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1.) Assume the market demand and supply for a good or service can be represented by the equations, P=100-4Q and P= 20+ Q 1a.) Find
1.) Assume the market demand and supply for a good or service can be represented by the equations, P=100-4Q and P= 20+ Q 1a.) Find the market equilibrium price and quantity. Sketch a graph and add these to it. 1b.) Calculate and briefly explain the distribution of the tax incidence
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