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Consider the following original demand-supply functions, where: Demand: 0.6 P = -4 Qd + 59 Supply: 15 P = 8 Qs + 2 1. What

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Consider the following original demand-supply functions, where: Demand: 0.6 P = -4 Qd + 59 Supply: 15 P = 8 Qs + 2 1. What is the equilibrium price ? 2. What is the equilibrium quantity '2 If the government imposes a tax on Sellers = $0.5 , 3. What is the price that the buyer pays? 4. What is the price the seller receives? 5. What is the market quantity purchased? 6. What is the total tax revenue? 7. What is the value of the consumer surplus? 8. What is the value of the producer surplus? 9. What is the value of the deadweight loss

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