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5. Consider the demand and supply curves D = 240 -=P and S = 2P - 30. 4 (a) Find the equilibrium price P* and

5. Consider the demand and supply curves D = 240 -=P and S = 2P - 30. 4 (a) Find the equilibrium price P* and the corresponding quantity Q*. (b) Suppose a tax of 4.50 per unit is imposed on the producer. How will this influence the equilibrium price

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