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Qd = 180-3P Qs= -20+2P b. Assume a $10 per unit tax is imposed on this market. Calculate the new equilibrium quantity, the buyer price,

Qd = 180-3P

Qs= -20+2P

b. Assume a $10 per unit tax is imposed on this market. Calculate the new equilibrium quantity, the buyer price, the seller price, the buyer tax burden, and the seller tax burden. (10 marks)

c. Is this tax economically efficient? Why, or why not? (2 mark)

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