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Suppose that the demand curve in the market for Schott-Zwiesel pure wine glasses can be represented by the following demand and supply equations: Qd =

Suppose that the demand curve in the market for Schott-Zwiesel pure wine glasses can be represented by the following demand and supply equations: Qd = 200 - 5P Qs = 5P a. Find the equilibrium price and quantity demanded The government decides to impose a tax of $10 per unit sold on Schott-Zwiesel pure wine glasses

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