A manufacturing company faces the following demand curve: Qd=1202P. The firm's accountants believe that the supply curve is given by: Qs=3P8 where P denotes price in and Qd and QS are the quantities demanded and quantities supplied, respectively. (a) Determine the equilibrium price and quantity in the market for the firm. (2 marks) (b) If a tax of 20% of the price per item is introduced by the government, calculate the new equilibrium price and quantity. (3 marks) (c) How does this tax effect the producer's revenue? (2 marks) (d) Illustrate your solutions from (a) and (b) with graph