Question: The demand (D) and supply (s) function for a commodity are P =100 - 2Q and P = 10 + Q, respectively. (a) Find the

The demand (D) and supply (s) function for a

The demand (D) and supply (s) function for a commodity are P =100 - 2Q and P = 10 + Q, respectively. (a) Find the equilibrium price and quantity. That is, find the price and quantity where the D and S functions intersect. (b) A new 10% tax is imposed on this commodity. Find the burden of the tax on demanders and the burden on suppliers. Also find the total taxes

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