Assignment Help - homework help

The new quantity is 85 looking for the formula explaining


First two questions,

  1. Demand: Qd = 175-.5*P

Supply:QS = 1.923*P - 163.462

There is a $50 unit tax on the supplier side. what is the new equilibrium price?

  • I know the new price is 179, looking for the formula explaining the new

Also, what is the new equilibrium quantity?

  • the new quantity is 85, looking for the formula explaining the new

Solution Preview :

Prepared by a verified Expert
Business Economics: The new quantity is 85 looking for the formula explaining
Reference No:- TGS02918287

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)