Order the answer to: Repeat Exercise for a 50¢ sales tax instead of a

Assignment Help business-economics Order the answer to: Repeat Exercise for a 50¢ sales tax instead of a

business-economics

Order the answer to: Repeat Exercise for a 50¢ sales tax instead of a

Question Repeat Exercise for a 50¢ sales tax instead of a 50¢ excise tax. Suppose the demand curve for oranges is given by the equation Q = ?200 • P + 1,000 With quantity (Q) measured in oranges per day and price (P) measured in dollars per orange. The supply curve is given by Q = 800 • P Compute the equilibrium price and quantity of oranges.
Subject business-economics
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