Rupina K.

asked • 02/01/23

I asked this question 3 times and got different answers from different tutors. Can someone please explain this?

Find equilibrium price and quantity? How to find new quantity, price and Incidence of taxation on consumers if a 1 dollar lump sum tax is levied on suppliers?

Quantity demanded=-20P+100

Quantity Supplied=50+10P

(the only thing I need to confirm is the new price, quantity and incidence of taxation on consumers)

1 Expert Answer


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