Question: the sections based on the following equations: Q = 500 - 2P Q = P - 100 a) Chart the market; b) Determines the market
the sections based on the following equations: Q = 500 - 2P Q = P - 100 a) Chart the market; b) Determines the market equilibrium; c) Calculate the consumer surplus; d) Determine the producer surplus; e) Calculate the market surplus; f) If the government imposes a tax of $15 per unit, determine the new quantity exchanged in the market, the producer's price, and the consumer's price; g) If the government imposes a tax of $15 per unit, determine consumer surplus and producer surplus; h) If the government imposes a tax of $15 per unit, determine the government's revenue
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