Question: 5.1 If the inverse demand function for books is p = 60 - q and the supply function is q = p, what is the

5.1 If the inverse demand function for books is p = 60 - q and the supply function is q = p, what is the initial equilibrium? What is the welfare effect of a specific tax of = $2 per unit on the equilibrium, CS, PS, welfare, and DWL? M

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