Hello,

Why is the answer (20+4T/5). Could i please have a step-by step answer.

dont answer by pen paper and don't use AI bot

Question 12 1 / 1 pts Consider a market described by the following supply and demand equations: Qs=4P QD=100-P Suppose a tax equal to "T" is placed on buyers. What is the price paid by buyers following this tax? Hint: The difference between the price paid by buyers and the price received by sellers is equal to the tax. 100-4T orrect! O 20+47/5 O 25-T 25+4T/5