The demand and supply curve for product X is given as: QD = 150 - 4P: QS= 6P - 50 a. Price and equilibrium in product market X? b. Calculate the elasticity of supply and demand at the equilibrium price. c. Suppose the government levied a tax on the seller at a tax rate of t= $10/unit. Calculate the price and quantity equilibrium d. Suppose the government levied a tax on buyers with a tax rate of t = $10/unit. Calculate the price and quantity equilibrium