mework - Chapter X P Chapter 9 Quiz (v2) X C chegg.com/homework-h x * Homework Help - Q&Af x Course Hero X ttps://mylab.pearson.com/Student/PlayerTest.aspx?canvas_workflow_state=available&canvas_enrollment_state=active&canvas_user_id=4561421&ca 01, 0202 Quiz (v2) Question 7 of 8 This quiz: 8 poi This question: If the inverse demand function for books is K 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 t = $4? The initial equilibrium quantity is (round your answer to the nearest integer). The specific tax of t = $4 creates a deadweight loss of $ (round your answer to two decimal places)