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2 3. Let p = ,q+50 be the supply equation for a manufacturer's product, and suppose the demand 7 equation is p = 1004 +

2 3. Let p = ,q+50 be the supply equation for a manufacturer's product, and suppose the demand 7 equation is p = 1004 + 65. (a) (5 points) Find the equilibrium point. (b) (5 points) A tax of $1.50 per unit is to be imposed on the manufacturer. Find the new equilibrium point

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