The demand for sausages is Q = 280 + 8P and the supply of sausages is Q
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Question:
The demand for sausages is Q = 280 + 8P and the supply of sausages is Q = 12P + 20. A per-sausage tax of $2 is levied on vendors. Calculate the after-tax price paid by consumers and the after-tax price received by sausage vendors. What would the price be without the tax?
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