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The market of tires is represented by the following equations: P = 1 0 0 0 - 5 Q P = 2 0 0 +
The market of tires is represented by the following equations:
If the government imposes a sales tax of answer the following
questions:
a Equilibrium quantity
b Equilibrium Price
c Quantity sold after tax
d Price paid by consumers after tax
e Price After tax for the seller
f Tax Incidence on consumers IC
g Tax incidence on producers or sellers IP
h Tax revenue
i Illustrate your results in a graph. Don t forget to name axes and
graphs and place the intercepts.
Scan your procedures and graph and attach them here
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