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The question is in the picture Consider the following general demand and supply functions for at given commodity. Qt! = a _ hp Qt: =

The question is in the picture

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Consider the following general demand and supply functions for at given commodity. Qt! = a _ hp Qt: = '5' + d1\" i. Find the equilibrium price and quantity [4 Marks] ii. Suppose that a xed tax t is imposed on the product in question. what is the new equilibrium price and quantity. [E Merits] iii. Express the value of t in terms of e. b. c. d. and p. [3 Marks]

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