Question: Need help with question. Can you please explain where everything come from and how to solve because I have answers but don't understand the concept?

 Need help with question. Can you please explain where everything come

Need help with question. Can you please explain where everything come from and how to solve because I have answers but don't understand the concept?

from and how to solve because I have answers but don't understand

24. Equilibrium prices and quantities are determined by demand D1 = 200 - 2p, and supply S1 = 2p1 - 40 in the market for Good 1 and by D2 = 240- 2p2 and supply S2 = 2p2 - p1 - 20 in the market for Good 2. a. Provide a diagram showing the equilibrium price and quantity in the market for Good 1 and a second diagram showing the equilibrium price and quantity in the market for Good 2. b. Next month the government will introduce a t = 40 per unit tax in the market for Good 1 (not Good 2). Update your diagrams to show and quantify how prices and quantities will be affected in both markets. c. Illustrate (do not calculate) how the price of Good 2 would be affected if the demand curve in Market 1 was less elastic

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