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Answer the questions attached Suppose the market demand is in the following form. GK 2 10D 2*PX + ill P1,: + 15*Pop where P}: is

Answer the questions attached

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Suppose the market demand is in the following form. GK 2 10D 2*PX + ill\" P1,: + 15*Pop where P}: is the price of good X, Par is the price of good Y, and Pop is the size of the population. And, the market supply)r is in the following form 0x = 2*Px a) Suppose FY = 14 and Pop 2 1.10. We can find that the equilibrium price of X is [Answer]. [In decimal numbers, with two decimal places, please.) b) Continue from the previous question and suppose Par = 14 and Pop = 110. We can nd that the equilibrium quantityr of X is [Answer]. [In decimal numbers, with two decimal places, please.) c) Continue from the previous question and suppose FY = 14 and Pop = 1.10. We can find that the total economic surplus at the market equilibrium of X is [Answer]. [In decimal numbers, with two decimal places, please.) d) Continue from the previous question. Suppose P1,: is still 14 but there is an inow of population that increases Pop to 22D. We can nd that the equilibrium price of X is [Answer]. [In decimal numbers, with two decimal places, please.) e) Continue from the previous question. Suppose FY is still 14 but there is an inow of population that increases Pop to 22E]. We can nd that the equilibrium quantity of X is [Answer]. [In decimal numbers, with two decimal places, please.) The inverse supply function for pizza is: PS = 1 + QS The demand function for pizza is: PD = 19 - 20 What's the change in Total Surplus when a $3 tax on consumption is introduced? (NOTE: You should assume that no tax was in place beforehand)

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