. the demand and supply functions

P_d=100 - 0.5Q_d

P_s=10 + 0.5Q_d

a) calculate the equilibrium price and the quantity algebraically and graphically. comment on the solution

b) assume the Government imposes a tax of K6 per unit sold

i. write down the equation of the supply function adjusted for tax

ii. find the new equilibrium price and quantity algebraically.

outline the distribution of tax, that is calculate the tax paid by consumer and producer