Use the following equations to answer partsa-d.

QD = 250- 8P QS = 2P- 20

a) Calculate the equilibrium price and quantity.

PE= $QE =

b) Suppose the government imposes aper-unit tax of$3. Calculate PTAXEand QTAXE.

Make sure to round the price to 2 decimal places before you calculate the quantity.

PTAXE= $ QTAXE= units(round at 2 decimalplaces)

c) How much of theper-unit tax do consumerspay, and how much of theper-unit tax do producerspay?

Consumerspay: $Producerspay: $

d) Calculate thegovernment's tax revenue.

Tax revenue= $