Question: Suppose that for a certain product the supply and demand functions prior to any taxation are Supply: p = q/10 + 8 Demand: 10p +

Suppose that for a certain product the supply and demand functions prior to any taxation are
Supply: p = q/10 + 8
Demand: 10p + q = 15
If a tax of $2 per item is levied on the supplier and is passed on to the consumer as a price increase, find the market equilibrium after the tax is levied?

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