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2. un 2. Suppose the demand for computers is given by Op = 2400 -P and that the supply of computers is given by Qs
2. un 2. Suppose the demand for computers is given by Op = 2400 -P and that the supply of computers is given by Qs = 6P -400. a. Solve for the equilibrium price and equilibrium quantity. (20 Points) b. Suggest a method how you can check your result from a) and implement it. Is your result that you gave in a) correct? (10 Points) c. Calculate the Consumer Surplus for the given setting. (20 Points) d. Imagine the government introduces a special computer tax. What will happen to price and demand? Will societal surplus decrease or increase? Briefly explain who wins and who loses. (20 Points)
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