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Business, 28.02.2020 20:08 shambrayperkins

The estimated demand function for coffee is Qequals21minusp, and the estimated supply function is Qequals3plus0.25p. Write equations for the equilibrium price and quantity as a function of a specific tax t. Assume the tax is paid by producers. The equilibrium price (as a function of the tax, t) is pequals 14.4 plus 0.2 t. The equilibrium quantity (as a function of the tax, t) is Qequals 6.6 minus 0.2 t. What are the equilibrium price and quantity and the tax incidence on consumers if tequals0.90? If the tax is tequals$0.90, then the equilibrium price is pequals$ .

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