1. Tax: Assume the aggregate demand and supply for a good are given by the following EXpressions: o0 oo . 1 Q(p) =5(30p) Q5(p) =2p 10 Solve for the competitive equilibrium price (p) and guantity (Q). At the competitive equilibrium, what is the elasticity of demand (&) ? At the competitive equilibrium, what is the elasticity of supply (n)? Suppose the government imposes a per-unit tax of T = 2 on each unit of the good produced. What would be the resulting equilibrium quantity (QT)? What price would consumers pay (p\""*) and what price would producers receive (pF?)