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Unformatted text preview: 1.6 55. Demand: P= -0.05q+65 Supply: P=0.05q+10+5 because $5 tax per item is levied on the supplier (1)P= -o.o5q+65 (2)P= 0.05q+ 15 (1)+(2) to eliminate q 2p=80 P= $ 40 40= 0.05q+ 15 25=0.05q q= $500...
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This note was uploaded on 07/07/2011 for the course INT 335 taught by Professor Fici during the Spring '11 term at Southern New Hampshire University.
- Spring '11