Suppose that in a certain market the demand function for a product is given by

10p + q = 2,200

and the supply function is given by

50p q = 650.

(Assume price is measured in dollars.) If the government levies a tax of $3 per item, find the equilibrium point after the tax is levied. The tax is added to the selling price of the product. (q, p) =

q16. Stutz Department Store will buy 10 pairs of sunglasses if the price is $ 79 per pair and 30 pairs if the price is $29. The supplier of the sunglasses is willing to provide 35 pairs if the price is $84 per pair but only 5 pairs if the price is $24. Assuming that the supply and demand functions for the sunglasses are linear, find the market equilibrium point. (q,p) =

q15. A group of retailers will buy 112 televisions from a wholesaler if the price is $450 and 152 if the price is $400. The wholesaler is willing to supply 88 if the price is $385 and 168 if the price is $475. Assuming that the resulting supply and demand functions are linear, find the equilibrium point for the market. (q, p) =

Q14. Find the market equilibrium point for the following demand and supply functions.

Demand:	2p	=	q + 77
Supply:	3p q	=	63

(q, p) =

q13. Find the market equilibrium point for the following demand and supply functions.

Demand:	p	=	2q + 294
Supply:	p	=	8q + 5

(q, p) =