Suppose that a certain product has the following demand and supply functions. Demand: p = -0.05q +

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Suppose that a certain product has the following demand and supply functions.
Demand: p = -0.05q + 65
Supply: p = 0.05q + 10
If a $5 tax per item is levied on the supplier and this tax is passed on to the consumer, find the market equilibrium point after the tax?
Problems involve market equilibrium after taxation.
Use the following figure to answer Problems.
140 Supply (after tax) Demand 120 Тах100 Supply (before tax) 80+ 20 40 60 80 100
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