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Can you help me solve these questions. The supply of gazebos is given by P = 5 + 0.40; demand is given by Q =

Can you help me solve these questions.

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The supply of gazebos is given by P = 5 + 0.40; demand is given by Q = 20. A specic tax of $6 per unit is subsequently imposed and that shifts the supply curve to P = 11 + 0.40. a) Solve for the equilibrium price and quantity before and after the tax. Equilibrium price before tax = $ I Equilibrium quantity before tax = I Equilibrium price after tax = $ I Equilibrium quantity after tax = I b) Draw the demand curve and two supply curves. v Demand 121518 2124 27 W N c) Who bears the burden of the tax? 1:]

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