The inverse demand function for grapefruit is defined by the equation p = 145 6 q ,
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Question:
The inverse demand function for grapefruit is defined by the equation p = 145 6q, where q is the number of units sold. The inverse supply function is defined by p = 5 + 4q. A tax of $20 is imposed on suppliers for each unit of grapefruit that they sell. When the tax is imposed, the quantity of grapefruit sold falls to
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