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If the demand and supply curve for computers is: D = 200 - 5P,S = 40 + 3P Where P is the price of computers.

If the demand and supply curve for computers is:

D = 200 - 5P,S = 40 + 3P

Where P is the price of computers.

a)Graph demand and supply curve by showing intersection points with both axes. Find equilibrium price and quantity.

b)Calculate Consumer and Producer surplus by showing respective area on the graph.

c)Analyze the market for computers if government imposes 1.2$ dollar tax for each computer sold by seller. Discuss the impact of this tax on the market and consumer surplus.

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