Question: Q D = 360-5PQ S = 10P - 90 Find tax free equilibrium price and quantity.Find (net) consumer surplus and producer surplus.Label a supply and

QD= 360-5PQS= 10P - 90

  1. Find tax free equilibrium price and quantity.Find (net) consumer surplus and producer surplus.Label a supply and demand diagram with your results.
  2. tax of $10 per unit is imposed.Find the total tax revenue.
  3. tax of $20 per unit is imposed.Find the total tax revenue.
  4. tax of $30 per unit is imposed.Find the total tax revenue.
  5. Draw Arthur Laffer's curve, including the tax revenue numbers solved with this question.

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