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Effects of a Sales Tax P 40 D They can express their estimates as 35 formulae and plot them (simplified S as straight lines) 30

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Effects of a Sales Tax P 40 D They can express their estimates as 35 formulae and plot them (simplified S as straight lines) 30 Demand: 25 P = 82.5 0.25QD or QD = 330 4P (check these at equilibrium and two other points) Supply: P = 7.5 + 0.05043 or OS = 20P 150 (check both)

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