Solve for equlibrium price amp quanity calculate price
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
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using the equationsq -3p 300q -15 15p1 solve for equlibrium price amp quanity2 calculate price elasticy of demand
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