Kindly enclose your final answer in box.

B. SUPPLY AND DEMAND ANALYSIS 1. The supply and demand functions of a good are given by: P = Qs + 8 and P = -3QD + 80 where P, Qs and QD denote price, quantity supplied and quantity demanded, respectively. a. (3 points). Find the equilibrium price and quantity if the government imposes a fixed tax of PHP 20 on each good. b. (3 points). Find the corresponding value of the government's tax revenue