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The demand and supply for bicycles is given by: Q = 1000 - 10P and supply is: Q$ = 2P - 20 6. Suppose the

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The demand and supply for bicycles is given by: Q" = 1000 - 10P and supply is: Q$ = 2P - 20 6. Suppose the government imposes a 20% sales tax. What is the new equilibrium Price and equilibrium Quantity? a. Q*=85; P*=150 b. Q*=150; P*=85 C. Q*=125.71; P*=87.43 d. Q*=87.43; P*=125.71 e. None of the above

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