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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:
P=1000-5Q
P=200+3Q
If the government imposes a sales tax of 400, answer the following
questions:
a) Equilibrium quantity Q=
b) Equilibrium Price P=.
c) Quantity sold after tax QAT
d) Price paid by consumers after tax PAT
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 y intercepts.
Scan your procedures and graph and attach them here
image text in transcribed

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