Find out the new equilibrium price and quantity


Suppose demand and supply are given by
Qd= 7-1/2px and Qs=1/4p-1/2

Determine the equilibrium price and quantity suppose a $6 exisice tax are impose on the good. Determine the New equilibrium price and quantity.

Request for Solution File

Ask an Expert for Answer!!
Microeconomics: Find out the new equilibrium price and quantity
Reference No:- TGS052527

Expected delivery within 24 Hours