Question: QD = 9 , 0 0 0 3 0 P P = 4 5 + QS Assume the government puts a tax of 3 on

QD =9,00030P
P =45+ QS
Assume the government puts a tax of 3 on each apple sold. [We never defined the currency units in Check-in Exam #1, so you can ignore them.]
As a reminder, the equilibrium price for apples was 90(again, unitless), and the equilibrium quantity was 6,300. In addition, at the equilibrium, the elasticity of demand (D)=-0.43, while the elasticity of supply (S)=2.00.(You can go and check the answer key from Check-in Exam #1 if youd like. Please do NOT work out that these are the right answers Im telling you they are.)
[2 points] What is the price that producers/firms will get to keep for each apple they sell (calculate out to 2 decimal places)?
[2 points] What is the price that consumers will pay for each apple bought (calculate out to 2 decimal places)?
[2 points] What is the equilibrium quantity of apples sold in the market (calculate out to one decimal place)?

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