Question: Question-1 (Equilibrium) (25 points) The demand function D(p) = 200 - 4p and supply function is S(p)= 6p 1. Find the equilibrium price and quantity

Question-1 (Equilibrium) (25 points) The demand function D(p) = 200 - 4p and supply function is S(p)= 6p 1. Find the equilibrium price and quantity 2. If government collect $10 unit tax from each product, find the equilibrium demand and supply prices. 3. How much tax revenue is collected? 4. What is the deadweight loss amount as a result of taxation

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