrium Quantity______
Own Price Elasticity of demand Equlilbrium______
Consumer surplus________
Producer surplus__________
Same market after $6 sales Tax
What is the new price that consumer see?________
What is the price that suppliers receive?__________
What is the new quantity sold/produced__________
Consumer surplus_________
Producer surplus_______
Government revenue____________
Dead weight loss after tax is imposed__________