Question: 5.6 Use the demand function and the supply function for the avocado market (given in Question 4.4) to determine how the equilibrium price and quantity
5.6 Use the demand function and the supply function for the avocado market (given in Question 4.4) to determine how the equilibrium price and quantity change when a 55¢ per lb specific tax is imposed on this market. (Hint: See Figure 2.9.)
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