62. Consider the following supply and demand equations: - P = 200-4Q P = 20+2Q Find...

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62. Consider the following supply and demand equations: - P = 200-4Q P = 20+2Q Find the Equilibrium price and quantity If Govt imposes Rs. 5 per unit tax, find the new equilibrium quantity price that buyer pays and the price that seller receives Calculate the burden of tax on consumers, that is, the share of government revenue that is paid by consumers (should be a fraction) Calculate the burden of tax on producers, that is, the share of govemment revenue that is paid by producers (should be a fraction) 62. Consider the following supply and demand equations: - P = 200-4Q P = 20+2Q Find the Equilibrium price and quantity If Govt imposes Rs. 5 per unit tax, find the new equilibrium quantity price that buyer pays and the price that seller receives Calculate the burden of tax on consumers, that is, the share of government revenue that is paid by consumers (should be a fraction) Calculate the burden of tax on producers, that is, the share of govemment revenue that is paid by producers (should be a fraction)