1 C) apparently it is wrong, but I am not sure why

2C) is also wrong and I am unsure why

Voice 2C Suppose the Government imposed an $2 tax on Good X. Suppliers are responsible for collecting and remitting the tax to the government. Adjust the supply equation to reflect the tax, and solve for equilibrium market price and quantity exchanged. Illustrate the effect of this tax in your 2B diagram. Supply function w/ tax : Q=- 20+ 6.56p-t) equi. price: (75-3P) = (- 20+ 6. 5 (pt ) ) LD P= 0. (8(t+ 14.62) t = 2 p: 11 37 eau aty . Q =- 20+ 6.5 (11:37-2) a = 40. 90 5 2D Calculate the total amount of tax collected. Tax Before Tax After 10 x 45= $450 11:37x 40. 905 = $ 46 5.09 465.09-450 =$15. 09wer all questions in the space provided. Scan and submit to appropriate Dropbox. QUESTION 1. The general demand function for Good A is given by: QP = 1200 - 6P + .5M - 10PB + 4T + 2P. + 3N The variables are: P the price of Good A M average household income PB the price of related Good B T a consumer taste index P. the price consumers expect to pay next month N the number of buyers in the market 1A According to the slope parameter on average household income, what kind of good is Good A? Explain or demonstrate. . Normal apod . For every $1 increase in the average household income, increases Qp by 0.5 units. 1B When product price is $6. average household income is $40.000, the price of Good B is $20, the index of consumer preferences is 8, next month's product price is $2, and the number of consumers is 10,000, what is the quantity demanded of Good A? an = 1200-6(6) +0.5 (40 000)- 10 (20)+4(8) +2(2 )+3(10.005) 202 1200 - 36+ 20000 -200 + 32 + 4+30,00 = 51000 units 1C What is the relationship between Goods A and B?_Use the information in 1B to calculate the relevant elasticity. Use the calculus version (because you have a function). Goods A + B are complements because the price of Good B will deerooms with the price of Good A . X P -D - 6 x 1 6 51,010 = - 0.060706