Question: Consider the following demand and supply functions. Demand: D ( p ) = q = 1 9 0 - 6 p and Supply: S (
Consider the following demand and supply functions.
Demand: and Supply:
a Assume there are no taxes imposed. Find the equilibrium price and quantity.
Equilibrium Price Round your answer to the nearest cent.
Equilibrium Quantity Round your answer to the nearest whole number.
b Assume there is a tax imposed on the consumer, find the new equilibriu
New Equilibrium Price Round your answer to the nearest cent.
New Equilibrium Quantity Round your answer to the nearest whole number.
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