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PLEASE HELP ME Suppose a perfectly competitive market has the following demand and supply: QD = 350 - 5p QS = 10p - 40 A
PLEASE HELP ME
Suppose a perfectly competitive market has the following demand and supply: QD = 350 - 5p QS = 10p - 40
A tax of $3 on each unit sold is imposed on buyers in the market.
10. With the tax, what will be the price and quantity in equilibrium? p = ____________ Q = ____________
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